This mid-sized HFC has a 10-member central team managing internal audit for 2000+ branches across India. Audit360 helped improve efficiency of operations and helped build capacity.
The HFC had an excel and email based internal audit process through which they were managing disbursement and post disbursement internal audit for all their branches.
While the processes was manageable because of a highly skilled team, it was not scalable.
Team was spending too much time in manual operations. Tracking and reporting was become more and more cumbersome by the day.
Audit360 provided a cloud hosted application to the internal audit team. The application was deployed in one day and ready to use in 2 weeks time. Team was able to automate all their manual processes. The capacity of the team improved by 70%. Real time reports and dashboard were made available. Automated emails and follow up notifications were configured for quick issue closures.
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