About Laser Audit Reporting System - LARS

Integrated software solutions that help you identify, understand and measure key organizational risks at a holistic level

Greater Transparency, Better Control

Tailored solutions to match company needs
Top-notch after-sales technical support Cutting edge software solutions for Internal Audit, Internal Control, Risk Management and Legal Compliance Management
Laser Risk Management System (LERMS®)
Laser Audit Reporting System (LARS®)
Laser Legal Compliance System (LLCS®)
Laser Internal Controls Manager (LICM™)
Laser Application To Manage POSH (LAMP™)

Rise above the risk

Powerful applications that give your organization the confidence in an uncertain world The Laser GRC Suite comprises a comprehensive portfolio of highly intuitive and intelligent web-based, enterprise-level Governance, Risk and Compliance (GRC) solutions that enable organizations to leverage technology to efficiently automate GRC procedures, maximize business value and address risk and regulatory challenges with confidence Developed by Etrends, a leading and trusted provider in the GRC arena, our platforms are intuitive, user-friendly, flexible and easy to implement, and tried and tested by the well-known organizations in India and abroad

Our automated solutions can be deployed individually or can be integrated seamlessly within a centralized GRC platform Our solutions help align the various departments of an organization and encourage mutual goals and attitudes to identify, understand, measure and manage key organizational risks at a holistic level

Solutions that simplify your GRC needs

Laser Enterprise Risk Management System

Atul Ltd is a chemical conglomerate and one of the companies of Lalbhai Group, serving customers in National and International markets Atul Ltd operates through six business divisions, namely Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers Atul also has offices in The USA, The UK, Germany, China and Vietnam that service its international customers Risk Management is an integral part of the business practices of the Company The Company has developed and implemented a comprehensive Risk Management System involving i) Risk identification and definition, ii) Risk classification, iii) Risk assessment and prioritization, iv) Risk mitigation and v) Risk reporting and monitoring We have now implemented Laser Enterprise Risk Management System (LERMS) for Enterprise Risk Management (ERM) at Atul The software automates all five activities mentioned above Features such as surveys, Dash-boards, auto e-mailers and reminders bring ease, efficiency and effectiveness in the system compared to manual system LERMS has enabled us to bring in uniformity in ERM records maintenance across various businesses and automate the earlier time consuming manual process Software was well accepted and appreciated by all the users and Management The need for customization was minimal E-trends team ensured that the implementation of the software is seamless to the requirement of our organization We feel LERMS to be useful to the companies to comply with Risk Management requirements by ensuring robust tracking, managing risks and mitigation plans Overall our experience about the system, implementation and training support was highly satisfactory

After implementing the LARS software I feel in full control of the Audit function Time saving, speed and operational efficiency in the entire group is what we have achieved I like the following benefits the most:

Saving in time and effort: Earlier we were spending lot of time in compiling observations in Excel for following-up implementation Now it is readily available in LARS
Because of LARS now there is a lot more auditees have been involved, resulting into speedier action plan updating and finally resulting into increase in operational efficiency by implementing audit recommendations
Auto follow-up of implementation of audit observations feature of LARS is very good
Excellent support from LARS team The way we follow-up the implementation of audit observations is different than what has been generally followed in Indian companies, because of this there is lot of customization is required However, due to very good support customization is happening as we want Except some teething problems and some more customization is yet to be done, we are satisfied with the product

LARS is one of the best audit management tool The tool is user friendly and the master setup feature is quite easy The team at backend is technically competent and hence customizations are easy and can be timely implemented Tool has an excellent workflow audit management system and allows data / information repository with a vide range of data type, including emails The tool enables audit workflow to be managed either in online or offline mode which can be helpful sometimes Licensing is based on count of auditors rather than on count of users / auditee and hence it becomes competitively priced wherein manpower count is quite large Bulk data import is feature is available Most of the output is available for export in excel format from the tool Alerts and notifications are inbuilt and can be enabled / disabled as per requirement

Flexibility to customize and quick deployment

I am satisficed with the end product

Best Audit & Work Paper Management Tool in the Market

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

"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 " 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