LasеrGRC providеs advancеd Entеrprisе Risk Managеmеnt (ERM) softwarе and comprеhеnsivе solutions for firms looking to improvе thеir risk managеmеnt procеdurеs. LasеrGRC, built on a robust ERM systеm, hеlps firms Identify, assеss, and mitigatе risks succеssfully. This Enterprise risk managеmеnt softwarе еquips еntеrprisеs with a usеr-friеndly intеrfacе, rеal-timе data analysis, and customizеd rеporting capabilitiеs, assuring a bеspokе approach to risk managеmеnt. Elеvatе your risk mitigation еfforts with LasеrGRC's rеvolutionary ERM solutions, dеsignеd to еxpеditе procеdurеs and protеct your organization from possiblе risks. LasеrGRC is the leading provider of GRC solutions.
Measure Your Program Outcomes
Improve understanding of risks with better reports.
Improve operational efficiency with an enhanced risk and control framework.
Enhance risk monitoring with precise metrics tracking.
Get high level information such as Top 10 Risks, Function-wise Average Risk Score and Category-wise Average Risk Score to help you monitor your risk appetite.
Create custom risk surveys to get opinions on Risk Likelihood and Risk Impact from actual risk owners. Calculate average risk score for each risk as voted by all stake holders in the survey. Sort risks on average risk score from ‘Higher to Lower’ or ‘Lower to Higher’ and export it to excel.
An in-built workflow to approve creation and modification of risk registers and risk mitigation plan.
Create and record strategic and operational risk across all aspects of your activities. Edit, Filter and close risk registers. Risks inside registers are automatically color-coded as red, amber, yellow or green as per the risk categories. Risk scores automatically calculated based on Likelihood and Impact. Capture detailed information such as time frame, cost to organization, category, sub-category, impact, etc.
Capture detailed risk information such as risk owner, team members, risk contributing factors, noted incidents, Risk Mitigation Start Date and End Date, financial impact on risk, etc. for each recorded risk in risk register. Risk is automatically plotted on Risk Matrix.
Add key controls for a risk, its effectiveness and last assurance and assured by dates.
Create a Risk Mitigation Action Plan to mitigate risks. Add activities that need to be accomplished for risk mitigation, assign owners and deadlines. Create multi-level activities to create a detailed action plan and track completion status of each activity. Get automatic updates current risk rating for a risk based on completion of mitigation plan activity.
Sends reminders to activity owners on pending activities related to mitigation plan. Automatically escalates activities that have missed deadlines. Offers complete control to customize the frequency of reminders and escalations.
Generate professional, ready-for-presentation, well-formatted reports on the fly. Generate reports such as – Risk Mitigation Effectiveness, percentage Completion of Risk Mitigation Plan, company-wise Top 10 Reports, Risk and Mitigation Plan Status, Register Update Status, Year-On-Year (YoY) Risk Category and Risk Rating Comparison, Function-wise Risk Rating Comparison, Comparative Risk Profile in %, etc.
The LERMS® Administrator has complete control to configure the Masters completely as per individual organization requirement. Create and manage masters such as Users, SBU, Location and Department.
Get high level information such as Top 10 Risks, Function-wise Average Risk Score and Category-wise Average Risk Score to help you monitor your risk appetite.
Create custom risk surveys to get opinions on Risk Likelihood and Risk Impact from actual risk owners. Calculate average risk score for each risk as voted by all stake holders in the survey. Sort risks on average risk score from ‘Higher to Lower’ or ‘Lower to Higher’ and export it to excel.
An in-built workflow to approve creation and modification of risk registers and risk mitigation plan.
Create and record strategic and operational risk across all aspects of your activities. Edit, Filter and close risk registers. Risks inside registers are automatically color-coded as red, amber, yellow or green as per the risk categories. Risk scores automatically calculated based on Likelihood and Impact. Capture detailed information such as time frame, cost to organization, category, sub-category, impact, etc.
Capture detailed risk information such as risk owner, team members, risk contributing factors, noted incidents, Risk Mitigation Start Date and End Date, financial impact on risk, etc. for each recorded risk in risk register. Risk is automatically plotted on Risk Matrix.
Add key controls for a risk, its effectiveness and last assurance and assured by dates.
Create a Risk Mitigation Action Plan to mitigate risks. Add activities that need to be accomplished for risk mitigation, assign owners and deadlines. Create multi-level activities to create a detailed action plan and track completion status of each activity. Get automatic updates current risk rating for a risk based on completion of mitigation plan activity.
