eTHIC

eTHIC, developed by NCS Soft Solutions, is an Audit Lifecycle Management software solution that aims to streamline the entire audit process from planning to closure. According to the vendor, this solution is designed to be suitable for various functions, departments, and organizations, making it potentially valuable for Audit and Compliance Professionals, Risk Managers, Internal Auditors, Finance Professionals, and the Banking and Financial Services Industry.

Key Features

Highly Configurable Platform: eTHIC offers a customizable platform that allows organizations to tailor risk assessment parameters, audit planning, and issue tracking to meet their specific requirements.

Scalable and Secure: The vendor states that eTHIC is designed to be scalable, enabling organizations to expand their audit management capabilities as needed. They also emphasize its secure environment for storing and managing sensitive audit data, ensuring data confidentiality and integrity.

On-Premises and Cloud Applications: eTHIC provides the flexibility of both on-premises and cloud deployment options, allowing organizations to choose the most suitable deployment model based on their IT infrastructure and security preferences.

Automated Audit Planning: According to the vendor, eTHIC automates the audit planning process by utilizing risk-based profiling. This feature helps organizations optimize their audit resources by identifying high-risk areas that require more attention and allocating resources accordingly.

Comprehensive Data Analytic Dashboards and Reports: eTHIC offers comprehensive data analytic dashboards and reports that provide valuable insights into audit trends, risk profiles, and compliance status. These features enable organizations to gain actionable business insights from their audit data.

Centralized Issue Tracking: eTHIC includes centralized issue tracking capabilities, allowing organizations to track and manage audit compliance issues across their entire operations. This feature provides a centralized repository for tracking, resolving, and following up on audit findings in a timely manner.

Less Vendor Dependency: The vendor claims that eTHIC reduces vendor dependency by providing organizations with a self-sufficient audit management solution. They emphasize that it empowers organizations to have greater control over their audit processes and minimizes the need for external support.

Audit Library Based on Best Practices: eTHIC incorporates an audit library based on industry best practices, providing organizations with a comprehensive set of audit templates and guidelines. This ensures adherence to industry standards and regulatory requirements.

Seamless Transition from Paper-based to Automated Audits: According to the vendor, eTHIC facilitates a seamless transition from traditional paper-based audits to automated audits. It enables organizations to digitize their audit processes, eliminating manual paperwork, improving efficiency, and reducing the risk of errors.

Customizable Risk Assessment Parameters: The vendor claims that eTHIC allows organizations to customize risk assessment parameters to align with their specific risk management framework. They highlight the flexibility it provides in defining risk criteria and scoring methodologies for accurate risk assessments.