Infor Governance, Risk, and Compliance vs Smart Audit comparison

Infor Risk and Compliance (Approva) version 10 provides powerful controls monitoring to discover exceptions and violations across key enterprise applications. It offers improved performance, an intuitive user experience, enhanced reporting, and new analytic dashboards to improve visibility into risks. It supports Microsoft SQL Server Standard Edition as its database and reporting server. It has enhanced extraction performance and enriched fuzzy logic algorithms, along with advanced data analysis, and reporting to quickly screen exceptions, identify violations and ultimately minimize exposure to risk.

Smart Audit is a comprehensive auditing tool designed for businesses seeking intelligent insights and analytics to optimize their operations and compliance processes efficiently.

Designed with advanced analytics and reporting capabilities, Smart Audit empowers businesses by providing real-time data, enhancing the decision-making process, and ensuring adherence to compliance standards. This tool adapts to diverse industry needs, offering customizable solutions that streamline workflows, mitigate risks, and ensure efficient auditing processes.

What are the key features of Smart Audit?

• Real-Time Data Analytics: Offers insightful analytics to identify trends and anomalies.
• Customizable Reporting: Enable personalized report generation tailored to industry-specific needs.
• Compliance Management: Ensures adherence to regulatory standards through detailed tracking.
• Risk Mitigation Tools: Provides robust solutions to identify and mitigate potential risks.

What ROI and benefits should reviews highlight?

• Cost Efficiency: Reduces auditing expenses through automation and efficient processes.
• Improved Accuracy: Enhances the precision of audits through advanced analytics.
• Time Savings: Streamlines processes to cut down on auditing time.
• Informed Decision Making: Provides actionable insights to inform strategic business decisions.

Smart Audit is implemented across industries such as healthcare, finance, and manufacturing, each recognizing its adaptability and robust features. Healthcare providers use it for compliance and risk management, while financial firms find value in its real-time analytics for reporting and audits. Manufacturing benefits from its customizable features to meet stringent industry standards, effectively enhancing efficiency and compliance.