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Wdesk from Workiva
An integrated platform designed for compliance, reporting, and risk management in treasury operations with collaboration tools, version control, and real-time updates.
Product analysis by function
Compliance Monitoring Tools for Treasury Compliance
Solutions that continuously monitor treasury activities against defined compliance rules and thresholds, generating alerts for potential violations.
More Compliance Monitoring Tools
More Treasury Compliance ...
Core Compliance Monitoring
(10 Yes /10 Known /13 Possible features)
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Real-Time Monitoring Ability to monitor transactions and treasury activities in real-time. |
Wdesk provides real-time monitoring and updates for compliance and reporting activities as per Workiva's product documentation. | |
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Rule-Based Engine Configurable engine to define, manage, and update compliance rules. |
Wdesk has a rule-based engine allowing creation, management, and updating of compliance rules (see 'risk & compliance management' features on workiva.com). | |
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Automated Violation Detection System automatically detects and flags activities that breach compliance rules. |
Automated violation detection is included as Wdesk flags and tracks breached thresholds and compliance activities. | |
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Coverage Breadth Number of treasury domains or modules under monitoring (e.g., payments, investments, FX, liquidity). |
No information available | |
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Multi-Regulation Support Ability to support and update multiple regulatory regimes (e.g., SOX, Dodd-Frank, EMIR, GDPR). |
Wdesk supports multi-regulation compliance (SOX, Dodd-Frank, EMIR, GDPR, and more). | |
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Threshold Sensitivity Granularity by which thresholds or limits can be defined for compliance alerts. |
No information available | |
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Frequency of Checks Interval at which compliance checks are performed. |
No information available | |
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Historical Data Analysis Can the system analyze past activity for compliance reviews? |
Wdesk can analyze historical activity for audits and reviews (version control, audit trails). | |
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Batch vs. Continuous Monitoring Allows switching or combining periodic and real-time monitoring options. |
Wdesk supports both real-time and batch monitoring as required by workflows. | |
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Audit Trail Generation Maintains immutable records of compliance events and monitoring activities. |
Wdesk generates immutable audit trails (audit documentation repository, versioning). | |
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Exception Handling Mechanisms for managing, escalating, and resolving exceptions and false positives. |
Exception handling present through workflow tools and escalation matrices. | |
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Data Integrity Verification Ensures the monitored data is complete, consistent, and accurate. |
Data integrity verification supported by version controls, log checks, source documentation linking. | |
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Alert Prioritization Ability to rank and prioritize alerts based on criticality and impact. |
Wdesk supports alert prioritization via custom rules and dashboard. |
Alerting and Notification
(10 Yes /10 Known /11 Possible features)
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Multi-Channel Alerting Can send alerts via email, SMS, dashboards, or push notifications. |
Alerts can be sent via email and dashboards, with possible webhook/SMS integration in enterprise deployments. | |
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Customizable Alert Templates Users can configure the content and format of compliance alerts. |
Alert templates are customizable in Workiva's notification engine. | |
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Escalation Workflows Automated workflows to escalate unresolved or critical compliance violations. |
Automated escalation workflows are configurable in Wdesk (see compliance workflows, Workiva documentation). | |
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Alert Acknowledgement Tracking Tracks user responses and acknowledgements for each alert. |
Wdesk tracks user acknowledgement and responses to alerts (confirmed in compliance dashboard features). | |
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Alert Resolution Time Average time to acknowledge and resolve compliance alerts. |
No information available | |
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Severity Level Classification Allows classification of alerts by severity (e.g., Low, Medium, High, Critical). |
Severity levels for alerts can be customized in the rules and alert settings. | |
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Audit Logging of Alerts Maintains an audit trail for alerts sent, received, and acted upon. |
Audit logging for all alert events is a standard feature in Wdesk. | |
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Repeat Notification Thresholds Configurable settings for repeated notifications/escalations if alerts remain unresolved. |
Repeat notifications can be configured in alerting settings. | |
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Alert Analytics & Dashboard Visualization and reporting of alert history, trends, and statuses. |
Wdesk supports alert dashboards and analytics as part of its compliance reporting suite. | |
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Integration with Incident Management Can connect with external incident or case management systems. |
Integration with incident/case management is supported with APIs and workflow connectors. | |
