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SusanReadMiller
Archer Employee
Archer Employee

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Regulated organizations are subject to frequent audit examinations by various government agencies. Interaction with regulatory bodies typically involves significant time investment since identifying, locating, and gathering required documentation and evidence is often a manual process. With little visibility into exam and finding status, management teams are often caught by surprise by the resulting fines and penalties.

The Archer Exam Management app-pack enables organizations to more effectively prepare for, document, and manage the processes for conducting an audit examination. This offering provides a centralized process to efficiently manage scoping, data collection, collaboration, and the post analysis phase of an exam. Organizations can track the phases of an exam; assign, collect, and track information requests; log hours worked on each phase; and maintain visibility into related loss events. In addition, robust reporting tools and graphical dashboards provide professional looking reports to inform executives of exam status, findings, and remediation activities.

With Archer, organizations can establish a consistent process to manage regulatory requests, increase response consistency, reduce duplicate information, minimize the exposure of sensitive information, and reduce the time required to aggregate and disseminate the regulatory examination data.

Benefits 

  • Simplify collaboration and data collection of evidence for regulatory examinations
  • Reduce the cost and duration of regulatory examinations
  • Quickly identify and communicate with Information Owners
  • Eliminate duplicate requests for information
  • Reduce penalties or fines from regulatory exam violations
  • Improve exam finding remediation
  • Analyze past examination results and trends in preparation for future exams
  • Provide executives with visibility into exam status and findings

Key Features

Archer Exam Management app-pack enables organizations to:

  • Identify the scope, impacted portions of the business, and purpose of the exam
  • Assign data collection tasks, notify Information Owners, and collect requested evidence
  • Review internal evidence and mark for distribution to examiner
  • Track staff hours spent
  • Manage findings, remediation plans, penalties, fines, and reimbursements
  • Provide exam wrap-up for executive review

Solution and Platform Information

  • Solution Area: Archer Regulatory & Corporate Compliance Management 
  • Prerequisite Use Cases:  This offering does not require any prerequisites. Please review the implementation guide for a full list of the optional applications and use cases to expand this offering.
  • Supported Platform Version: Archer Platform Version 6.9 and later
  • Supported Archer Environments: 
    • On-Premises
    • Archer Hosted
    • Archer SaaS

Archer On-Demand Application (ODA) Licenses

Two (2) Archer On-Demand Application (ODA) licenses are required for Archer Exam Management.

For More Information

To learn more about the Archer Exam Management app-pack:

The Archer Exam Management App-Pack is an offering provided through the Archer Exchange to enhance your existing Archer implementation. To learn more about the Archer Exchange, please visit the Archer Exchange on the Archer Community. 

For Additional Support

To learn more about this offering, please contact your Account Rep for additional details. For technical support questions regarding this offering, please open a support case.

 

Exam Manager Dashboard.JPG

Archer Exam Management - Exam Manager Dashboard

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Archer Exam Management - Exam Record

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Last update:
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