ACL Breaks Ground with Robotic Process Automation for Governance, Risk, & Compliance
5 December 2018
ACL, a leading enterprise governance SaaS provider, today announced a new and enhanced ACL GRC platform built on robotic process automation and machine learning. These enhancements are a first for the industry and will further propel ACL customers to fight fraud, waste, and abuse within their organizations.
In a recent article, Deloitte stated that “Robot-led automation has the potential to transform today’s workplace as dramatically as the machines of the Industrial Revolution changed the factory floor.”
According to Dan Zitting, Chief Customer Experience Officer at ACL, “Even the tools of two years ago are no longer enough to support GRC professionals in today’s digital business environment. That’s why we’ve evolved our solution from ACL Analytics to ACL Robotics—so our customers can use RPA to stay in step with the changing patterns of business.”
Robotics can be applied to diverse processes and risk areas. For example, robots can fully automate the testing of internal controls for Sarbanes-Oxley (SOX) compliance to eliminate tedious recurring manual reviews. They can also automate the vendor due diligence process to reduce dangerous third-party risk. Fully automating processes like these using ACL Robotics means an increase in capacity so teams can do more and focus on tasks that really make an impact.
To help organizations reach their desired state of automation quickly, ACL provides pre-built robots for key processes in IT, finance, and audit. These robots will, for example, monitor IT user access rights or perform regular financial reconciliations and kickoff automated workflows when red flags are identified.
ACL’s November 2018 Release also presents both new and improved features like assurance planning and project scheduling, amongst other capabilities that make collaboration in large teams easier. The pre-built content within the ACL platform has also been expanded to include libraries of process controls; regulatory requirements for banks and credit unions; and regulations, standards, and control frameworks for IT governance.
These enhancements to ACL’s enterprise governance platform come shortly after ACL’s recognition as a ‘Challenger’ in Gartner Magic Quadrant for Integrated Risk Management, by John A. Wheeler, Jie Zhang, Earl Perkins, dated July 16, 2018.