99 Cents Only Stores Chooses ACL(TM) GRC to Assess Risk
Audit Team Maximizes Efficiency and Collaboration with Cloud-Based Solution
VANCOUVER, British Columbia, July 23, 2013 /PRNewswire/ — ACL today announced that 99¢ Only Stores, a deep-discount retailer of brand-name merchandise, has selected ACL(TM) GRC as a solution to meet its risk management and audit needs. The company’s audit team chose ACL GRC in order to increase collaboration and apply best practices through an integrated system, replacing spreadsheets and shared drives.
Tom Rudenko recently joined 99¢ Only Stores as the company’s Director of Internal Audit and Chief Audit Executive. Rudenko, a longtime user of ACL’s data analytics solutions, needed to quickly build out the technological capabilities of the audit function for both strategic planning and day-to-day audit management.
“We selected ACL GRC for our internal audit management system from a number of leading solutions for several reasons,” said Rudenko. “This solution provided us with a very user-friendly, easily implemented approach to fully digitizing our audit process, including risk assessment, planning, workpapers, and reporting.”
Overall benefits of ACL GRC include increased collaboration and visibility among team members, the ability to more easily perform risk assessments and scoring, and ease of workflow adjustment as new issues and risks are identified.
“A key value that this organization is able to derive from ACL GRC is its immediate ability to solidify a cohesive audit team that can easily collaborate and work with better sightlines,” said Dan Zitting, VP of Product Management and Design at ACL. “By starting with a centralized system through use of ACL GRC, they will also be able to easily integrate analytics for data-driven risk assessment and evaluation of controls.”
To learn more about ACL GRC, visit www.acl.com/solutions/products/acl-grc/
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