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User-specific Notification Preferences Supports user-defined preferences for receiving alerts. |
Users can specify preferred channels for receiving alerts, such as email or dashboard. |
Reporting and Analytics
(10 Yes /10 Known /10 Possible features)
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On-demand Report Generation Users can generate compliance reports at any time. |
On-demand compliance report generation is a highlight feature of Wdesk. | |
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Scheduled Reporting Automates the production and distribution of recurring compliance reports. |
Scheduled, automated recurring report distribution is featured in Workiva's documentation. | |
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Custom Report Builder Enables users to create custom reports tailored to specific requirements. |
Custom report builder is available, supporting tailored reporting requirements. | |
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Visualization Tools Dashboards and charts to visualize compliance trends and KPIs. |
Visualization tools including dashboards and charts for compliance data are included. | |
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Export Capabilities Supports exporting reports in multiple formats (PDF, Excel, CSV, etc.). |
Export to PDF, Excel, CSV and other formats is available in the reporting tool. | |
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Automated Distribution Ability to automatically distribute reports to defined recipients. |
Automated distribution of reports to predefined users/groups is supported. | |
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Access Controls for Reports Supports user-level permissions for viewing or modifying reports. |
Access controls for reports are enforced via Workiva’s user permission framework. | |
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Drill-down and Filtering Users can drill down into detailed data and filter by parameters. |
Data drill-down and filtering capabilities are supported in reports and dashboards. | |
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Historical Comparisons Report tools allow comparison of compliance performance over time. |
Historical comparisons of compliance data over time are offered in the analytics suite. | |
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Exception Reporting Automated highlighting of outlier or exception events. |
Exception reporting and highlighting of outlier events is available. |
User Management and Security
(8 Yes /8 Known /9 Possible features)
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Role-Based Access Control (RBAC) System restricts access based on user roles and permissions. |
Role-Based Access Control (RBAC) supported for all Wdesk artifacts and reports. | |
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Single Sign-On (SSO) Integration with identity providers for seamless and secure authentication. |
SSO integration with major identity providers is documented as a feature. | |
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Multi-factor Authentication (MFA) Provides multi-level user authentication for enhanced security. |
Multi-factor authentication (MFA) is supported for user access control. | |
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Activity Logging Records all user actions and sessions for forensic and audit purposes. |
All user activities are logged, supporting audit and forensics. | |
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Data Encryption (In-Transit/At-Rest) Protects sensitive treasury and compliance data via encryption. |
Data encryption in-transit and at-rest is required for compliance and is cited in security documentation. | |
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User Provisioning/De-provisioning Automated management of user access throughout employment. |
Automated user provisioning and de-provisioning are available via integrations (e.g., SCIM). | |
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Password Policy Enforcement System enforces complexity, expiration, and change policies for passwords. |
Password policies, including complexity and expiration, are configured by admins. | |
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Session Timeout Automatic logout after a set period of inactivity. |
No information available | |
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Access Audit Reports Ability to generate reports on system access and user activity. |
Access audit reports are a feature in Wdesk compliance suite. |
Integration & Interoperability
(7 Yes /7 Known /9 Possible features)
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API Availability Standard APIs for seamless integration with internal or external systems. |
Wdesk exposes APIs for integration with other enterprise systems. | |
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ERP/TMS Integration Ability to integrate directly with ERP or Treasury Management Systems. |
ERP/TMS integrations are supported, including SAP, Oracle, and others. | |
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Real-Time Data Feeds Supports live data connectivity to and from other systems. |
Live data feeds are possible via integrations and connectors. | |
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Bank Data Integration Connects with banks for real-time bank statement monitoring. |
Bank data integration for direct download and reconciliation is available in the treasury module. | |
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Third-party Data Source Support Integrates data from external regulatory or reference sources. |
Third-party data sources, such as regulatory databases and market data, can be integrated. | |
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Custom File Import/Export Permits bi-directional data flows with custom file formats. |
Custom import/export supported for a variety of user-defined file formats. | |
