Northern Arizona University Chooses ACL™ GRC to Improve Audit Team's Productivity and Minimize Potential Revenue Loss Public Institution Selects Cost-Effective Solution to Ensure Effective Compliance Audits
VANCOUVER, British Columbia, Oct. 16, 2013 /PRNewswire/ -- ACL today announced that Northern Arizona University (NAU) has selected ACL™ GRC to increase its governance, compliance, and risk management capabilities, specifically involving financial aid, grants, sponsored projects, and student billings and collections.
Established in 1899, headquartered in Flagstaff, and ranked one of U.S. News & World Report's 2013 Best Colleges for its Business Programs, NAU provides its student body with a broad range of degrees, including undergraduate, graduate, and online. There are seven colleges within the university, creating a need for the audit team to implement a solution that provides streamlined, end-to-end technology on one integrated platform.
"We were impressed by ACL GRC's flexibility, visually appealing features, and ease of use," said Mark Petterson, Chief Audit Executive at NAU. "We're really looking forward to seeing improvements in our productivity once the technology is implemented."
As a public organization, the team at NAU must not only ensure that they are effectively and efficiently completing their audits, but that they are meeting regulatory compliance requirements at the state and federal levels as well.
"Entities within the public sector need solutions to manage risk across the organization, just as any private enterprise does," said Greg Thomas, Director, Public Sector Practice at ACL. "However, these customers face additional pressure to perform under tight budgets, which generates a crucial need for a solution that will immediately produce savings, deliver results, and uncover any possible areas of revenue loss."
To learn more about ACL GRC, visit www.acl.com/solutions/products/acl-grc/.
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