Avacor GRC Reviews & Product Details

Avacor GRC is a tool to assist internal audit (IA), internal control (IC), compliance control, and risk management (RM) departments. Avacor GRC automates their core processes, including risk-based inspection planning, conducting it, reporting on it and informing management. The platform is designed in cooperation with Big4 experts to comply with ISO 31000 and International Standards on Auditing by IAASB. Avacor GRC consists of five main modules: Internal audit management, Internal control, Risk management, Monitoring activities, Compliance control. The platform has wide opportunities for customization. The vendor states that Avacor GRC increases the involvement of business units in corporate control processes. It creates a knowledge base and a database of all information on internal audit, internal control, risk management and compliance control in a company. As a manager, the user can generate a personalized managing and analytical report in real time and keep company’s operations safe and stable in case of processes reconfiguration.