Preparing for an audit with Legisway

Are you preparing for audits the hard way?

Like General Counsel in many industries, you’re likely to have seen a significant increase in regulation in recent years. Indeed, compliance risks are rated as the area of highest audit focus.

But preparing for an audit can be an all-consuming task for your legal team. The auditor can demand a long list of documents: from anti-money laundering policies, evidence of compliance with anti-discrimination rules or data protection laws.

You’ll often commit significant legal resource to retrieving documents, summarizing information and printing binders out. You might even be forced into spending precious budget on a secure way of sharing your data with your auditor.

Are you ready to improve the way you prepare for an audit? Stop doing things the hard way, take the Legisway!

Be audit-ready with Legisway

With Legisway, your legal team will have a complete and up-to-date record of compliance information in a single repository that is easy to search. What’s more, using Legisway’s smart tools, your team can compile, present and share the information your auditor needs efficiently and securely. In short, with Legisway, you can focus your team on the strategic work rather than the paperwork.

Highlights

Create ownership structures easily
If you need to show the current ownership structure across multiple entities, Legisway can generate an org chart for you at the touch of a button.

Create historical ownership structures
If you need to show how the ownership has changed over time, Legisway can generate historical org chart for you, too.

Create custom reports on contracts
If you need to evidence the company’s customer and supplier contracts, Legisway can help you compile reports according to contract value, length, department, expiry date and much more.

Make compliance policies and records readily available
If you need to provide evidence of your compliance with regulations, Legisway can maintain historical and current internal policies and records in a centralised location for audit purposes.

Share documents securely
If you need to share all the information securely with your auditors, Legisway can become a simple data room.

Structuring legal information with Legisway Essentials

- Store the essential information related to your legal activities - including Contracts, Corporate, Claims, Policies & Regulations, Data Privacy, Legal Invoices, IP Rights & Real Estate - in one repository, to create a "single source of truth" that is always audit-ready

- Share summaries and reports with stakeholders or auditors quickly and securely

- Run reports to identify and asses risks, stay ahead of deadlines and avoid unecessary costs

Discover Legisway Essentials