BarnOwl embeds best practice methodologies and standards, ensuring easy and practical implementation by the users. Being a flexible GRC software solution, BarnOwl allows you the user to configure the software to suit your frameworks without any programmer intervention. The custom reporting and powerful charting and global registers enable the user to analyse information in the way they wish to see it.
For every industry, no matter the size of the business, BarnOwl is the ultimate GRC software solution to assist you in the achievement of your strategic goals with a high degree of confidence.
BarnOwl is one of the few software solutions on the market that provides a single, fully integrated governance, risk management, compliance and audit solution. Since 2001, BarnOwl has been implemented and used by over 200 blue chip companies and public sector departments both nationally and internationally.
BarnOwl is the preferred risk management solution for the South African public sector endorsed by the OAG (Office of the Accounting General).
Being a locally developed, owned and supported software solution, BarnOwl guarantees superior product support as well as on-going product development to meet local requirements.
BarnOwl facilitates the ERM process and gives management and staff at every level the ability to identify, assess, manage, monitor and report on risks, determine priorities and assess the adequacy and effectiveness of controls as well as the ability to mitigate downside risks or realise upside risk opportunities.
BarnOwl was designed by local and international risk management, internal control and internal audit specialists who ensure that best practice methodologies and frameworks are, and continue to be, supported by the solution. Based on universally accepted best-practice methodology, BarnOwl enables organisations to adopt and be compliant with frameworks such as COSO, CoCo, ISO 31000, King Codes III, AS/NZS 4360, Sarbanes-Oxley (SOX), Turnbull and internal audit standards such as the IIA and IPPF standards. BarnOwl supports the National Treasury Risk Management Framework and has been customised for the public sector environment under the guidance and direction of the OAG.
The BarnOwl Risk Management module facilitates:
The BarnOwl compliance module enables you to manage your regulatory universe by rating and monitoring compliance to the acts, regulations and provisions at every level of your organisation, where applicable.
Compliance legislation from third party content providers such as Lexis Nexis and iThemba (primary source Sabinet) is fully integrated with the BarnOwl compliance module, giving you access to all the legislation (acts, regulations and provisions) as well as updates to the legislation. The BarnOwl compliance module supports best practice frameworks as set out in the Compliance Institutes handbook.
BarnOwl facilitates compliance through the automatic generation of compliance risk management plans (CRMPs) and compliance checklists which can be maintained and completed online by the relevant compliance officer(s) and business owners (i.e. continuous compliance self-assessments). BarnOwl will enable the group compliance function to conduct independent compliance audits, compliance monitoring, as well as reporting both to Exco and the Board. Online action plans are sent out automatically by the system to the relevant owners responsible for addressing non-compliance ensuring effective compliance monitoring and remedial action.
The BarnOwl Compliance module allows you to:
BarnOwl supports the full internal audit life cycle (planning, execution, reporting, monitoring, follow-up audits) in line with best practice standards such as the IPPF (International professional Practice Framework) and facilitates the tracking of audit findings. BarnOwl supports true risk and control based auditing ensuring that risks that matter to the organisation are audited and that the results are updated back into risk management.
The BarnOwl audit module provides:
BarnOwl provides extensive reporting capabilities, generating flexible, system-wide reporting across your risk management, compliance and audit universe.
BarnOwl’s standard reporting functionality provides:
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.