Wolters Kluwer Digitally Transforms Assurance With Launch of New TeamMate+ Controls Capabilities
Focusing on the strategic importance of internal controls,
Key product enhancements and data insights:
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40.6% of survey respondents characterize their Internal Audit function’s collaboration with 2nd Line assurance providers as limited or reactive, although 34.3% report deep and proactive coordination. Through customizing access levels, it is possible to drive collaboration while managing document sensitivity.
TeamMate+ provides Advanced Permission Settings: Team leaders can now customize access levels for each member, ensuring that sensitive information is protected while promoting transparency and collaboration.
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40.3% of respondents report that executive leaders rely equally on Internal Audit and 2nd Line functions for strategic insight and foresight over key risks. Real-time activity monitoring enables greater transparency and opportunities for efficient and effective risk management across teams. This is improved when these functions coordinate their activities within TeamMate+.
TeamMate+ provides Real-Time Activity Monitoring: All stakeholders can now access real-time updates on team activities, allowing for timely interventions and support.
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29.8% of respondents identified communication as a priority area for enhancement for internal audit teams. Enhanced communication tools can ensure greater visibility and understanding of the role of internal audit alongside driving efficiency.
TeamMate+ provides Enhanced Communication Tools: Improved messaging and notification systems keep everyone in the loop, reducing the chances of miscommunication.
Designed to meet rising assurance expectations, TeamMate+ Controls streamlines control documentation, automates testing and monitoring, and fosters business ownership, reducing manual effort, providing real-time insights, aligning assurance functions, and elevating Assurance teams as strategic partners.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20250717339744/en/
Media Contact
Communications Consultant
Corporate Performance & ESG
Mob: 614-561-2154
Tara.Schumacher@wolterskluwer.com
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