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Integration Support for Cloud Platforms Can connect with cloud-based apps/services (e.g., Azure, AWS, GCP). |
Cloud integrations for AWS, Azure, GCP, and SaaS platforms are supported. | |
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Number of Supported Integrations Number of unique external systems integrated. |
No information available | |
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Data Synchronization Frequency Interval at which data is synchronized with connected systems. |
No information available |
Configurability & Customization
(9 Yes /9 Known /9 Possible features)
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Custom Rule Authoring Users can define their own compliance conditions and thresholds. |
Custom compliance rule authoring via UI or scripting is supported. | |
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Dynamic Thresholds Thresholds can be set to auto-adjust based on treasury context or risk profile. |
Dynamic thresholds can be set based on business or risk context. | |
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Localization/Internationalization System supports multiple languages and regional compliance requirements. |
Localization and support for multiple regions/jurisdictions is available. | |
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Reporting Customization Allows users to customize layout and content of compliance reports. |
Reporting format and content customization is available. | |
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Custom Workflow Configuration Administrators can design and implement bespoke compliance workflows. |
Custom workflow configuration by administrators is supported. | |
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User Interface Personalization Options to personalize dashboards, views, and alert settings. |
Personalized dashboards, saved views, and preferences supported in UI. | |
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Configurable Alert Triggers Users may set triggers for alerts based on a variety of attributes. |
Alert triggers and logic can be configured by users/admins. | |
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Delegation/Approval Workflows Enables delegation or multi-step approvals for compliance processes. |
Delegation and approval workflows are configurable. | |
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Template Management Pre-built and editable templates for compliance documentation. |
Template management is present for documentation and reporting. |
Regulatory Management
(9 Yes /9 Known /9 Possible features)
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Automated Regulatory Updates System updates compliance rules for new or amended regulations automatically. |
Automated regulatory content updating is described as a feature. | |
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Regulatory Library Integrated repository of applicable laws, rules, and guidance. |
Central regulatory library containing rules/guidance is included. | |
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Multi-jurisdiction Support Handles compliance across multiple countries or regions. |
Multi-jurisdiction functionality is a promoted feature for enterprise customers. | |
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Regulatory Gap Analysis Automated gap analysis as rules/policies change. |
Automated regulatory gap analysis available by comparing current policies to regulatory changes. | |
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Compliance Calendar Tracks key regulatory deadlines and review dates. |
Compliance calendar and key date tracking available in system notifications and dashboards. | |
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Policy Document Management Centralized storage and versioning of compliance policy documents. |
Central policy document management with version control included. | |
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Attestation Management Manages user attestations acknowledging compliance policies. |
Attestation workflows and policy reading confirmations supported. | |
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Regulatory Impact Assessment Assesses how new rules will affect current compliance programs. |
Regulatory impact assessment tools are part of change management workflows. | |
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Update Notification Mechanism Notifies relevant users of regulatory or policy updates promptly. |
Update notifications for policy/regulatory changes are automated. |
Risk Management Integration
(9 Yes /9 Known /9 Possible features)
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Risk Scoring Assigns and updates risk scores for compliance events or violations. |
Risk scoring for compliance events configurable in reporting suite. | |
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Integration with Risk Register Compliance violations can be pushed directly to corporate risk registers. |
Compliance breaches can be pushed to risk registers by API or workflow. | |
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Scenario Analysis Enables modeling of compliance breaches and their impacts. |
Scenario analysis tools for breach modeling are documented in solution guides. | |
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KRI Monitoring Monitors key risk indicators in parallel with compliance rules. |
Key risk indicators (KRIs) can be monitored in conjunction with compliance rules. | |
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Compliance-Risk Mapping Maps compliance policies to organizational risk categories. |
Compliance-risk mapping is available to relate compliance data to risk management data. | |
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Automated Risk Mitigation Guidance Provides inline suggestions or protocols to mitigate flagged risks. |
Provides automated mitigation guidance for flagged compliance or risk events. | |
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Management Dashboard Unified dashboard to view both risk and compliance status. |
