Cloud Auditing and Compliance Reporting with NetSuite Governance, Risk and Compliance (GRC)
What is NetSuite Governance, Risk and Compliance (GRC)?
NetSuite’s Governance, Risk and Compliance (GRC) solutions have emerged as a key player in cloud auditing, enabling businesses to comply with international IT and security standards. With an always-on audit trail, built-in analytics, access logs and automated workflows, these solutions simplify the documentation and reporting of systems, resources, risks and controls, streamlining the cloud auditing process.
NetSuite’s GRC solutions support standardization and consistent reporting across the organization, simplifying compliance obligations such as Sarbanes-Oxley (SOX), and providing real-time analysis of financial transactions for cloud auditing. The platform calculates taxes in real-time on sales and purchase transactions, including cross-border sales, and adheres to Intrastat reporting obligations between EU countries, eliminating the need for standalone tax engines for many businesses.
NetSuite’s GRC solutions provide businesses with an always-on audit trail, built-in analytics, access logs, and automated workflows for efficient and accurate auditing. The platform simplifies Sarbanes-Oxley (SOX) and other compliance obligations by supporting standardization and consistent reporting across the entire organization. Full drill-downs, from summary reports to underlying transaction details, provide transparency and visibility into the organization’s compliance status, facilitating cloud auditing.
NetSuite’s GRC solutions are highly configurable and customizable, enabling businesses across a wide range of industries to meet their unique auditing needs. The platform’s automated workflows and built-in access controls streamline compliance-related processes, reducing the risk of errors and minimizing costs.
NetSuite’s GRC solutions are a powerful tool for cloud auditing, enabling businesses to comply with international IT and security standards with ease. The platform’s advanced analytics capabilities, automated workflows, and built-in access controls provide businesses with real-time visibility into compliance metrics, while its always-on audit trail and full drill-down capabilities ensure transparency and accuracy in cloud auditing.