Internal audit software is an electronic system for managing, storing, and reporting on inspections and audits. It provides a complete audit trail with the capability to search by date, time, staff, and location. The Harrington Group International provides a software system solution for all types of audits, inspections, and inspection spending reviews. The software is a combination of three modules that offer many different views and customized audit trails.
QMS Software System Solution is an internal control system that minimizes loss while maximizing profit by applying quality management principles in all aspects of the daily operation at your organization.
A document control system includes a set of procedures on how to transfer documents between people in the company or between companies. These procedures may involve copying (duplicating), signing-off, scanning or emailing documents such as invoices and contracts that are required for business transactions.
Below are some of the benefits you can expect from using this software:
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Creates an audit trail
The audit trail will not only show you where the company received and disposed of money but also what it was being spent on. This information will help you to monitor your business goals and policies, show that you are in compliance with laws, regulations, and schemes, making sure that no funds are being wasted. The Harrington Group International provides an audit trail that is customized to your business needs and requirements.
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Increasing efficiency and productivity
You will be able to keep a track of the time spent on key tasks, making sure that you fall in line with your productivity and expenditure schedules. You can also see how long each person takes for their work, making it easier for you to reward them or give them extra responsibilities. This can contribute to a reduction in staff turnover. Internal auditing software facilitates the daily operations of companies by making it easier for managers and employees to monitor the progress of all their departments, ensuring compliance with all policies set out by the organization.
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Save time and money
Knowing where your money is going will help management in spots where you need to make adjustments. You will be able to ensure that you are falling in line with the government, industry, and sector regulations and policies.
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Reduce staff turnover
This software can help in reducing the number of people leaving your organization because it makes it easier for managers and employees alike to prove that everything is being done according to plan and that nothing is being wasted. Creating an audit trail provides a document trail that can show the company whether or not their employees are following the policies set out by management, providing a visual representation of how they are doing at work every day.
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Monitor your employees
You will be able to monitor employees through the audit trail, giving you a better understanding of how they work. You can quickly see the areas in which they are excelling and the areas that need some improvement.
Conclusion
Internal auditing software can work well in conjunction with other business management software. For example, you can use the internal audit software to monitor and check that all your employees are using your TMS (time monitoring system). This will help you to evaluate the time they are spending on each task, or to see if they have any problems or issues with procedures or policies.
