Vancouver-based GRC software company ACL has announced that Payless ShoeSource is now using ACL GRC to improve the productivity of its internal audit team without the need for new hires.
Payless, which as of the end of 2015 employs more than 25,000 people worldwide, said it needed to increase the number of internal audit projects it conducts, without the added costs of new hires. Payless thus determined it could increase performance by automating certain SOX compliance management activities through ACL GRC.
“We needed a data-driven platform that could be easily integrated with our existing analytics tools and that could ‘hit the ground running,’” commented Annie Shaffer, CPA, CIA, director of internal audit, for Payless Shoesource. “We anticipate gaining value from the system as we become more proficient in the use of ACL GRC. It is a fast, easy, and cost-effective route to a more productive and valuable internal audit function.”