VANCOUVER, British Columbia, Oct. 1, 2013 /PRNewswire/ -- ACL is honored to announce that it has received the 2013 GRC Value Award in the "Audit Management" category from GRC analyst firm GRC 20/20. The inaugural awards recognize real-world implementations for Governance, Risk Management, and Compliance programs and processes that have returned significant and measurable value to an organization. ACL was selected as a result of its work with Traina & Associates, an IT audit provider that works with financial institutions, hospitals, CPA firms, non-profit organizations, and other businesses to ensure that each organization's data is secure.
Since adopting ACL technology, Traina & Associates has performed 100% of its audit work using ACL™ GRC. Prior to adopting the solution, the firm experienced a period of rapid growth and as a result, its audit team faced increased demand and was under pressure to work extended hours in order to complete engagements ahead of deadlines.
Through use of ACL GRC, Traina & Associates has increased audit management efficiency by 25% and increased audit revenues by 10% without having to grow the audit team. Traina & Associates has also realized the following benefits:
- Increased productivity, and removed a backlog of work they experienced for over seven years, thanks to the ability to divide the audit work into sections that can be signed off by the auditor, making work immediately available for review.
- Improved information security by eliminating the risk of lost or stolen laptops containing confidential client information and discontinuing the sharing of confidential information through internal email.
- Ability to work anytime from anywhere with cloud-based access and mobile apps.
- Ability to immediately update audit procedures to keep up with fast-moving technology within client businesses.
"The value that Traina & Associates has obtained from using ACL GRC is a prime example of a successful GRC program," said Michael Rasmussen, J.D., OCEG Fellow, CCEP, GRCP, CISSP, Chief GRC Pundit for GRC 20/20, and internationally recognized expert. "An impressive takeaway is that this organization achieved multiple improvements to its overall business process with one integrated solution."
Traina & Associates initially chose ACL technology as a cost-effective way to improve workflow, automate the audit process, and lessen the workload for each team member.
"Our philosophy is to provide solutions that offer simplicity, flexibility, and data-driven decision making to a wide range of organizations," said Ross Paul, Vice President, Go to Market & IT at ACL. "We are honored to receive this award and applaud the success that Traina & Associates has been able to achieve with ACL software."
To learn more about ACL GRC, visit www.acl.com/solutions/products/acl-grc/
- For more information on award recipients, visit the GRC 20/20 blog: www.grc2020.com/index.php/blog
- For the latest news and views on compliance, risk, fraud and audit, visit: www.acl.com/blog
- Follow ACL on Twitter: @ACLServices
- Join ACL on LinkedIn: www.acl.com/LinkedIn
- Like ACL on Facebook: www.facebook.com/ACLServices
ACL delivers technology solutions that are transforming audit and risk management to give organizations unprecedented control over their business.
Our integrated family of products—including our cloud-based governance, risk management and compliance (GRC) solution and flagship data analytics products—are used at all levels of the enterprise to help maximize growth opportunities by identifying and mitigating risk, protecting profits, and accelerating performance.
Thanks to 25 years of experience and our consultative approach, we implement flawlessly so customers realize concrete business results fast at low risk. Our actively engaged community of more than 14,000 customers around the globe—including 89% of the Fortune 500 and hundreds of governments—tells our story best. Here are just a few.
About GRC 20/20
GRC 20/20 is the authority in understanding how organizations implement GRC practices that are effective, efficient and agile. Through independent research and industry interaction, GRC 20/20 advises the entire ecosystem of GRC roles within organizations, technology and knowledge solution providers, and professional service firms. Organizations engage GRC 20/20 when they need insight, guidance and advice in dealing with a dizzying array of disruptive issues, challenges, processes, information and technologies while trying to maintain control of a distributed and dynamic business environment. Visit GRC 20/20 at http://www.grc2020.com/ and follow on Twitter at @GRCPundit.
© 2013 ACL Services Ltd. ACL and the ACL logo are registered trademarks of ACL Services Ltd. All other company and product names are trademarks of their respective owners.