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The Business Proposition
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Facilitate.com's
web-based collaborative meeting and
survey tools expand Internal Audit's
reach across the organization by enabling
widespread employee involvement in
identifying and controlling risk factors.
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Today, more than
ever, managing risk is of paramount importance. Transactions
are more complex, business relationships are more interdependent,
markets are more volatile, and regulatory oversight
is more intense than at any time in the past. Organizations
are being increasingly challenged to bring efficient
and effective risk management practices inside the organization.
Companies that are rising to the challenge are using
a collaborative
approach, building a culture of effective risk management
through widespread employee involvement in identifying
and controlling risk factors. Facilitate.com's web-based
collaborative meeting and survey tools enhance this
best practice, increasing the ability to engage more
departments and expanding Internal Audit's reach across
the organization. Results are documented and benchmarked
to assess and improve the organization's risk management
practices.
Web Collaboration Solutions
The internal audit
begins with the gathering of key information about each
area of risk from many sources. To get a complete picture,
these risk areas might include Customers, Environmental,
Business, Financial, Information Technology, Suppliers,
Human Resources and more. Internal auditors looking
for a thorough approach to collecting this data will
often turn to surveys, yet these are often expensive
and difficult to administer. Facilitate.com's web based
survey tool speeds and simplifies
the collection and analysis of survey data. It is easy
enough to allow internal auditors to set up, administer
and analyze the data without requiring I/T support,
yet functionally rich enough to give them a wide array
of voting options and survey formats. Authorized users
can view the results on-line at any time, create reports
or feed the data into any analysis tool, or use the
data as a basis for a Facilitate.com web meeting.
Facilitate.com's meeting tools
are ideal for an on-site workshop. The common access
to an electronic flipchart to create and build ideas
creates an environment where productivity and creativity
coexist. Participants can brainstorm concurrently allowing
risks and issues to be identified quickly, then categorized
and prioritized. The facilitator can adjust the flip
chart on the fly to create a multi-parameter ballot
allowing participants to vote on priority, urgency and
other criteria. A second round of discussion might then
identify, categorize and rank the mitigating actions
for the most critical risks. All the data is stored
in a single repository, and participants have access
to instant documentation at any time.
Client Example
Internal audit has changed
dramatically in recent years, evolving from a traditional
auditing role, with a charter of protecting enterprise
value, to that of an internal consultant, with increasing
organization-wide pressure to enhance shareholder value.
How do internal auditors use Facilitate.com? One Fortune
500 company has implemented an innovative alternative
to the traditional operational internal audit called
Control Self Assessment that is more collaborative and
efficient. Facilitate.com's survey tool is used to gather
information about the department's control environment
that then forms the basis for a Control Assessment Workshop.
Facilitate.com's meeting tools enable anonymous input
to certain parts of the workshop, ensuring an atmosphere
that is open and honest.
Look at an a Control
Self Assessment Survey
Look at a Risk
and Control Workshop
Take
a guided tour of Facilitate.com
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