Safe Systems Launches Audit and Exam Management Application for Community Banks, Credit Unions
New application offers better way for banks to manage regulatory review process
Alpharetta, Ga., October 2, 2017 – Safe Systems, a national provider of fully-compliant IT and security services for community banks and credit unions, today announced the availability of its new Audit Trail™ audit and exam management application.
The Audit Trail application is designed to help financial institutions efficiently monitor and manage the audit and exam review process by providing a centralized place to store information critical to audits, exams, assessments, and reviews to easily submit pre-documentation and post-finding responses.
When regulatory agencies request a review of a financial institution, Audit Trail allows bankers to better manage the initial request list by streamlining the data for submission. The financial institution is able to upload required items into the application and auto populate the information where needed through Audit Trail’s customizable field-mapping function. The application also allows banks and credit unions to pull reports and information directly from a variety of Safe Systems services and applications accessed through the company’s customer portal, theSafe®.
Audit Trail also eliminates the burden of having one individual in charge of gathering the documents and reports required to prepare for a review and address review findings. The application allows bank staff to assign and track exam and audit activities to ensure every team member is kept updated on each step of the review process throughout the year. Audit Trail’s central library also helps reduce repetitive tasks by allowing bank staff to easily access and attach commonly used documents to the appropriate review.
“Banks and credit unions must prepare for multiple exams, audits, and assessments throughout the year that require detailed reporting and prompt responses from management to ensure all issues are addressed,” said Darren Bridges, president of Safe Systems. “To assist financial institutions with this complex process, we developed an audit and exam management application, Audit Trail, to guide them through the pre- and post-assessment process, provide accurate information to each reviewing agent, and successfully meet all regulatory requirements.”
About Safe Systems
Safe Systems was founded in 1993 to provide compliance-centric IT and security solutions exclusively to financial institutions. The company has become one of the leaders in the industry, managing hundreds of financial institutions representing more than $61 billion in combined assets, 1,100 locations and more than 20,000 network devices. Safe Systems’ IT network management services are the bridge between the core and other third-party applications. These cost effective solutions include IT support and managed services, internal network/cloud design and installation, hosted email, business continuity and disaster recovery, compliance consulting, security services, and IT and compliance training. Safe Systems helps financial institutions to significantly decrease costs, increase performance, and improve their compliance posture. For additional information about Safe Systems, Inc., please visit www.safesystems.com or call 877.752.0550.