The key highlight for me was the dedication and willingness with which the staff of BarnOwl has assisted us to implement the software and to adapt it to our specific needs and systems.
We had to find a solution that would not only cater for the needs of Internal Audit, but also address Risk Management, Quality Management, Health & Safety and Environmental Management in one. A solution that would provide an overall picture of risk and compliance without duplication of efforts.
We are using the Risk Management and Internal Audit modules. The interface between Risk Management and the Internal Audit modules makes BarnOwl the perfect solution for our needs. A further benefit was the user-friendliness of the software.
Since the implementation of BarnOwl the standard of recording of audit work papers, audit procedures and audit findings has shown significant improvement. BarnOwl has assisted us in adopting a more uniform and consistent way for recording, keeping records and information. It has also improved the daily management and recording of all audit activities.
BarnOwl Team interaction:
Ten years ago Our business required a formal process to Risk Management. Something that would not only provide all elements of risk but that would also guide us in the process. Affordability also had to be considered and BarnOwl was the answer!
We found BarnOwl to be affordable in comparison to other solutions available on the market. A key requirement for us was that it had to integrate Risk Management with Internal Audit, which it did. BarnOwl, was also the closest solution which met the requirements of COSO and ISO 31000.
You cannot help but feel like you have real friends in the BarnOwl team – from chats with Jonathan and Warrick at industry/professional forums, to being asked to join Marlene to bead for Kids in Need (a CSR initiative), to always getting really great service from Christo and the team at the Helpdesk, and many others – every interaction with someone at BarnOwl is pleasant. Everyone is absolutely passionate about providing an exceptional product and really good service – and they do.
The Internal Audit Unit at Mercantile Bank had been working on Microsoft Office Word and Excel and compiling huge physical audit files. In addition, it was a constant struggle to track the status of audit findings. We needed a solution that would enable us to apply our methodology consistently, conduct our audits more effectively, and help us track audit findings proactively.
We were looking for a tool that would enable the Internal Audit Unit to integrate more effectively with the Bank’s Risk Management function; that would enforce consistent application of our methodology that would help us run our audits more efficiently, and that would help us track the status of audit findings. We chose BarnOwl (ERM and Internal Audit Modules) because we believed that it was the best fit for our requirements and it was cost-efficient for our small Internal Audit Unit to maintain into the future.
BarnOwl Risk Management software helps you achieve your strategic objectives and enables a culture of risk planning and control with accountability and ownership throughout your organisation. Continual monitoring of your risk universe gives you comfort and confidence in managing your business.
BarnOwl Compliance software allows you to import the various acts, legislation, policies and procedures that you are required to comply with, link these to associated risks and monitor compliance. This facilitates regulatory compliance and director protection.
BarnOwl Audit software supports any type of audit methodology including risk and control based auditing in support of best practice standards, ensuring that the key risks in your organisation are audited. BarnOwl facilitates all phases of auditing from planning through to reporting with advanced online and offline execution.