Uniqus Consultech Unveils Risk UniVerse to Help Companies Better Manage Internal Controls
13.11.2024 - 14:31:19
Business Wire India
Uniqus Consultech, a tech-enabled global platform that offers consulting solutions in the accounting & reporting, finance operations, governance, risk, and ESG domains, today announced the launch of Risk UniVerse, a product designed to meet the evolving needs of today’s regulatory and risk landscape. Risk UniVerse empowers organizations to simplify compliance and strengthen controls, while enhancing accountability, visibility and trust.
Risk UniVerse is built to help companies effectively manage their internal control programs across diverse regulatory frameworks and jurisdictions. This includes Internal Controls on Financial Reporting (ICOFR), Internal Financial Controls (IFC) and Sarbanes Oxley (SOX) requirements. With heightened scrutiny over financial reporting and internal controls, this platform offers centralized data, integrated workflows and real-time reporting to streamline audit readiness and compliance efforts. Interactive dashboards deliver a holistic view, making it easier for stakeholders to monitor compliance status and respond swiftly to emerging issues. Further, Risk UniVerse streamlines control testing procedures to ensure compliance. Finally, automation features reduce manual testing, speeding up the testing process and decreasing the time required for review.
“Risk UniVerse represents our commitment to change the way traditional services are provided by enabling them through technology, including AI,” said Jamil Khatri, Co-Founder & CEO of Uniqus. “The product has been built using the deep practical experience of our teams across hundreds of ICOFR and SOX projects thereby better reflecting the way internal control programs are run and managed by companies.”
He further added, “Risk UniVerse facilitates real-time reporting and analytics, enabling stakeholders to monitor compliance status effectively and respond swiftly to any issues. The product’s ability to streamline and enhance ongoing compliance requirements and providing centralized data and workflows, ensures accurate and consistent information for audit readiness while boosting visibility and stakeholder oversight through interactive dashboards, comprehensive audit trail and a collaborative environment.”
Key Features of Risk UniVerse include:
Flexible, Customizable Integration: Risk UniVerse offers a low-code interface, enabling businesses to configure and adapt the tool to their specific compliance needs. This flexibility allows for seamless integration into diverse client environments without compromising control or efficiency.
Automated Workflows: The tool simplifies compliance tasks by automating workflows, reducing bottlenecks, and enhancing accountability. Tasks are automatically assigned and tracked, providing a transparent view of progress across teams and eliminating redundancies.
Document Management System: Risk UniVerse provides a centralized repository for all ICOFR, IFC, and SOX documentation, policies, and evidence, ensuring access to the most current materials for testing, audits, and reviews. Teams can collaborate in real-time, promoting transparency and minimizing duplication.
Continuous Monitoring and Real-Time Reporting: With interactive and customisable dashboards, stakeholders can continuously monitor control performance and compliance, enabling timely issue resolution and ensuring that the organization remains audit ready.
Automated Testing Process: Risk UniVerse accelerates compliance testing by automating manual processes, reducing review time, and minimizing the risk of human error. This approach enhances efficiency and accuracy, especially for high-volume or complex testing scenarios.
For more information or to explore how this platform can streamline one's compliance needs, please visit www.uniqus.com/risk-universe.
Risk UniVerse is built to help companies effectively manage their internal control programs across diverse regulatory frameworks and jurisdictions. This includes Internal Controls on Financial Reporting (ICOFR), Internal Financial Controls (IFC) and Sarbanes Oxley (SOX) requirements. With heightened scrutiny over financial reporting and internal controls, this platform offers centralized data, integrated workflows and real-time reporting to streamline audit readiness and compliance efforts. Interactive dashboards deliver a holistic view, making it easier for stakeholders to monitor compliance status and respond swiftly to emerging issues. Further, Risk UniVerse streamlines control testing procedures to ensure compliance. Finally, automation features reduce manual testing, speeding up the testing process and decreasing the time required for review.