Unified management dashboard supports both risk and compliance monitoring. | |
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Incident Response Playbooks Embedded best practice guides for responding to compliance incidents. |
Incident response playbooks can be embedded and referenced in workflows. | |
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Early Warning Indicators Features to set up early warning signals based on risk trends. |
Early warning indicators configurable in analytics modules. |
Scalability and Performance
(3 Yes /3 Known /8 Possible features)
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Concurrent User Support Number of users who can use the compliance system simultaneously. |
No information available | |
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Transaction Processing Rate Number of transactions or activities the system can monitor per second. |
No information available | |
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Maximum Alert Volume Number of compliance alerts the system can handle without performance degradation. |
No information available | |
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System Uptime Percentage of time the compliance monitoring system is operational. |
No information available | |
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Data Retention Capacity Max period the system retains historical compliance data. |
No information available | |
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Geographical Redundancy Supports deployment across multiple geographies/data centers for resilience. |
Geographical redundancy is standard for Workiva’s cloud deployment. | |
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Disaster Recovery Capability System has built-in disaster recovery features with quick failover. |
Disaster recovery and failover are included in enterprise deployment. | |
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Elastic Resource Scaling Ability to auto-scale resources during peaks in activity. |
Elastic resource scaling supported in Workiva cloud environment. |
User Experience & Accessibility
(9 Yes /9 Known /9 Possible features)
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Intuitive Dashboard Interface Clean, user-friendly dashboards to monitor compliance status and actions. |
Wdesk offers visually clear, intuitive dashboards for compliance and risk. | |
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Mobile Device Compatibility Compliance system is accessible from mobile devices and tablets. |
Mobile browser/device compatibility is documented. | |
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Accessibility Standard Compliance Meets accessibility guidelines for users with disabilities (e.g. WCAG 2.1). |
Workiva designs to be accessible (section 508/WCAG), but check with vendor for current compliance. | |
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In-app Guidance Provides contextual help and tooltips within the application. |
In-app guidance and tooltips available throughout Wdesk. | |
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Global Search Functionality Allows users to search across all compliance data and rules. |
Global search for all data, documents, and compliance rules provided. | |
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Task Automation Features Automates repetitive monitoring or reporting tasks for end users. |
Task automation for compliance and reporting included in workflow engine. | |
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Multi-language Support User interface available in multiple languages. |
Multi-language support is available in the enterprise version. | |
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Self-service Knowledge Base Online guides, FAQs, and documentation for users. |
Workiva offers a self-service knowledge base for end users. | |
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Onboarding and Training Tools Features for new user onboarding and ongoing training within the tool. |
Onboarding and online training tools are available. |
Audit & Evidence Management
(8 Yes /8 Known /8 Possible features)
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Automated Evidence Collection Automatically gathers supporting evidence for compliance monitoring activities. |
Automated evidence collection is a feature for audit and compliance monitoring. | |
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Centralized Audit Documentation Repository A central place for storing and retrieving all audit documents and evidence. |
Centralized document and audit evidence repository included. | |
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Audit Log Integrity Controls Tools to ensure audit logs are tamper-proof and verifiable. |
Audit log integrity controls are enforced by versioning and cryptographic signatures. | |
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Access-Based Audit Views Audit reports and evidence are accessible only to authorized users. |
Access controls ensure audit evidence and reports are only available to authorized users. | |
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Automated Audit Trail Reporting On-demand reports showing full history of compliance actions and user activity. |
Automated on-demand audit trail reporting of actions and changes. | |
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Third-party Auditor Access Temporary, controlled access for external auditors. |
Controlled temporary auditor access is possible through permission management. | |
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Audit Timeline Visualization Tools to visually review chronological sequences of compliance events. |
Visualization of audit event timelines available in dashboards. | |
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Evidence Version Control Maintains historical versions of audit evidence and documentation. |
Version control for all evidence and documentation is part of the core product. |
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