June 20, 2024

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Wolters Kluwer Named Category Leader by Chartis Exploration

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Wolters Kluwer Tax & Accounting has been named as a Group Chief by Chartis Analysis in its “GRC Remedies, 2021: Marketplace Update and Vendor Landscape” report. The report recognizes Wolters Kluwer for its field-top TeamMate interior audit remedies.

“We are really proud that Chartis continues to recognize Wolters Kluwer as a Classification Leader for internal audit options based on the market place possible and completeness of the TeamMate providing,” stated Jim Dunham, Executive Vice President & Common Manager, Wolters Kluwer TeamMate. “The TeamMate audit and assurance specialist options are built, designed, and field-tested by auditors for auditors. By intently aligning with their desires, the TeamMate solutions enable auditors to link all details of the audit universe so they can present important insights and substantial-effects reporting for inside overall performance and external assurance.”

With a lot more than 120,000 auditors applying the cloud-based and on-premise variations globally, TeamMate is one of the world’s most broadly-utilised inside audit management techniques. Alongside one another with controls administration and analytics, these built-in world professional methods supply auditors with the self-confidence and insights desired to take care of all areas of facts-driven audits, such as continual danger assessment, workpapers management, concerns management, analytics, and reporting.

“Compared to the other sub-segments of GRC, inner audit is fairly experienced and secure: indeed, for some time it has defined the other places of GRC, in the sense that solutions for capturing information for inside audit ended up vital functions of other spots,” in accordance to the Chartis report. “More not too long ago, even so, quite a few developments have happened in internal audit – which includes the regulate function, which is ever more necessary to just take a a lot more energetic position in organization system and optimization. As a end result, establishments are now necessary to just take a far more energetic watch of processes. Chartis expects inside audit responsibilities to turn out to be additional automated, together with an increase in NLP-form lookups and extra automatic doc administration.”

“In today’s dynamic small business natural environment, inner audit continues to automate and adapt methodologies to be much more responsive to changes in large-impression dangers. Adopting agile audit strategies presents more quickly identification of pitfalls and further collaboration with stakeholders to address the risks. TeamMate combines agile audit capabilities with built-in analytics to allow audit leaders to increase small business functionality,” added Dunham.

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