Case Study: Neova Insurance achieves integrated GRC transformation with Auditrunner

Neova streamlines GRC and cuts audit prep with AuditRunner

Neova Insurance, a top participatory insurance leader, faced the challenge of managing its GRC functions with inefficient manual methods like Excel and email. Their external auditor, KPMG, identified this as an area needing improvement, prompting a search for a digital solution. They ultimately selected the integrated GRC management solution from vendor AuditRunner to transform their processes.

AuditRunner provided a highly customizable and automated GRC platform that allowed Neova to streamline all their compliance and audit work. The solution enabled real-time tracking, automated data collection, and eliminated the need for separate external audit preparations, significantly reducing audit durations. As a result of the successful implementation and their enhanced capabilities, Neova Insurance was awarded the Internal Audit Quality Assurance Awareness Award by the IIA-TIDE.

Neova