“Risk UniVerse represents our commitment to change the way traditional services are provided by enabling them through technology, including AI,” said Jamil Khatri, Co-Founder & CEO of Uniqus. “The product has been built using the deep practical experience of our teams across hundreds of ICOFR and SOX projects thereby better reflecting the way internal control programs are run and managed by companies.”
He further added, “Risk UniVerse facilitates real-time reporting and analytics, enabling stakeholders to monitor compliance status effectively and respond swiftly to any issues. The product’s ability to streamline and enhance ongoing compliance requirements and providing centralized data and workflows, ensures accurate and consistent information for audit readiness while boosting visibility and stakeholder oversight through interactive dashboards, comprehensive audit trail and a collaborative environment.”
Key Features of Risk UniVerse include:
Flexible, Customizable Integration: Risk UniVerse offers a low-code interface, enabling businesses to configure and adapt the tool to their specific compliance needs. This flexibility allows for seamless integration into diverse client environments without compromising control or efficiency.
Automated Workflows: The tool simplifies compliance tasks by automating workflows, reducing bottlenecks, and enhancing accountability. Tasks are automatically assigned and tracked, providing a transparent view of progress across teams and eliminating redundancies.
Document Management System: Risk UniVerse provides a centralized repository for all ICOFR, IFC, and SOX documentation, policies, and evidence, ensuring access to the most current materials for testing, audits, and reviews. Teams can collaborate in real-time, promoting transparency and minimizing duplication.
Continuous Monitoring and Real-Time Reporting: With interactive and customisable dashboards, stakeholders can continuously monitor control performance and compliance, enabling timely issue resolution and ensuring that the organization remains audit ready.
Automated Testing Process: Risk UniVerse accelerates compliance testing by automating manual processes, reducing review time, and minimizing the risk of human error. This approach enhances efficiency and accuracy, especially for high-volume or complex testing scenarios.
For more information or to explore how this platform can streamline one's compliance needs, please visit www.uniqus.com/risk-universe.
About Uniqus Consultech
Uniqus Consultech is a global tech-enabled consulting company that specializes in Accounting & Reporting, ESG and Tech Consulting. The Company is co-founded by consulting veterans Jamil Khatri and Sandip Khetan and backed by marquee investors such as Nexus Venture Partners, Sorin Investments, and other angel investors. Anu Chaudhary, a global ESG specialist with over 20 years of experience, serves as the Global Head of ESG. Abhijit Varma, a veteran technology specialist, leads Tech Consulting globally.
Uniqus has a global team of 500 professionals led by 50+ Partners & Directors across eleven offices in the US, Middle East and India. The company serves more than 200 clients, including marquee names such as HDFC Bank, Reliance Industries, Al Rajhi Group, Arab National Bank, The National Shipping Company of Saudi Arabia (Bahri), Burjeel Holding, Tawal, Flipkart, GE, and GAP.
Uniqus is committed to leveraging technology and an integrated global delivery model to provide best-in-class consulting services that drive measurable results and create long-term value for its clients.
For more information, please visit: www.uniqus.com
Stay connected with us on | Twitter | YouTube
Uniqus Consultech is a global tech-enabled consulting company that specializes in Accounting & Reporting, ESG and Tech Consulting. The Company is co-founded by consulting veterans Jamil Khatri and Sandip Khetan and backed by marquee investors such as Nexus Venture Partners, Sorin Investments, and other angel investors. Anu Chaudhary, a global ESG specialist with over 20 years of experience, serves as the Global Head of ESG. Abhijit Varma, a veteran technology specialist, leads Tech Consulting globally.
Uniqus has a global team of 500 professionals led by 50+ Partners & Directors across eleven offices in the US, Middle East and India. The company serves more than 200 clients, including marquee names such as HDFC Bank, Reliance Industries, Al Rajhi Group, Arab National Bank, The National Shipping Company of Saudi Arabia (Bahri), Burjeel Holding, Tawal, Flipkart, GE, and GAP.
Uniqus is committed to leveraging technology and an integrated global delivery model to provide best-in-class consulting services that drive measurable results and create long-term value for its clients.
For more information, please visit: www.uniqus.com
Stay connected with us on | Twitter | YouTube
