Manual processes in preparing the audit reports led to human errors
It took weeks to process a document due to slow response times, as the communication between the auditors and the bank was through email/phone/fax/post
Chances of losing the physical document during the submission process was high. And, it was difficult to trace the documents in transit.
There was a huge risk of information/evidence being tampered with or intercepted.
The client deals with sensitive information as part of their work. They wanted to build a secure platform to manage their audit confirmation process.
We built an API-based secure document submission and approval platform for auditors and banks that replaced their paper-based confirmation process
Tamper-proof audit report submissions
Electronic submission resulted in reduced human errors
Communication between the auditors and the bank was managed through automated workflows, which led to faster processing times
Enabled fraud-detection with document traceability and audit trails Consolidated reports are received on time.
Transparent processes