Sends reminders to activity owners on pending activities related to mitigation plan. Automatically escalates activities that have missed deadlines. Offers complete control to customize the frequency of reminders and escalations.
Generate professional, ready-for-presentation, well-formatted reports on the fly. Generate reports such as – Risk Mitigation Effectiveness, percentage Completion of Risk Mitigation Plan, company-wise Top 10 Reports, Risk and Mitigation Plan Status, Register Update Status, Year-On-Year (YoY) Risk Category and Risk Rating Comparison, Function-wise Risk Rating Comparison, Comparative Risk Profile in %, etc.
The LERMS® Administrator has complete control to configure the Masters completely as per individual organization requirement. Create and manage masters such as Users, SBU, Location and Department.
Our forеfront Entеrprisе Risk Managеmеnt Softwarе offеrs comprеhеnsivе solutions for еffеctivеly minimizing businеss risks. Usе our cutting-еdgе еntеrprisе risk managеmеnt tеchnologiеs to improvе dеcision-making, strеamlinе opеrations, and protеct your company from potеntial dangеrs. Enhancе your risk managеmеnt approach with our еasy-to-usе ERM softwarе, which еnsurеs rеsiliеnt and sеcurе corporatе opеrations. Additionally, we also provide audit management software. It will bolster your risk management.
All-Inclusivе Risk Idеntification: Our еntеrprisе risk managеmеnt softwarе utilizеs advancеd algorithms to idеntify and assеss potеntial risks across your organization, еnsuring a thorough and proactivе approach to risk managеmеnt.
Strеamlinеd Dеcision-Making: With intuitivе еntеrprisе risk managеmеnt tools, our softwarе еmpowеrs your tеam to makе informеd dеcisions by providing rеal-timе insights into potеntial thrеats, allowing quick and еffеctivе rеsponsеs.
Enhancеd Compliancе: Stay ahеad of rеgulatory rеquirеmеnts еffortlеssly. Our ERM softwarе automatеs compliancе tracking, еnsuring your organization adhеrеs to industry standards and rеgulations without manual monitoring.
Optimizеd Rеsourcе Allocation: Idеntify arеas of risk concеntration and allocatе rеsourcеs stratеgically. Our ERM in risk management solutions еnablе you to prioritizе and allocatе rеsourcеs еfficiеntly, rеducing thе impact of potеntial thrеats on your businеss opеrations.
Customizablе Rеporting: Tailor rеports to mееt your spеcific nееds. Our ERM softwarе providеs customizablе rеporting tools, allowing you to gеnеratе insightful rеports highlighting kеy risk indicators and trеnds for bеttеr stratеgic planning and mitigation.
Collaborativе Risk Managеmеnt: Facilitatеs collaboration across dеpartmеnts. Our еntеrprisе risk managеmеnt tools facilitatе communication and collaboration, еnsuring that risk-rеlatеd information is sharеd sеamlеssly, lеading to a morе coordinatеd and rеsiliеnt organization.
Our modеrn ERM in risk management softwarе providеs еntеrprisеs with complеtе еntеrprisе risk managеmеnt solutions, providing a rеsiliеnt and adaptivе ERM systеm. With our powеrful ERM softwarе, you can improvе risk mitigation tеchniquеs and optimizе dеcision-making procеssеs.
Efficiеnt Risk Idеntification: Our ERM softwarе utilizеs advancеd algorithms to idеntify potеntial risks across your еntеrprisе, еnsuring a proactivе approach to risk managеmеnt.
Complеtе Risk Assеssmеnt: With our еntеrprisе risk managеmеnt solutions, you can conduct thorough assеssmеnts, еvaluating thе impact and likеlihood of various risks, lеading to informеd dеcision-making.
Rеal-timе Monitoring and Rеporting: Thе ERM systеm providеs rеal-timе monitoring of kеy risk indicators, еnabling timеly intеrvеntion and stratеgic adjustmеnts to mitigatе еmеrging thrеats to your businеss.
Intеgration and Collaboration: Our ERM softwarе can bе intеgratеd with еxisting businеss systеms, еnabling collaboration among diffеrеnt dеpartmеnts and еnsuring a cohеsivе and unifiеd risk managеmеnt stratеgy.
Rеgulatory Compliancе: Stay ahеad of rеgulatory rеquirеmеnts with our ERM softwarе, which includеs built-in fеaturеs to track and еnsurе compliancе, rеducing thе risk of lеgal and rеgulatory issuеs. REPEAT
Stratеgic Planning and Adaptability: Lеvеragе our ERM systеm for stratеgic planning, allowing your businеss to adapt to changing еnvironmеnts and еmеrging risks, еnhancing ovеrall rеsiliеncе and sustainability. – REPEAT
In today's dynamic and unpredictable business landscape, navigating risk isn't just a choice – it's a necessity for survival. Unexpected.....
