See Risks with PWGRC. Plan Audits Right. Drive Actions to Completion.

PWGRC brings enterprise risk management and internal audit together on a single platform.

It lets you manage the entire process end to end, from identifying and assessing risks to defining controls, planning audits, tracking findings and closing corrective actions.

Instead of scattered Excel files and email traffic, it delivers up-to-date, measurable and action-oriented risk and audit management.

Recording Risks Is Not Enough. You Have to Manage Them

Many organizations track risk registers in Excel spreadsheets, audit findings in separate files and actions in email threads.

Over time, this setup creates new risks:

• Outdated risk inventories
• Actions without a clear owner or responsible person
• Delayed or forgotten control activities
• Audit plans prepared independently of the risk profile
• Audit findings that never get closed
• Reports management cannot access when it needs them
• Disconnected, non-standard practices across units

PWGRC turns this fragmented setup into a single corporate governance model.

Risk and Internal Audit in the Same Management Cycle

In PWGRC, risk management and internal audit are not two separate modules working independently of each other.

Risks inform the organization's priorities and audit plans. Findings identified in audits, in turn, become new risks, control improvements and corrective actions.

The result is a continuously improving, self-reinforcing management cycle:

Identify the risk → Assess → Control → Audit → Manage the finding → Complete the action → Reassess

Thanks to this integrated structure, audit resources are directed to the areas that are truly critical for the organization.

What Does PWGRC Bring to Your Organization?

See Risks Earlier

With Key Risk Indicators, risk scores, thresholds and automatic alerts, assess risks before they materialize, not only after they occur.

Plan Audits Based on Risk

Build annual audit plans based on the organization's current risk profile and Risk Control Matrix, not on estimates or fixed calendars.

Track Actions Through to Completion

Define an owner, target date, priority and approval process for every risk, finding and control. Manage overdue actions with automatic reminders and escalation mechanisms.

Give Management Real-Time Visibility

Monitor the current status of risks, controls, audits and actions through dashboards, heat maps and management reports.

Shorten Audit Cycles

Reduce manual workload by digitizing planning, task assignment, fieldwork, evidence collection, reporting and finding follow-up.

Build Institutional Memory

Risk assessments, audit evidence, reports, comments, actions and change history are stored in a single secure system.

Move Enterprise Risk Management from Reactive to Proactive

With PWGRC, manage strategic, operational, financial, information technology, regulatory and reputational risks with a common methodology.

Assess risks by:

• Impact and likelihood
• Controllability
• Risk appetite and tolerance
• Key Risk Indicators
• Existing controls
• Residual risk level
• Mitigation plans
• Owners and target dates

using one consistent method.

With risk heat maps and trend analyses, see which risks are rising, which controls are falling short and which areas need to be addressed first.

AI-Powered Risk Insights

PWGRC provides decision support for risk assessment through the PaperWorkAI infrastructure.

By analyzing the risk information and assessment criteria entered, the system gives risk managers support with preliminary assessment, prioritization and forecasting.

As a result:

• Risk assessments become more consistent.
• The likelihood of critical risks being overlooked decreases.
• Assessment processes speed up.
• Managers make decisions based on stronger data.
• Risk management focuses not only on past events but also on threats that may emerge in the future.

AI does not replace the decision; it helps experts make faster and more consistent decisions.

Risk-Based Internal Audit

PWGRC Internal Audit Management manages the entire audit lifecycle on a single platform.

Planning

• Annual and periodic audit plans
• Risk-based audit universe
• Auditor and resource assignments
• Audit calendar and scope management
• Competency and performance tracking

Fieldwork

• Checklists and tests
• Mobile data and evidence collection
• Survey and interview records
• Working papers
• Risk Control Matrix
• Creating findings and recommendations

Reporting

• Standard audit reports
• Automatic report generation
• Classification of findings by severity
• Executive summaries
• Comparative and periodic analyses

Finding and Action Tracking

• Corrective action plans
• Assigning owners and target dates
• Automatic notifications
• Delay and escalation processes
• Evidence upload and approval
• Closure control

Every Risk Becomes an Action

PWGRC is not just a risk inventory that records risks.

For every risk, you can set up controls, owners, tasks, action plans and monitoring processes. Thanks to the PaperWork workflow infrastructure, approvals, tasks, reminders and escalations run automatically.

This way, risk reports stop being static documents and become working processes.

Risks Enter the System Where They Arise

Risks do not have to be entered manually by the risk department alone.

PWGRC can work integrated with ERP, finance, quality, human resources, information technology, production, procurement and other enterprise systems.

Events and data arising in different applications can automatically trigger a risk, notification or review process in PWGRC based on defined rules.

This approach takes risk management beyond the work of a single department and spreads it across the organization.

Management Visibility on a Single Screen

With PWGRC dashboards, management teams instantly get answers to questions such as:

• What are the organization's most critical risks?
• Which risks are increasing?
• Which controls are not working effectively?
• Which actions are overdue?
• Which audit findings have not been closed yet?
• Which units are seeing rising risk concentration?
• Is the audit plan aligned with the organization's risk profile?
• What were the results of risk mitigation efforts?

There is no longer any need to merge different Excel files for management reports.

Why PWGRC?

Risk and Audit on One Platform

Risk management, internal audit, controls, findings and actions are linked and work on a common data model.

The Power of the PaperWork Platform

PWGRC takes advantage of PaperWork's workflow, document management, reporting, integration, mobile and artificial intelligence capabilities.

Flexible Low-Code Architecture

Risk forms, assessment models, approval processes, audit steps and reports can be tailored to the organization's needs.

Powerful Integration

Data is exchanged with enterprise systems through APIs, web services, database connections, ready-made connectors and SDK options.

Measurable and Traceable Processes

All changes, decisions, evidence, approvals and actions are recorded with their full history.

An Approach Built on Expertise

PWGRC combines academic and practical expertise in risk management and internal audit with PaperWork's powerful technology infrastructure.