Valuable Clients

Bajaj AllianzKapil Pailwan Chief Audit Executive

Flexibility to customize and quick deployment.

I am satisficed with the end product.

Best Audit & Work Paper Management Tool in the Market.

Varroc EngineeringLalit Dua Group Chief Internal Auditor and Chief Risk Officer

First of all customer support was excellent during implementation and even currently. It has features and options available which can most suited for any large scale organisation. Very user friendly as staff of each managerial level understood it rightly and working on it. Customization of different options was made easy and executed effectively. A great product to be used.

Cons - nothing as such. Its being used by auditee, auditors and management with no difficulty.

DS GroupVinod Krishnan Panicker GM - Internal Audit

"The decision taken for implementing Laser Audit Reporting System for conducting Internal Audits in our company has proved to be very wise and thoughtful. Laser Audit Reporting System has standardized and automated my internal audit process. Entire activity of internal audit is now centralized and I can review and monitor the entire pan India audit from one place.  Now my users can view real time status of the progress of internal audit. Data request tracking now become automated. Email alert keeps everybody connected with the audit updated.

 Automatic reminders, escalations and tracking of audit progress make the application a truly robust tool for internal auditing. It has seamlessly brought all the stakeholders of internal audit in place. Everyone involved in audit - auditor, auditee and higher management can collaborate on a single platform with LARS. Audit plan, field work, findings, observations, action plan and everything in between can be accessed at one single point. It has dramatically saved our time spent on chasing auditee for data, sending reminders and preparing audit reports.

 I will highly recommend LARS a product of Etrends which is truly at par with any International product for Internal Audit Reporting System.

As per my views, LARS is highly efficient and cost effective internal audit management software."

Mahanager GasT.L.Sharnagat Vice President (C&P and CRO)

"LERMS has proved to be very powerful Enterprise Risk Management tool which has moved our Risk management processes towards better monitoring and control while the team proactively deals with Risk identified in the Organisation.
The  issues of reminders  for Risk Rating  updates on Risk Timelines  and escalation in case of breaches in mitigation plans were all manually done prior to LERMS.  A collaboration tool was a critical need in  MGL  considering  the nature of its Industry, so the Laser LERMS Tool workflows  helped automate the Enterprise Risk update process  and also reduced subjectivity to a great extent while reducing manual intervention remarkably . Access to a number of customised MIS reports are now available at the click of a button, which was a time consuming exercise always.
Overall, LERMS has provided quick response to MGL’s ERM software tool requirement and great customer service with a noticeable quality of service that has resulted in meeting our business needs. We are satisfied knowing there is a large team of experts behind us, guaranteeing high levels of service and solutions that give our business a competitive edge.
We recommend LERMS as an effective, efficient and user friendly tool for the Enterprise Risk Management of any organization."

Ecu International Asia Pvt Ltd.Vinay Agrawal Assistant General Manager - Assurance and Risk

It is user friendly, this can be easily be share with multiple cross function like quality, vigilance etc. for multi use and centralized documentation. It is value for money

Cons -Not really at this stage. Overall display to reviewer (work paper and finding) can be improved

Value for money, easy to implement, trained and get started.

Trent Trent

TITAN Company LimitedMurali Chaturvedula Head OCG

"The team is very approachable and they understand the user needs very well. Excellent support system. And the team is very approachable. We never had any downtime of the software. Multiple users can use this without any difficulty."

Kirloskar Oil Engines LimitedT. Vinod Kumar Chief Financial Officer

“LARS – Laser Audit Reporting System is a robust internal audit tool which has successfully IT enabled our end to end audit processes benefiting the auditors and auditee. As against traditional method of manually maintaining the audit plans, field work, findings, observations and action plan, LARS has helped us maintain the same in an intelligent and centralized manner so that users can view real time status of the progress of observation and action plan. Email alert keeps everybody connected with the audit being undertaken. Automatic reminders, escalations and tracking of progress adds versatility to the system and eradicates a lot of wasteful time & resources which would have been required in non-value added work.