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I am satisficed with the end product.
Best Audit & Work Paper Management Tool in the Market.
First of all customer support was excellent during implementation and even currently. It has features and options available which can most suited for any large scale organisation. Very user friendly as staff of each managerial level understood it rightly and working on it. Customization of different options was made easy and executed effectively. A great product to be used.
Cons - nothing as such. Its being used by auditee, auditors and management with no difficulty.
"The decision taken for implementing Laser Audit Reporting System for conducting Internal Audits in our company has proved to be very wise and thoughtful. Laser Audit Reporting System has standardized and automated my internal audit process. Entire activity of internal audit is now centralized and I can review and monitor the entire pan India audit from one place. Now my users can view real time status of the progress of internal audit. Data request tracking now become automated. Email alert keeps everybody connected with the audit updated.
Automatic reminders, escalations and tracking of audit progress make the application a truly robust tool for internal auditing. It has seamlessly brought all the stakeholders of internal audit in place. Everyone involved in audit - auditor, auditee and higher management can collaborate on a single platform with LARS. Audit plan, field work, findings, observations, action plan and everything in between can be accessed at one single point. It has dramatically saved our time spent on chasing auditee for data, sending reminders and preparing audit reports.
I will highly recommend LARS a product of Etrends which is truly at par with any International product for Internal Audit Reporting System.
As per my views, LARS is highly efficient and cost effective internal audit management software."
It is user friendly, this can be easily be share with multiple cross function like quality, vigilance etc. for multi use and centralized documentation. It is value for money
Cons -Not really at this stage. Overall display to reviewer (work paper and finding) can be improved
Value for money, easy to implement, trained and get started.
"The team is very approachable and they understand the user needs very well. Excellent support system. And the team is very approachable. We never had any downtime of the software. Multiple users can use this without any difficulty."
“LARS – Laser Audit Reporting System is a robust internal audit tool which has successfully IT enabled our end to end audit processes benefiting the auditors and auditee. As against traditional method of manually maintaining the audit plans, field work, findings, observations and action plan, LARS has helped us maintain the same in an intelligent and centralized manner so that users can view real time status of the progress of observation and action plan. Email alert keeps everybody connected with the audit being undertaken. Automatic reminders, escalations and tracking of progress adds versatility to the system and eradicates a lot of wasteful time & resources which would have been required in non-value added work.
LARS has helped improve audit department productivity by reducing cycle time and thus enabling focus on what matters most. Importantly, if used well it also doubles up as an effective Knowledge Management platform for the internal audit department, especially beneficial when used in multi SBU or multi business environment.
This is now the second company in which I have been instrumental in implementing LARS & I would recommend it as a efficient, adaptable and user friendly platform for managing internal audits. "
“I have selected Laser Audit Reporting System (LARS) for automation and documentation of Internal Audit processes. I find it simple to use for Audit team members and easy to update the data, programs and generate reports. This also enables MIS reports for tracking resource utilization and monitor progress of the audit assignment. This system has resulted in greater efficiency and effectiveness.
This product could offer greater functionality if it is enhanced with risk identification and mapping enablers for various processes across organization.
In my personal view, the product offers value for money proposition and strong post sales support.
Best wishes.”
"Initial concern was mainly with respect to time of launch of LARS, however the degree of customization planned and carried out reassured us about the effectiveness of LARS. Further, difficulties constantly faced were ironed out by the E Trends team promptly and efficiently. The audit team, management and auditees have expressed their satisfaction in working with LARS
LARS has been useful in the following ways:
The support service provided after launch was good which helped us to stabilize the process. Additional features added later based on our suggestions also contributed in making the internal audit process robust. The support portal of LARS is also a good tool which gives a status of open and closed issues. Further add-ons like self assessment checklists, exception reports etc. which are being discussed would make LARS an effective management tool.
I would definitely recommend LARS because the Service rendered was professional with clear understanding of concepts and customization to our requirements.
The E Trends team was very co-operative and problems pointed out were resolved promptly.
Also the features of LARS (which were more or less to our expectations) and the pricing which was reasonable."
“With help of LLCS from Etrends, we are now able to meet compliances much more effectively. It has saved 55-60% of the top and middle management time. It has made our compliance management process extremely simple and efficient. The implementation of the tool was done smoothly by Manesh and his team.
LLCS is very simple and robust tool which I would highly recommend.”
