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The qordata platform offers a range of solutions for compliance professionals in life science organizations, enabling professionals for day-to-day compliance functions and provides mechanisms to evaluate the effectiveness of compliance programs.  

The auditing and monitoring solution helps compliance teams in the identification and evaluation of significant compliance risks and controls. Compliance monitoring mechanisms help organizations determine the effectiveness and efficiency of controls.

Key benefits and features:

• Complete audit of all spend data through automated auditing, minimizing, or eliminating the need for manual interventions.
• OCR technology reads receipts and sign-in sheets, enabling efficient reconciliation with recorded expenses.
• Pre-defined, configurable audit rules as per company policies.
• Accurate record keeping checks: Cross-checks receipts, sign-in sheets, and other expense-related documents to ensure that all expenses are legitimate and properly documented.
• Expense monitoring checks: keep a closer eye on expenses and ensure they stay within pre-defined limits.
• Execute and generate audit reports for a pre-defined date range or for specific sales rep, highlighting top violators, high risk expenses, and violations.
• Review detail compliance check violation for any expense.
• Move high risk reports or employee data into the qordata workbench to perform further corrective action such as remediation etc.
• Examine past completed audits.

By automating the audit process and verifying expenses more efficiently, the qordata solution can save life science organizations time and resources while also reducing the risk of errors and fraud. To learn more, visit qordata.com or submit a request for information.