x
BarnOwl is a flexible solution and provides numerous parameter settings. These can be configured to meet the needs of your organisation.

x
Multi-hierarchical organisational structure can be captured into the system and maintained as required.

x
BarnOwl enables a centralised library of processes, risks, controls, policies and procedures to be maintained and published (applied) to the relevant areas of the organisation in support of common processes, risks, controls etc. across your organisation encouraging standardisation.

x
BarnOwl enables users to capture objectives, risks, controls and contributing factors with ease including quick ‘search’ functionality. These items can be linked including the linking to ‘parent’ items for the purposes of reassessment and reporting.

x
BarnOwl key indicator (KI) functionality allows KIs to be captured against risks (KRI’s), controls (KCI’s) and / or objectives (KPI’s). Pervasive KI’s can be captured, and thresholds can be set per business unit. In addition, BarnOwl provides a KI web service for integration to live systems, which allows ‘real-time’ monitoring of your risk environment. KIs trigger the reassessment of the control, risk or objective they are linked to, thus providing early warning of a changing risk environment.

x
BarnOwl Lite facilitates the input of KI values via a web-based portal, allowing key indicator owners to capture ‘live’ values.

x
Various KRI, KPI and KCI reports are available, showing actual values versus thresholds, as well as trends over time.

x
Action plans are central to the system and facilitate ownership of actions and ongoing monitoring. Action plans can be captured from all modules (Risk Management, Compliance, Audit, and from web-based Surveys / Checklists).

x
Action plans can be updated online via BarnOwl’s web-based action plan portal by the owners of the action plans. Notifications, reminders and escalation emails are sent out automatically by the system to the relevant owners / managers of action plans. The web-based portal is freely available to all users within your organisation at no additional cost.

x
Enables a risk champion to setup of objective, risk and control self-assessment voting templates and send them out to participants via email with a link to the ‘vote’. Voting results can be tracked so that the status of the voting can be assessed. The risk management module can be automatically updated with the voting results.

x
The web-based voting portal enables anonymous voting to be conducted supporting the ongoing assessment of risk readiness, objectives, risks, and controls.

x
The BarnOwl incident management functionality allows any type of incident and / or loss event to be captured against a business unit or risk by category / sub category. Incidents can be analysed across the organisation by category / sub category over time.

x
Incident reports allow for reporting on any incident information across your organisation.

x
Report listings and aggregated reporting can be generated for a selection of business units.

x
Report information is limited based on user permissions at the various levels of the organisational structure.

x
BarnOwl allows for flexible drag and drop, filtering, sorting of all registers (objective, risk, control etc.). Data in these views can be exported directly into Excel or Word.

x
Charts within the Drill-down Dashboard can be selected per user based on user preference. The charts on the dashboard allow the user a quick overview of the key elements of the risk universe relevant to them.

x
The BarnOwl moderation functionality provides a user friendly interface for the capture and maintenance of the risk register (capture / edit / delete risks, controls, contributing factors and action plans) by a risk owner in a ‘non-live’ environment. Risk register changes can be approved / moderated by a manager before updating into BarnOwl ‘live’ registers.

x
The user can perform full maintenance (capture, edit, delete etc.) of the risk registers in a ‘non-live’ environment. The changes to the registers need to be approved by a manager before being committed to the ‘live’ database.

x
The BarnOwl workshop module facilitates risk identification and assessment in a highly effective manner. Easy lookup of risk libraries, interactive keypad voting and graphical reporting on the fly, makes it easy to conduct workshops.

x
BarnOwl allows a compliance officer to import acts (supplied by them or a 3rd party compliance content provider) in checklist format and / or CRMPs (Compliance Risk Management Plans) and facilitates automated changes and updates to regulations. Acts with provisions can be applied to the areas in the organisation where they are relevant and can be rated according to their seriousness and likelihood.

x
Compliance Risk Management Plans (CRMP) can be generated automatically by the system and rated in terms of impact and likelihood.

x
Compliance checklists can be setup / imported (from Excel) and emailed to compliance officers / recipients at various levels of the organisation for them to complete the checklist online.

x
A compliance questionnaire link is automatically emailed to the recipients of the survey for each recipient to complete the checklist online (via BarnOwl’s web-based checklists portal which is freely available to all users in your organisation).

x
An aggregated and comprehensive report can be generated. The compliance ratings per business unit with drill down into category, sub category and each compliance question.

x
BarnOwl is one of the few software solutions on the market which provides a single, fully integrated enterprise risk management and audit solution in support of true risk and control based auditing. BarnOwl’s Audit module is aligned with the IPPF (International Professional Practice Framework) audit standards. BarnOwl’s audit module is highly configurable to accommodate your existing audit methodology and processes including support for risk and control based auditing, forensic auditing, ad hoc audits etc.

x

• Audit universe planning and dashboards.
• BarnOwl provides extensive audit planning functionality including the scheduling and planning of staff on engagements, allowing setup of an annual plan based on any combination of business units, processes, tasks, risks, etc.
• Create an audit project from an audit plan or directly from processes and/or the organisational structure.
• Select the relevant Project File Organiser (PFO) template and audit programme/s.
• Select the relevant risks and controls to audit (automatically made available from the risk management module).
• Update project detail registers (task, resource, planned hour allocations).

x

• Execute the audit based on the Project File Organiser (PFO) / audit programme/s
• Complete control adequacy testing and rating.
• Complete effectiveness testing including audit procedures and sample testing.
• Attach evidence.
• Update control effectiveness rating.
• Capture findings / recommendations. Standard findings can be generated automatically by BarnOwl based on sample data failing the audit tests.
• Import management comments on findings.
• Capture action plans.
• Capture audit risk assessment ratings.
• Review audit work using the PFO or per audit objective.
• Rate the audit objective/s.
• Capture review notes.
• Clear review notes.

x

• Generate standard findings reports with action plans.
• Generate final audit reports in Word.

x
A consolidated audit committee report can be designed according to your specifications on implementation of BarnOwl. Dashboards showing aggregated data displayed as various chart options, with full drill down capability can be exported to Word.

x
Comprehensive drill down dashboard for risk management including risk, controls, KPI’s KRI’s.

x
Comprehensive drill down dashboards for incident management.

x
Comprehensive drill down dashboards for audit findings.

x
Comprehensive drill down dashboards for audit projects.

x
Comprehensive drill down dashboards for key risk indicators.