Process-Based Internal Control
Risks, controls, documentation, and responsibilities are linked together on a single screen for every business process.
Internal Control and Corporate Risk Management
A COSO-compliant, audit-ready internal control and corporate risk management solution that brings together processes, risks, and control points on a single platform.
360°
Control Visibility
70%+
Paperless Process
7/24
Audit & Monitoring
Overview of the Internal Control Module
It provides a digital internal control infrastructure that strengthens governance, transparency, and regulatory compliance by tracking processes, risks, controls, and action plans end-to-end.
COSO Compliant Structure
The control environment complies with international standards in terms of risk assessment, control activities, information and communication, and monitoring.
Action and Compliance Monitoring
Progress on audit findings, action plans, and deadlines is monitored in real-time.
Centralized Reporting
The board of directors provides personalized dashboards and report sets for internal audit and process owners.
Internal Control Model Components
It digitizes your corporate internal control structure under five main components: control environment, risk assessment, control activities, information & communication, and monitoring.
Control Environment
- Organizational chart, job descriptions, and authority matrices.
- Digital archive of policies, procedures and guidelines.
- Ethical guidelines and approval records
Risk Assessment
- Process, unit, and project-based risk inventory.
- Risk scoring based on probability, impact, and level of control.
- Prioritization based on risk appetite and tolerance levels.
Control Activities
- Types of preventive, detection, and corrective control.
- Authorization flows, reconciliations, cross-checks
- Frequency of checks, supporting documents, and related risk associations.
Information, Communication & Monitoring
- Notifications, alerts, and periodic reports.
- Internal audit plan, findings records, and follow-up actions.
- Continuous monitoring indicators and performance metrics
End-to-End Internal Control Process Flow
From strategy and process inventory to risk analysis, control design, implementation, monitoring, and reporting, the entire cycle is managed on a single platform.
1. Process & Asset Inventory
Defining the organization, processes, sub-processes, and critical assets.
2. Risk Analysis
Creating, scoring, and prioritizing risk scenarios.
3. Control Design
For each critical risk, control activities, responsibilities, and frequencies must be determined.
4. Application & Evidence
Conducting checks and uploading supporting documents to the system.
5. Monitoring & Control
Developing test plans, internal audit findings, and following up on actions.
6. Reporting & Improvement
Management reports, trend analyses, and continuous improvement plans.
Roles, Responsibilities, and Authority Matrix
The roles and responsibilities of the board of directors, internal audit team, process owners, and unit employees in internal control are clarified.
- Approval of internal control policy and framework.
- Determining risk appetite, targets, and performance indicators.
- Review of periodic internal control and risk reports.
- Creation of inspection plans and test plans.
- Evaluation of control design and operational effectiveness.
- Monitoring of findings, recommendations, and action plans.
- Keeping the risks and controls in their own processes up-to-date
- Entering control application records and documents into the system.
- Implementation of action plans and status updates.
- Digital matrix of transaction limits, approval levels, and signature authorities.
- Approval and control mechanisms integrated with ERP/business applications.
- Versioning and traceability of authorization changes.
Reporting, Analytics and Dashboards
It offers filterable dashboards with varying levels of detail for management, audit, and process teams.
Control Panel
High risks, delayed actions, critical findings, and compliance indicators are summarized on a single screen.
Risk & Control Analysis
Risk distributions based on unit, process, category, and score; control effectiveness levels and trend graphs.
Audit & Action Tracking
Planned and completed audits, findings, responsible parties, and target date performance.
Report Sets & External Stakeholders
Quick access to board, audit committee, and regulatory body reports via PDF/Excel outputs.
Frequently Asked Questions
No. The module is designed to be scalable for municipalities, universities, SMEs, and holding companies. It can start with a few critical processes and gradually expand to the entire organization.
Yes. Process, risk, and control logs can be integrated with ERP, DMS, human resources, and finance systems via API, preventing data duplication.
All audit evidence, findings, and action records are gathered in one place, allowing access to desired reports and evidence within minutes; eliminating the need for manual Excel/Word compilation.