Business Challenge

Our client is a cloud-based software company that provides a suite of products for the insurance industry.
The key issues that faced our client were:

  • Upcoming SAS70 Type II audit required evidence of established controls being followed with supporting documentation throughout a six month audit period
  • Existing controls supporting documentation were decentralized within each organization
  • New controls established during audit period required creation of new supporting documentation
  • Limited availability of resources to coordinate activities with key stakeholders from IT, HR, Operations, Support and other functional areas to define and document processes required to pass audit

Client & Engagement Quick Facts

  • Project Durations: 3 Months
  • FTE: 5+
  • Geographies: CA

Our Solution

After reviewing all processes and controls identified in previous year’s audit, we engaged with key stakeholders to identify new controls and processes with desired acceptance criteria, level of completeness and ownership for each activity required to pass audit. An Agile Scrum approach was taken where all backlog items with level of progress and completeness for each activity and/or task were managed and communicated weekly. A new centralized SharePoint library organized by control area was created to store drafts and final versions of supporting documentation required by auditors.

Business Benefits

Kenny & Company assisted our client by facilitating key decisions; establishing a scalable process and framework for preparing for future annual audits; and acting as an independent, third party advisory working closely with the SAS70 audit firm to ensure the audit was passed successfully with positive report that can be shared with key customers.

Our Solution

  • Collaborated with key stakeholders to updated existing documentation and identify, define and document new controls
  • Utilized Agile Scrum approach to manage all tasks and activities
  • Created central library in SharePoint to store all documentation for current and future audits

About Kenny & Company

Kenny & Company is an independent management consulting firm providing Strategy, Operations and Technology consulting services to our clients. Our management consulting practice, experience and insight also enable us to provide early stage venture capital investments to select startup companies, and through our philanthropic endeavors to give back to our communities.