LARS has helped improve audit department productivity by reducing cycle time and thus enabling focus on what matters most. Importantly, if used well it also doubles up as an effective Knowledge Management platform for the internal audit department, especially beneficial when used in multi SBU or multi business environment.

This is now the second company in which I have been instrumental in implementing LARS & I would recommend it as a efficient, adaptable and user friendly platform for managing internal audits. "

Tata Motors LimitedNagesh Pinge Chief Internal Auditor

“I have selected Laser Audit Reporting System (LARS) for automation and documentation of Internal Audit processes. I find it simple to use for Audit team members and easy to update the data, programs and generate reports. This also enables MIS reports for tracking resource utilization and monitor progress of the audit assignment. This system has resulted in greater efficiency and effectiveness.

This product could offer greater functionality if it is enhanced with risk identification and mapping enablers for various processes across organization.

In my personal view, the product offers value for money proposition and strong post sales support.
Best wishes.”

Godrej & Boyce Mfg Co LtdPervin Vanskuiwalla Vice President – Internal Audit

"Initial concern was mainly with respect to time of launch of LARS, however the degree of customization planned and carried out reassured us about the effectiveness of LARS. Further, difficulties constantly faced were ironed out by the E Trends team promptly and efficiently. The audit team, management and auditees have expressed their satisfaction in working with LARS
LARS has been useful in the following ways:

  • Audit planning, documentation of field work and observations, report structure have been standardized
  • Processes like follow up with auditees for responses and status of action taken which were previously manual, have been automated
  • Linking the auditees to the audit process in LARS has made a LARS a complete software
  • Has helped auditees / process owners own up responsibilities for the action taken planned and implemented by them based on the audit observations
  • Linking of auditee database to LARS was the most significant, as it helped the auditees to record their responses and attach documents and provide status on implementation of recommendations
The support service provided after launch was good which helped us to stabilize the process. Additional features added later based on our suggestions also contributed in making the internal audit process robust. The support portal of LARS is also a good tool which gives a status of open and closed issues. Further add-ons like self assessment checklists, exception reports etc. which are being discussed would make LARS an effective management tool.
I would definitely recommend LARS because the Service rendered was professional with clear understanding of concepts and customization to our requirements.

The E Trends team was very co-operative and problems pointed out were resolved promptly.
Also the features of LARS (which were more or less to our expectations) and the pricing which was reasonable."

JSW Steel LtdHaresh Dua Vice President (Internal Audit)

“With help of LLCS from Etrends, we are now able to meet compliances much more effectively. It has saved 55-60% of the top and middle management time. It has made our compliance management process extremely simple and efficient. The implementation of the tool was done smoothly by Manesh and his team.

LLCS is very simple and robust tool which I would highly recommend.”

Air Niugini, Papua New GuineaAjaya Jain Chief Internal Auditor

“Air Niugini was hunting for a comprehensive Internal Audit Software since last couple of years and the search came to and end when one of my friend who was actual user of LARS system recommended me for the same. Today I see that our decision of engaging “Etrends Technologies (INDIA)” in implementing Laser Audit Reporting System for conducting Internal Audits in our company has proved to be wise.

Now we cannot imagine ourselves working without it. It has brought a process in place for each and every activity of internal audits. It has resulted in efficient audit, real time visibility in the progress of remediation plans to fill gaps in the controls and automated reminder, escalation and tracking of action plan. It brings everyone involved in the audit on a common platform. Audit plans, field work and observations are created easily and efficiently. Dashboard saves time by pulling just the right information and showing it to us.

It has dramatically saved our time spent on preparing audit reports. It has reduced our work volumes by a significance degree, especially in data acquisition and summary reporting. We look forward to extensive use of LARS in the coming years ahead.

The support provided by Etrends Team from INDIA was excellent, which helped us stabilize the process in our organization very fast.

I will highly recommend LARS a product of Etrends which is truly at par with any International product for Internal Audit Reporting System.”

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