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Compliance audits with ex:plore

Easily verify compliance with intelligent software

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Automate compliance audits with intelligent technology

Compliance audits are systematic reviews designed to ensure that companies or organizations are complying with applicable laws, regulations, standards, and internal policies. These audits are typically conducted by internal or external auditors and can focus on different areas depending on an organization's specific compliance needs.

 

Banks, insurance companies, investment firms, hospitals, medical facilities, pharmaceutical companies, food and beverage manufacturers, distributors and retailers, and many, many more: the list goes on and on. Compliance audits come into play in almost every industry.

 

The ex:plore audit software greatly simplifies the compliance audit process and checks compliance with relevant regulations across the board. Efficient processing and analysis of large amounts of data in complex, decentralized corporate structures and flexible adaptation to legal changes are just some of the advantages of using the software. Learn more and schedule a free online demo with our experts.

Automate Compliance Audits with Software

Benefits of using ex:plore to audit compliance

Regulatory compliance

ex:plore helps to better understand, monitor and adhere to compliance policies and regulations. By automating compliance checks and integrating current regulations, the software helps to minimize the risk of non-compliance and protect the company from legal consequences.

Increase
efficiency

ex:plore automates recurring tasks and processes in the compliance audit process, resulting in time savings and more efficient use of resources. Automation means that audits can be completed faster without compromising quality.

Data integrity and security

ex:plore provides features for secure storage and transmission of sensitive audit data, increasing data integrity and security. By centrally storing audit data and documents, the software also enables better organization and management of audits, reducing the risk of data loss or manipulation.

5 reasons for compliance audits with ex:plore

01

Automate auditing processes

Compliance audits are often time-consuming and error-prone. ex:plore automates the entire audit process, from planning to execution and reporting. This saves time and minimizes human error. In addition, intelligent follow-up measures promote the continuous improvement of compliance within the company.

02

Pre-defined templates and checklists

ex:plore offers an integrated compliance library that contains relevant regulations and standards for different industries and regions. Changes are continuously monitored and the audit processes are automatically updated accordingly. The templates can be flexibly adapted to internal regulations at any time.

03

Risk-based audit planning

ex:plore makes it possible to direct audit resources to the areas with the highest risk of nonconformities. This makes more efficient use of limited resources and improves early risk assessment. This helps to avoid legal problems, limit reputational damage and strengthen trust in the company.

04

Real-time dashboard and reporting

Changing, extensive compliance requirements and decentralized corporate structures must be comprehensively and flexibly mapped and analyzed. ex:plore provides real-time dashboards and reporting functions to track the progress of audits in real time and gain immediate insight into compliance status.

05

Management of documents and tracking

With its integrated document and tracking management, ex:plore supports companies in documenting their compliance activities in an audit-proof and transparent manner and ensures that relevant information can be viewed by stakeholders at any time. This way, everyone involved has an overview of the growing volume of audit data at all times.

Data protection & security are our cornerstones.

We have over 30 years experience & a global network.

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Trial ex:plore Audit Software

Our experts will be happy to show you how the software works.

What are the next steps after sending the form?

  1. After submitting the contact form, we usually get back to you the same day on business days.

  2. Next, we will schedule an online appointment together. We will clarify any open questions so that we can customize your demo.

  3. The demo will take place digitally with our experts on the agreed date.

Compliance: Industry-specific application examples

Depending on the size, structure and industry of an organization, compliance audits often have different focuses and challenges. The following industry-specific application examples from the financial and healthcare sectors are intended to illustrate the different requirements. From compliance with data protection guidelines and quality standards to anti-money laundering laws, product safety and employment law: with ex:plore, any number of regulations can be included in the audit and the focus can be set individually.

Compliance audits in the financial services sector

In the financial services sector, compliance audits are essential to ensure adherence to a wide range of regulations such as Basel III or MiFID II. ex:plore supports companies in this sector in performing automated audits of trading activities, risk management procedures and customer identification processes. In addition, the software helps to generate reports on regulatory requirements and to ensure that all legal requirements are met.

  • Basel III is an international banking framework developed by the Bank for International Settlements (BIS). It sets standards for banks in terms of capital requirements, liquidity and leverage in order to increase the stability of the financial system. Basel III has been implemented in stages and many countries have made their own implementations and adaptations.

  • MiFID II (Markets in Financial Instruments Directive II) is an EU directive that regulates the markets for financial instruments in the European Union (EU). It is designed to strengthen transparency, investor protection and market integrity. MiFID II came into force on January 3, 2018, and has significant implications for financial service providers in the EU and beyond.

Compliance audits in healthcare

In the healthcare sector, compliance with data protection and privacy regulations such as the EU General Data Protection Regulation (GDPR) is crucial. Consumer protection laws related to drug manufacturing are also relevant for compliance audits. ex:plore helps companies to verify that patient data is adequately protected, quality standards are met, and safety guidelines are followed. Potential vulnerabilities are clearly identified.

  • The EU's General Data Protection Regulation (GDPR) governs data protection and data processing in the European Union (EU), and also affects the healthcare sector. Companies must ensure that they process and protect patients' personal data in accordance with the provisions of the GDPR.

  • Quality management standards, such as DIN EN ISO 9001 for quality management systems, are relevant for companies in the healthcare sector to ensure and improve the quality of their products and services.

  • The German Medicines Act (AMG) regulates the approval, manufacture, distribution and monitoring of medicines in Germany. Companies must ensure that they comply with the requirements of the AMG to ensure the safety and efficacy of their products.

ESG criteria in compliance audits

Integrating sustainability issues for the financial sector and healthcare

In both the financial and healthcare sectors, sustainability and environmental protection are becoming increasingly important in compliance audits. Organizations need to ensure that they are complying with environmental regulations and promoting sustainable business practices. Compliance audits are increasingly assessing environmental aspects such as energy efficiency, waste management and CO2 emissions.

 

Investors and financial institutions have recognized that environmental and social risks have a direct impact on a company's financial performance. Compliance audits ensure that companies are complying with environmental laws, implementing sustainable practices, and adequately addressing risks related to pollution, climate change, or social inequality. In addition, regulatory requirements and growing consumer demand for ethical investments suggest an increased focus on sustainability in compliance audits in the financial sector.

In the healthcare sector, sustainability is also a growing focus for compliance audits. The healthcare industry faces challenges such as increasing resource consumption, growing medical waste, and the need to reduce its environmental footprint. Compliance audits play a critical role in ensuring that healthcare facilities and pharmaceutical companies comply with environmental regulations, improve waste management practices, and promote green initiatives. In addition, the COVID-19 pandemic has raised awareness of the vulnerability of public health and the links between environmental degradation and the spread of disease, further emphasizing the importance of environmental protection measures in the healthcare sector.

In both sectors, incorporating sustainability and environmental protection into compliance audits is not only an ethical obligation, but also a business necessity. Companies and organizations that fail to comply with environmental regulations or neglect sustainability practices increasingly face legal, financial and reputational risks. As a result, integrating sustainability into compliance audits is becoming an integral part of many organizations' risk management and long-term business strategy.

Using the platform in other areas

ex:plore not only automates your compliance audits, but also supports you in many other areas, such as controlling your supply chains and business processes, real estate valuations or franchise audits. The following use case overview illustrates the versatility of the audit software.

ex:plore is versatile: Get to know more use cases

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