AUDIT

MANAGEMENT
P L AT F O R M
SIMS
V
PLAN – DO –CHECK - ACT
ABOUT SIMSA

SIMSA is a cloud-based SaaS platform of Operational

Governance involving:

• Operations Audit and Compliance

• Analytics and Risk Assessment

• Operational Excellence

enabling businesses to minimize risks and maximize

performance.
NEED FOR GOVERNANCE & RISK
MANAGEMENT

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Times of India 8 Oct 2019

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CHALLENGES IN INTERNAL AUDIT

Internal audit, critical for Sustained Growth & Business Continuity, is riddled with
long established manual processes and requires digital transformation

Audit Cost of In- End-to-end In-house Compliance

house Resource & audit competence and & Industry
Travel visibility record keeping Benchmarking

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 2. Schedule &
Assign Audits

1. Design
Questionnaire / 3. Conduct Audit
Checklist on Mobile Device

SIMSA PLAN DO

AUDIT 8. Track
Corrective
4. Take
Pictures
Actions Realtime
SOLUTION ACT CHECK

7. Plan Corrective 5. Analyze

Actions Performance

6. Analyze
Compliance Gaps
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KEY BENEFITS – SIMSA AUDIT PLATFORM

Paperless Integrated Tool

Audit schedule and checklist Proprietary planning algorithms Paperless audit conducted
created in the SIMSA to assign auditor as per audit and closed using SIMSA
requirements mobile App

Auditor Marketplace

Reduction in Audit 100% Real time Save overall audit Audit Trail and
time by 70% visibility costs by 50% Compliance
Workflow Automation

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INDUSTRY VARIANTS

Food & Beverages FMCG

Pharmaceuticals & Oil, Lubricants & Gas

Medical Devices

Chemicals Electronics

Automotive
Apparel & Retail

*Sector Agnostic SaaS Platform 7

SIMSA APPLICABILITY IN VALUE CHAIN

Modern Retail /
eCommerce

Inbound Factory Distribution General Trade Mom & Pop

Suppliers
Warehouse Network Distributors Retailers

*Sector Agnostic SaaS Platform 8

 Off-the Shelf e.g. Plan
Microsoft Excel In-house Tools
Functionalities Brothers / Teammate
Most commonly used. Only large MNCs; built to suit Tool + Customized Content
Background Requires lot of manual effort
Generic tool for any audit
company needs + Resources
Specific to a sector (not Operational & Internal
Segment Focus Segment Agnostic Segment Agnostic
customizable) Audit

Auditors Marketplace – Uberization

Assess and Certify Auditors

Inbuilt Sector-wise Best Practices
Guidelines
Optimize the physical movement
of Auditor
Option for Planned &
Surprise Audits
Mobile Application for
conducting Audit
Audit Planning, Scheduling &
Workflow Management

Analytics and Dashboard Reporting

Alerts & Notifications 11

K E Y F E AT U R E S
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 MASTER DATA
CONFIGURATION

☑ Master data to organize Audit at various

levels within the business e.g. Business
Units, Departments, Regions, Sites,
Areas within Site etc.

APPL ICATIO N
SCREEN SHOTS ☑ Sequence the areas within a site for the
optimal movement of the Auditor

☑ User Roles – Admin, Auditor, Users and

Action Holders with specific access to
each role

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 ☑ Assign Criticality Level to each
Question and different
QUESTIONNAIRE FOR 360 DEG weightage to each level
ASSESSMENT
☑ Use Assessment Criteria - Yes /
No or Rating 1-5

☑ Assign Category and Sub-

category to each question

☑ Upload and attach guidelines

to each question that can be
accessed by the auditor while
conducted audit

☑ Bulk import the questions

from the CSV file

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 ☑ Schedule Planned & Surprise
WORKFLOW TO SCHEDULE, VIEW AND Audits and view it on Calendar
ALERT THE AUDIT STAKEHOLDERS
☑ Send auto notification and
reminders to the Auditor and
the Site Manager

☑ Assign % weightage to each

category for score calculation

☑ Filter the view by BU, Sites or

the Status of the audit

☑ Select questions for each

audit or duplicate any
previous audit

☑ Publish Preparation Checklist

to get confirmation on the
audit readiness
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MOBILE APP FOR CONDUCTING
AUDITS

☑ Conduct Audit directly on the App without using

pen, paper or Excel

☑ Offline working mode for auditing the sites with

poor data connectivity

☑ Take and upload pictures as the evidence using the

mobile device and tag it to a question

☑ Access guideline documents, SOPs to assess each

question

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INTUITIVE DASHBOARD AND
☑ Accredit sites with Badges e.g.
EXTENSIVE REPORTING & ANALYTICS Diamond, Gold, Silver, Bronze

☑ Drill down into specific

categories / areas,
categorized by criticality of
risks

☑ Benchmark against other sites

and changes over previous
audits at a site

☑ Benchmark against other sites

and changes over previous
audits at a site

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CORRECTIVE ACTION WORKFLOW
LINKED TO THE AUDIT GAPS
☑ Plan corrective actions for
each gap observed

☑ Assign actions to the users

with deadlines

☑ Auto reminders to the action

takers before the due dates

☑ Tracking of open and closed

actions

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 Pay per Project Annual or Monthly Subscription

Provide both Technology Platform and Provide Technology Platform for audit.
Auditor to conduct the Audit. Auditors Customer to complete audit using
will be assigned based on availability. internal/external auditors.

Commercial model includes Price: INR 2500 per month (paid annually)
• Auditor Cost Includes 10 Audits per year across
• Travel Cost multiple sites; any number of users &
• Platform/Operating Cost sites
• Management Cost Additional Audit: INR 2500 per audit

COMMERCIAL MODELS
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C O N TA C T U S

ASHISH MENDIRATTA AMARDEEP CHOUGALE

[email protected] [email protected]
+91-9873829286 +91-9930488275
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Thank You

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