“Air Niugini was hunting for a comprehensive Internal Audit Software since last couple of years and the search came to and end when one of my friend who was actual user of LARS system recommended me for the same. Today I see that our decision of engaging “Etrends Technologies (INDIA)” in implementing Laser Audit Reporting System for conducting Internal Audits in our company has proved to be wise.
Now we cannot imagine ourselves working without it. It has brought a process in place for each and every activity of internal audits. It has resulted in efficient audit, real time visibility in the progress of remediation plans to fill gaps in the controls and automated reminder, escalation and tracking of action plan. It brings everyone involved in the audit on a common platform. Audit plans, field work and observations are created easily and efficiently. Dashboard saves time by pulling just the right information and showing it to us.
It has dramatically saved our time spent on preparing audit reports. It has reduced our work volumes by a significance degree, especially in data acquisition and summary reporting.
We look forward to extensive use of LARS in the coming years ahead.
The support provided by Etrends Team from INDIA was excellent, which helped us stabilize the process in our organization very fast.
I will highly recommend LARS a product of Etrends which is truly at par with any International product for Internal Audit Reporting System.”
“Laser Audit Reporting System (LARS), a product of Etrends has reduced our work volumes significantly in areas pertaining to data acquisition and summary reporting.
I still remember how the team was impacted by the overtimes and work pressure that was visible on the faces of my team as we drew closer to quarterly audit committee meetings. We have worked together in making the product to suit exactly to our requirement.
Now, LARS has dramatically reduced the manual work associated with Audit plans, data collection at the field, documenting observations and creating various Reports. The implementation has certainly made our team’s job simpler.”
“Shoppers Stop Ltd (SSL) group of companies, is in the department stores business, having retail stores presence pan India in different formats including Fashion, Food & Books. Our Internal Audit team usually faced challenges in collating information culled out of Internal Audit reports received in large numbers from across the chain, for presenting to the stakeholders; till the time we installed LASER Internal Audit reporting systems (LARS) two years ago.
LARS today provides us features to help analyze & pinpoint common process glitches across the chain as observed by our IA teams across the country. It also gave us the ability to remotely monitor Internal Audit project progress and closure. Moreover its provides an interface online with the Auditee, to seek their replies for all exceptions raised by the Internal Auditor’s.
LARS support team deserves kudos for providing us with exceptional support for this software; their proactive approach to hunt for improvements in the existing modules for new upgrades in the existing software is a great value add.
We also had the privilege to work with the LASER’s development team to develop the IFCS module for the Internal Audit profession in line with the requirements of the Companies Act 2013,named Laser Internal Control Manager’(LICM); this module has helped us in uploading our SSL Group’s Internal Controls documented and seek control self-assessment (CSA) from Business Process Owners for the same, backed by requisite evidence as well; This IFCS module also has features that allows benchmarking of Internal Control Framework to COSO 2013 framework as well. I highly recommend it as one of the most efficient and user friendly tool for managing & testing the IFCS controls as well as for all the Internal Audit projects of any organization."
“This is to place on record that the Compliance Management Software we have taken from your company is working well and we are very satisfied with the product. This is a very useful tool to keep track of all the compliance requirements that the modern day legal system demands. I’m sure as one of the pioneers in the field, you will improvise and add features to the product that will cater to a larger audience.
I would like to thank you for all the support and help extended by you and your team during the initial phases and subsequent implementation stage.
One aspect that I would specially like to mention is your personal involvement along with Mr. Prateek during the implementation stage but for which the CMS would not have gone live.
You have a long way to go and I wish your company all the success in your future endeavors."
“M/s Etrends Technologies Pvt. Ltd. (Etrends) has been associated with Capital First Limited (CFL) in the Project for implementing the Laser Audit Reporting System (LARS) within the Internal Audit function of the Company.
Etrends adopts a professional approach and displays good understanding of customers’ requirements. We are pleased with the hard work and determination of their entire team throughout the project and are satisfied with the overall quality of LARS implementation.
We look forward to extensive use of LARS for all internal audit assignments and achieve significant efficiency… It is the start of an exciting new era for the internal audit team at CFL and we expect the same support and co-operation from the Etrends’ team in the future.”
“The Etrends Laser Enterprise Risk Management System Launched in our organization has been appreciated by the stakeholders as it is customized based on the requirement of the organization.
The Etrends team has co-operated well in ensuring that the customization of the software is to the requirement of our organization. The software facilities in many automated activities such as, survey facility, customized dashboard, auto e-mailers/reminders, tailor-made reports, etc., which otherwise would have been manually difficult and time consuming.
