Managing risk plays an important role in every organization across every industry. Whether it’s providing a safe working environment for employees, optimizing supplier management or boosting asset performance. Unfortunately, things do occasionally go wrong and the human, commercial and reputational repercussions can be devastating.
The CEO of AuditComply Kevin Donaghy, is witnessing a shift in the approach to risk management as enterprises are beginning to realize the importance of a fully centralized and integrated risk solution; rather than the traditional modular approach provided by many of its competitors and other IRM vendors. It is critical for businesses to have complete cross-departmental collaboration to fully understand their complete risk profile, connecting all audit, quality, regulatory compliance and risk management activities. This is where AuditComply plays an important role. Providing a holistic solution through functions such as asset repositories, templates builders with customizable workflows, bespoke scoring/grading functionality and risk matrices. This enables organizations to conduct audits and live risk assessments to ensure corporate and supplier governance. AuditComply’s risk-based asset reporting and analytics empower enterprises to make better decisions by providing real-time visibility across the corporate landscape.
Serving Clients a Truly Comprehensive Risk Solution
Established in 2014, AuditComply is an Enterprise Risk Management (ERM) platform, revolutionizing the way enterprises manage, analyze and report on critical risk across their asset portfolio. Since its inception, the company has transformed traditional risk, audit and quality programs; optimizing how organizations manage and report on critical risk in real-time. It operates in highly regulated industries such as Automotive, Food & Beverage, Oil & Gas, Manufacturing and Finance, with key fortune 1000 clients situated throughout the UK, EU, US, Middle East, and the Asia Pacific regions. Furthermore, AuditComply has optimized Regulatory Compliance for EHS, Quality, Supplier Management and Risk programs for all its customers.
Unleashing People’s Potential & Driving Customer Success
Corporate culture and skilled teams play a significant role in defining the company’s internal and external identity. AuditComply has developed a workplace environment where the whole team has a collective vision and goal for the company, they understand the value of their contribution, helping build something that truly impacts people’s lives. The company strives to magnify the strengths of people, unleashing the flow of communication and letting people be themselves; this is important.
Furthermore, customer satisfaction is the driving force behind AuditComply and is rooted in its core beliefs, strategy and vision. From the software developers to the CEO, every team member lives the core values of AuditComply. The company continues to hold itself to the highest standards by providing customers with the most comprehensive ERM platform on the market. Ensuring that they are getting the most out of their Risk, Compliance and Quality data.
Addressing The Industry’s Needs
AuditComply is starting to see more competitors enter this market as enterprises begin to realize the importance of having an Enterprise Risk Management platform. Their main competitors are those who offer large on-premise bespoke systems, for example SAP, Metricstream or Intelex. However, implementing an on-premise system means long rollout and deployment cycles including further development, which can be expensive in the long term. This is why large enterprises end up losing the ability to manage consistently across their assets, at scale. AuditComply operates a Software as a Service (SaaS) mode. Allowing the platform to be deployed quickly and adapted for today’s ever-changing landscape, without the need for software vendor intervention. Enterprises operating in regulated industries face constant challenges to demonstrate compliance, manage and mitigate risk while maintaining or exceeding quality levels. They are driven by this opportunity and challenge – one that we have a truly innovative solution for. AuditComply can and will shape the future of risk management by adding value to the client’s enterprise from day one.
A Leader With Great Experience
Kevin started his career with WPDS in San Diego as a software engineer focused on Equipment Configuration Management systems for air forces across the globe, quickly progressing to run multiple teams for Spirent Communications both in Ireland and the US. He has steered teams and companies from the earliest stages of development through commercialization and hyper-growth phases. Before founding AuditComply, he established two companies Swan Labs and Replify. He has also worked for companies such as Blue Coat Systems on mobile optimization strategy and multiple projects from mobility, security and virtualization to online GRCl platforms.
Furthermore, Kevin shares his views on restarting his career. He states, “I wouldn’t change anything, integrated risk and asset management are the future. Let’s take a look at recent events such as COVID-19 or the Boeing 737 max crisis. If any enterprise is going to survive in today’s climate they need to understand the importance of having the right risk management programs and tools in place.”
Increased Need For Comprehensive Risk Management
CEO Kevin believes that the recent COVID-19 pandemic brought the need for IRM solutions to the forefront of everyone’s mind. Requiring organizations to switch from the static, paper-based risk assessment process to a framework that can provide real-time risk data across their entire asset portfolio. He also believes that when an organization is equipped with the ability to measure risk and utilize that to make decisions reflective of their business requirements and tolerance levels. They are no longer just controlling their risk but identifying possible opportunities.
Roadmap Ahead
Presently, AuditComply is used by thousands of people across the world every day to protect employees, mitigate supply chain risk, improve quality and drive regulatory compliance. With the industry’s most user-friendly ERM platform, the users drive productivity and value. In the next 5 years, AuditComply will continue to witness rapid growth and development, using its experience with key clients to develop the solution even further. To meet the ever-changing demands of today’s market, the company is always investing heavily in R&D, developing its system into the most flexible and scalable platform.
