June 9, 2014 - Wolters Kluwer Audit, Risk & Compliance announced today that the company celebrated 20 years of business with its TeamMate audit management system by adding 50 new organizations to its customer base in the first four months of 2014. Since its launch in 1994,TeamMate has grown to become the world's most widely-used audit management system, with more than 95,000 auditors and over 2,200 organizations using the solution globally.
"TeamMate has continually evolved over the past 20 years to address the changing direction of internal audit needs as well as to keep pace with advances in technology," said Mike Gowell, vice president and global general manager, TeamMate. "TeamMate has achieved tremendous growth in the audit industry by helping organizations enhance their overall effectiveness and drive maximum value into their audit processes, saving them significant time and money."
"The TeamMate system has helped the University of California transform its audit processes in a meaningful and measurable way over the better course of two decades," said Sheryl Vacca, senior vice president and chief compliance and audit officer, University of California. "With the TeamMate system, we have been able to deliver internal audit services with greater efficiency and better transparency."
TeamMate has also become a valued industry partner and has built a sense of community globally for auditors through its thought leadership initiatives, including its annual TeamMate User Forum , the largest audit technology conference in the world as well as itsin-depth technology surveys and Audit Technology Insights reports .
"TeamMate has grown and evolved since its inception, but our focus has never changed," said Gowell. "Moving forward, we remain committed to delivering innovative audit solutions that will continue to transform the internal audit departments of our customers worldwide."
From large multinational organizations to small internal audit departments, organizations of all sizes have leveraged TeamMate's flexible and scalable technology to help them efficiently manage their internal audit functions. The TeamMate audit management system helps improve an organization's audit process including: risk assessment , scheduling , planning, execution, review, report generation, trend analysis, audit committee reporting and storage. By providing an integrated paperless strategy for managing audits, TeamMate's audit software eliminates the barriers associated with paper-filled binders and disconnected electronic files, driving efficiencies into all facets of the internal audit workflow.
