Case study
How did our Audit Reporting System help One of India’s Largest Private Sector Bank?
How did our Audit Reporting System help One of India’s Largest Private Sector Bank?
Problem Statement
Fragmented, manual audit processes across 6,000+ locations and 13 verticals hindered effective risk management and compliance due to inefficiency, inconsistent quality, limited visibility, and cumbersome data analysis.
The Solutions
Borrowers' Module for Credit Audit:
Simplifies and enhances credit auditing processes as per RBI requirements.
Borrowers' Module for Credit Audit:
Simplifies and enhances credit auditing processes as per RBI requirements.
Borrowers' Module for Credit Audit:
Simplifies and enhances credit auditing processes as per RBI requirements.
Vendor Module for Vendor Audit:
Provides comprehensive oversight of vendor compliance and risk management.
Vendor Module for Vendor Audit:
Provides comprehensive oversight of vendor compliance and risk management.
Vendor Module for Vendor Audit:
Provides comprehensive oversight of vendor compliance and risk management.
Scope Exclusion Module:
Ensures clear delineation of responsibilities, identifying areas outside the audit scope to improve focus and efficiency.
Scope Exclusion Module:
Ensures clear delineation of responsibilities, identifying areas outside the audit scope to improve focus and efficiency.
Scope Exclusion Module:
Ensures clear delineation of responsibilities, identifying areas outside the audit scope to improve focus and efficiency.
Revenue Leakage Module:
Proactively identifies and resolves potential revenue leakage risk.
Revenue Leakage Module:
Proactively identifies and resolves potential revenue leakage risk.
Revenue Leakage Module:
Proactively identifies and resolves potential revenue leakage risk.
The Outcome
Fragmented, manual audit processes across 6,000+ locations and 13 verticals hindered effective risk management and compliance due to inefficiency, inconsistent quality, limited visibility, and cumbersome data analysis.
10,000+
Quarterly Audits : Conducted on LARS
10,000+
Quarterly Audits : Conducted on LARS
10,000+
Quarterly Audits : Conducted on LARS
40,000+
Total Users on the LARS Platform
40,000+
Total Users on the LARS Platform
40,000+
Total Users on the LARS Platform
90%
Decrease in Audit Review & Resolution Time
90%
Decrease in Audit Review & Resolution Time
90%
Decrease in Audit Review & Resolution Time
10x
Cost Reduction in Audit Followups
10x
Cost Reduction in Audit Followups
10x
Cost Reduction in Audit Followups
Streamline GRC with Laser. Integrated risk, compliance automation, and audit management to effortlessly enhance governance and reduce risk. Don't just meet the standards, set them.
RESOURCES
Copyright @2025 Laser
Streamline GRC with Laser. Integrated risk, compliance automation, and audit management to effortlessly enhance governance and reduce risk. Don't just meet the standards, set them.
RESOURCES
Copyright @2025 Laser
Streamline GRC with Laser. Integrated risk, compliance automation, and audit management to effortlessly enhance governance and reduce risk. Don't just meet the standards, set them.
RESOURCES
Copyright @2025 Laser
Streamline GRC with Laser. Integrated risk, compliance automation, and audit management to effortlessly enhance governance and reduce risk. Don't just meet the standards, set them.
RESOURCES
Copyright @2025 Laser
Streamline GRC with Laser. Integrated risk, compliance automation, and audit management to effortlessly enhance governance and reduce risk. Don't just meet the standards, set them.
RESOURCES
Copyright @2025 Laser