Kollate-it Description
Kollate-it is an all-in-one GRC and due diligence solution with over 400 features. It helps users to integrate their due diligence, compliance, risk management and audit activities and reporting into at lightning speed. Powered by AI designed workflows, automation and ingestion engines users can integrate, customize, automate their information and can select different product modules to meet their needs. Kollate-it gets rid of user frustration. The software helps all regulated companies document their processes for review across the business. The software solves a number of problems including:
(1) data input dramatically reduces
(2) work tasks speed up
(3) Activities get tracked instantly
(4) cost savings accelerate
(5) human errors reduce
(6) Information silos collapse
(7) reporting is faster and 24/7 and
(8) document retrieval is immediate.
The software is agile, adaptable and allows a user to add their own compliance framework. The document management module helps the user to upload their documentation to match their obligations so they can stop switching between multiple applications or trying to locate documents to show how the business meets to its obligations. Customized automation can also be done.
Pricing
Pro- $450 AUD per month.
Ent - $600 AUD per month.
The price covers 6 users only. Each additional user pays $50, $75 or $100 each per month based on the plan chosen.
Users can add additional modules to their existing plan or upgrade or downgrade their plan to suite their needs. Users pay additional fees for Werkflo to set up a client's framework and complete document processing.
The prices include unlimited contacts and various administrator levels. Users may also require assistance with set and transition which fees may apply.
Customized pricing applies based on client needs for automation and workflow activities . Pricing excludes a goods and services tax that applies to Australian clients only.
Volume discounts can apply based on the number of users.
Integrations
Company Details
Product Details
Kollate-it Features and Options
GRC Software
Document Management Software
Risk Management Software
Compliance Software
Audit Software
Kollate-it Lists
Kollate-it User Reviews
Write a Review-
Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Summary: Kollate It is an excellent platform for compliance management and GRC. Its ingestion engine and custom framework allow compliance data to be quickly organized. The automation features are robust for streamlining compliance processes. While the ingestion function takes some learning, once mastered, Kollate It provides great time-savings. The collaboration tools also make it great for large teams. For a customizable and automation-focused compliance management software, Kollate It is a top choice.
Positive: * Easy to use interface that allows for quick ingestion and organization of compliance data
* Flexible framework that can be customized to fit any compliance program
* Powerful automation features like registers, reports, and task management save time
* Collaborative capabilities make it great for teams of all sizesNegative: * Ingestion functionality has a learning curve to understand initially
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* More out-of-the-box template options would be useful
* Some more advanced customization features may require developer skills -
Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Financial Services Risk & Compliance Automation Date: Oct 03 2023
Summary: Demonstrations of the capability of Kollate-it to potential users continue to confirm levels of potential customer support. A number of audit firms are already encouraging clients to implement Kollate-it as it reduces and spreads audit workloads over the financial year.
Positive: Kollate-it eases the burden of meeting regulatory compliance requirements of financial services firms. It automates the process, manages risk and breaches, and substantially reduces costs -through reduced audit workload. Management dashboards provide progressive reports on meeting obligations on a month-to-month basis. All at a relatively low cost.
Negative: There are few downsides to speak of. Kollate-it needs to continue to educate the market and demonstrate the real benefits to users.
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Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Summary: Offering an extensive array of functionality for various compliance requirements that other competitors cannot provide, coupled with its simple and intuitive design and competitive pricing, Kollate-it provides a significant development in the software available for the Risk and Compliance sector.
Positive: The time and efficiency that the software provides is amazing.
The centralised and integrated compliance functions, risk and compliance frameworks, ongoing tasks and policies tasks shows that this is truly a pre-eminent platform for compliance professionals.Negative: Takes time to utilise it, however this is like all software and not limited to Kollate-it.
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Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Summary: A real breakthrough - long awaited for by the market thanks - simple, effective, efficient and inexpensive with applicability to any industry or profession.
Positive: This software coordinates & simplifies core ongoing Risk & Compliance monitoring & management. As you might imagine, this delivers significant cost savings, reduces systemic Risk and increases efficiency - and enables optimal use of skilled internal Compliance resources.
Amazing low cost for such functionality and benefit.Negative: Not so much a dislike as stating the obvious - as with any new software, you have to establish it and get to know its full capabilities.
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Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Summary: Highly competitive pricing is what initially attracted us to the software as well as the significant functionality which other packages couldn't match. We were slightly skeptical about whether it would live up to the hype, but after a few months of use the automation features and the collaboration capabilities alone have repaid the investment.
Positive: Financial/Audit compliance software currently available in the market offers end-users limited flexibility, is challenging to learn and often doesn't allow integration with other firmware packages. Kollate is the complete opposite allowing a broad range of compliance activities to be seamlessly integrated. This provides our business with significant administration cost reduction (eliminates duplication), faster client response times, better contract tracking and the dashboards provide detailed snapshots of how we are meeting our regulatory and compliance obligations.
Negative: So far we haven't really encountered any apart from a few issues that are normal when learning new software.
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