Internal Controls Software
Strengthen the way your organization designs, documents, monitors, and improves internal controls with centralized software. LaserGRC helps teams maintain control frameworks, connect controls to risks and obligations, coordinate testing, track deficiencies, manage remediation, and maintain a clear record of control performance across business functions.
What this solves for internal control teams
Disconnected Control Documentation
Bring control descriptions, ownership details, supporting evidence, and related risk information into one structured environment instead of maintaining fragmented records across spreadsheets and documents.
Inconsistent Control Monitoring
Create repeatable processes for reviewing control effectiveness, recording test results, identifying exceptions, and following up on areas that require additional attention.
Unclear Control Ownership
Assign responsibility for individual controls, testing activities, corrective actions, and approvals so stakeholders understand their roles throughout the control lifecycle.
Limited Visibility Into Control Gaps
Give risk, compliance, audit, and management teams a clearer view of control weaknesses, overdue actions, recurring deficiencies, and remediation progress.
Internal Control Frameworks
Organize control structures, objectives, categories, owners, and supporting documentation within a centralized framework.
Risk-to-Control Mapping
Connect identified risks with the controls designed to mitigate them, helping teams understand where control coverage exists and where gaps may remain.
Control Testing & Assessments
Coordinate control reviews, evaluations, testing activities, evidence collection, and assessment outcomes using consistent workflows.
Control Deficiency Management
Capture exceptions and control deficiencies, document their impact, assign responsible parties, and track corrective measures through completion.
Evidence & Documentation
Maintain supporting records associated with controls, assessments, testing activities, approvals, and remediation efforts for easier review and reference.
Control Reporting & Oversight
Generate a consolidated view of control status, testing outcomes, open issues, ownership, and remediation activity to support informed oversight.
A structured approach to internal control management
Assess Control Requirements
Review existing control frameworks, processes, ownership models, risks, testing practices, and reporting requirements.
Structure the Control Framework
Configure control categories, relationships, responsibilities, assessment criteria, and other elements needed for organized control management.
Consolidate Control Information
Bring relevant control records, documentation, risk relationships, evidence, and historical information into the centralized environment.
Configure Control Workflows
Establish workflows for assessments, testing, approvals, exception handling, remediation, and ongoing control reviews.
Validate Control Operations
Test configured workflows and reporting processes to confirm that control activities align with operational and governance requirements.
Optimize Ongoing Control Management
Use reporting, review cycles, and operational feedback to refine control processes and improve the effectiveness of the internal control program.
FAQs
(Frequently Asked Questions)
What is internal controls software?
Internal controls software is a centralized solution for documenting, organizing, assessing, testing, monitoring, and improving an organization's internal controls. It can connect controls with risks, responsibilities, evidence, findings, and remediation activities.
Who uses internal controls software?
Internal audit, risk management, compliance, finance, governance, and control owners can use internal controls software to coordinate control-related activities and maintain visibility across the organization.
Can internal controls software support control testing?
Yes. A GRC platform can support structured control testing by coordinating review activities, assigning responsibilities, collecting evidence, recording results, and tracking identified exceptions or deficiencies.
Does internal controls software help manage control deficiencies?
Yes. LaserGRC can help teams document control deficiencies, assign corrective actions, establish deadlines, monitor remediation progress, and maintain records of resolution.
How does LaserGRC support internal control management?
LaserGRC provides a centralized environment for organizing controls, linking them with risks and requirements, coordinating assessments, managing evidence and deficiencies, tracking remediation, and reporting on control-related activities.
Move beyond fragmented control records and disconnected follow-up activities with a centralized approach to internal controls. LaserGRC helps organizations coordinate control ownership, assessments, evidence, deficiencies, remediation, and oversight within a connected GRC environment.