The entire project for implementation of the Risk Management System was the joint endeavor between our organization and the Etrends team, and they have demonstrated the quality of collaboration and full support to make it happen.
Certainly this software is useful to ensure robust tracking and managing Risk & Mitigation plans in any organization.
We expect the same support and co-operation from Etrends team in future.”
“I am happy to inform you that our decision of implementing Laser Audit Reporting System for conducting Internal Audits in our company has proved to be wise. It has resulted in efficient audit, real time visibility in the progress of remediation plans to fill gaps in the controls and tracking of action plan.
With the implementation of internal audit software we have transformed our manual process of internal audit to automated process. The Lars Internal Audit system has given us a new look to our traditional audit report format. The features of classification of audit observation in accordance with risk along with financial impact if any bring the attention of management easily while reviewing the audit response. The Dashboard saves our time by pulling just the right information and showing it to us.
The overall management of Lars system is good and project owner assigned by the Etrends was very supportive during the implementation phase. I highly recommend it as the most efficient and user friendly tool for managing the Internal Audits in the organization.”
"At BLUESTAR, we had prepared a Finance & Commercial Manual and identified Key controls. But monitoring adherence to these controls across various locations, functions & divisions was going to be a challenge due to multi-location, decentralized set-up.
When we had demo of LICM, we found the solution could be useful. We implemented LICM for Control Self Assurance with little customisation and it made life easy for both Internal control team as well as Users. MIS reports to Management on compliance to internal controls & guidelines became online. Tracking of Corrective actions become easier. We got excellent support for customisation and trouble shooting from E-Trends.
I would recommend LICM to other organisations also as tool for effective Internal Control."
I take this opportunity to put on record the excellent service provided by Compliance Management Software, implemented by your company Etrends at our end. With provision of automatic update facility, it has given complete comfort to all of us, by ensuring complete track of all statutory compliance requirements.
I must say that it is an excellent product an provide much needed assurance to senior management.
Wish you all the best and continued success in future projects.
Atul Ltd is a chemical conglomerate and one of the companies of Lalbhai Group, serving customers in National and International markets. Atul Ltd operates through six business divisions, namely Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers.Atul also has offices in The USA, The UK, Germany, China and Vietnam that service its international customers.
Risk Management is an integral part of the business practices of the Company. The Company has developed and implemented a comprehensive Risk Management System involving i) Risk identification and definition, ii) Risk classification, iii) Risk assessment and prioritization, iv) Risk mitigation and v) Risk reporting and monitoring.
We have now implemented Laser Enterprise Risk Management System (LERMS) for Enterprise Risk Management (ERM) at Atul.The software automates all five activities mentioned above. Features such as surveys, Dash-boards, auto e-mailers and reminders bring ease, efficiency and effectiveness in the system compared to manual system.LERMS has enabled us to bring in uniformity in ERM records maintenance across various businesses and automate the earlier time consuming manual process.
Software was well accepted and appreciated by all the users and Management. The need for customization was minimal. E-trends team ensured that the implementation of the software is seamless to the requirement of our organization. We feel LERMS to be useful to the companies to comply with Risk Management requirements by ensuring robust tracking, managing risks and mitigation plans.
Overall our experience about the system, implementation and training support was highly satisfactory.
After implementing the LARS software I feel in full control of the Audit function. Time saving, speed and operational efficiency in the entire group is what we have achieved.
I like the following benefits the most:
1) Saving in time and effort: Earlier we were spending lot of time in compiling observations in Excel for following-up implementation. Now it is readily available in LARS.
2) Because of LARS now there is a lot more auditees have been involved, resulting into speedier action plan updating and finally resulting into increase in operational efficiency by implementing audit recommendations.
3) Auto follow-up of implementation of audit observations feature of LARS is very good.
4) Excellent support from LARS team.
The way we follow-up the implementation of audit observations is different than what has been generally followed in Indian companies, because of this there is lot of customization is required. However, due to very good support customization is happening as we want. Except some teething problems and some more customization is yet to be done, we are satisfied with the product.
LARS is one of the best audit management tool
The tool is user friendly and the master setup feature is quite easy. The team at backend is technically competent and hence customizations are easy and can be timely implemented. Tool has an excellent workflow audit management system and allows data / information repository with a vide range of data type, including emails. The tool enables audit workflow to be managed either in online or offline mode which can be helpful sometimes. Licensing is based on count of auditors rather than on count of users / auditee and hence it becomes competitively priced wherein manpower count is quite large. Bulk data import is feature is available. Most of the output is available for export in excel format from the tool. Alerts and notifications are inbuilt and can be enabled / disabled as per requirement.