Audit Management service (AMS)

Current Challenges Given these challenges the HR department often spends a disproportionate amount of time on auditing and
verifying the documents submitted by the vendors, rather than focusing on Core HR functions.

People-dependent and extensively based on manual work.

Inconsistent and non-standard quality

Email is still being used for action plans and risk tracking.

Document storage is not centralized or well organized.

Inefficient and prone to mistakes

Keeping up with changing regulations

Life-Cycle of AMS+: Vendor/contractor compliance aids major employers in lowering compliance risks, increasing transparency and visibility, and enhancing control and oversight over contractors. Most of the time, the principal employer is responsible for any non-compliance on the part of its contractor or subcontractor. Ricago AMS+ aims at easing the burden on the internal HR teams, by deploying the subject expert team to validate and co-ordinate with the vendor to complete the audits and maintain the compliance health. This process is backed by the tech enabled AMS, which gives a real time status report to the client

ricago will handle every aspect of your vendor audits, from planning to follow-up, verification and closure. With ricago’s comprehensive solution, client will have complete visibility into vendor's compliance and performance.AMS+ service includes planning and scheduling vendor audits, conducting on-site audits, managing audit findings and follow-up actions, and maintaining records of vendor audits. The aim is to ensure that vendors and suppliers are meeting the organization's standards for quality, safety, and compliance, and to identify and mitigate any potential risks.

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Supreme Transparency

With a robust user interface and role-based entitlement, you may access it from anywhere, at any time.

Real-Time Audit

Effective dashboards with drill-down functionality for managing timely escalations, audit tracking and management, and audit items.

Highly Organized

Workflow-enabled audit item assignments, execution, and review, with the possibility to save all reviews and comments in the event chronology.

Accurate and Simple Audit

Ricago allows auditors to specify the necessary checkpoints for each auditing segment, resulting in more efficient and precise audits.

CASE STUDIES

AUTOMATING THE COMPLIANCE MANAGEMENT FOR A MANUFACTURING CONGLOMERATE

Complexity of managing organization compliances across multiple legal entities/ locations/ geographies and business functions. Dynamic regulatory requirements make the process more complex, Email/excel/file share mechanisms are not collaborative and adequate andAudits or Regulatory Notices require immediate retrieval of evidences. Increased risk to Directors/CXOs/Promoters and Organization’s Brand.

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FAQ

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1. What does RICAGO do?

RICAGO provides Governance, Risk, and Compliance (GRC) solutions that help enterprises manage regulatory, contractual, and internal compliance through a centralized and automated platform.

2. What type of compliance solutions does RICAGO offer?

RICAGO offers solutions for regulatory compliance, labour law compliance, contract obligation management, GST compliance, and internal policy compliance, helping organizations stay audit-ready.

AMS+

Find out about how our services can be integrated into your business

AUTOMATING THE COMPLIANCE MANAGEMENT FOR A MANUFACTURING CONGLOMERATE

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