Control Assurance, Built on ServiceNow
Nixora Group, in partnership with ServiceNow, specialises in risk management systems implementation and consulting.
Our offering includes the innovative Control Assurance app, utilizing our extensive expertise to provide first and second-line risk capabilities to perform comprehensive control testing, whilst providing valuable insights into control effectiveness.
Control Assurance empowers your organization with advanced strategies, positioning your business for success in a complex global environment.
Now available on the ServiceNow store!
What is Control Assurance?
Control Assurance encompasses the systematic and ongoing evaluation of the effectiveness of internal controls in meeting regulatory requirements and mitigating operational risks. However, these activities often rely on disparate spreadsheets, leading to issues in consistency and a lack of insights into control effectiveness.
With Control Assurance, standards for testing can be set at an enterprise level by Enterprise Risk, executed efficiently by control testing teams — providing management with valuable insights into control effectiveness.
We are committed to enhancing your risk practices with tailored, cutting-edge technologies that safeguard operations and ensure compliance.
Key Features of the Control Assurance App include:
- Standardised Testing Library: A Test Steps and Templates repository, ensuring uniformity and reusability across the enterprise.
- Dedicated Control Testing Workflow and Dashboards: Tailored workflows and dashboards designed for Test Managers and Control Testers facilitate coordination and monitoring and enable the transition from legacy processes and tooling.
- Enhanced Reporting Capabilities: Offering actionable insights into Control Effectiveness across your business, assisting in informed decision-making and strategic planning.
Cut costs while you improve risk and compliance outcomes
Our app streamlines control testing processes throughout your organization. It simplifies complex workflows, provides actionable insights, and allows for proactive risk mitigation, transforming how you manage business challenges efficiently and effectively.
