Solution Sets
The Compliance 360 GRC platform is comprised of three integrated product suites—Compliance
Management, Risk Management and Financial & Audit Management.
Because every customer has different needs, the Compliance 360 Enterprise
Governance, Risk and Compliance(GRC) platform has been designed to be highly
configurable and adaptable, so each customer can choose the best solution to
address today’s problems, while remaining flexible for the future.
The foundation of any effective enterprise GRC strategy rests on adequate control
of compliance activities related to laws and regulations and standards such as
PCI or CoBit or ISO. The Compliance 360 compliance management solution is designed
to streamline process and automate the management of compliance activities while
providing a comprehensive global view to identify gaps, quickly resolve issues
and provide proof of compliance.
The Compliance Management Solution features key components to monitor pertinent
regulations and other requirements, organize compliance documentation, projects
and activities, conduct audits and self-assessments, collect and manage issues
and incidents, and demonstrate proof of compliance through a Virtual Evidence
Room™.
| Features |
Value |
| Regulatory Intelligence & Repository |
The ability to seamlessly pull in actionable content (laws & regulations)
into a central repository with automated alerts of changes to those laws & regulations. |
| Virtual Evidence Room™ |
All activities and documentation are directly linked to
specific laws and regulations to demonstrate proof of compliance in an
easily accessible
view for internal & external auditors as well as internal management. |
| Policy Management* |
Full life-cycle management of policies and procedures including version
control, collaboration and audit trail |
| Executive Dashboard |
Configurable home page that includes graphical reports with drill-down
capability for tracking all compliance activities. |
| Automated Assessments |
Complete suite of assessment tools to automate monitoring of processes
and compliance |
| Incident Management |
Collect, store, and collaborate on compliance-related incident information
and track progress of investigations |
| Contract Management |
Customized workflow processes that automate collaboration, establish
paths for approval routes and keep everyone on track for timely revisions |
| Project Management |
Automated enterprise-wide project management with collaboration and extensive
review and reporting capabilities |
| Forums |
Manageable knowledge base of authored research and “frequently
asked questions” (FAQ) relative to compliance and legal issues. |
| Surveys |
Efficient, automated survey creation and data collection makes performance
monitoring simple. |
| Meetings |
Organize and manage all compliance related meeting activities,
recording the minutes and attendance, keeping track of assigned tasks
and linking
all documentation into your Virtual Evidence Room™. |
| Reporting & Search |
Real-time reporting tools that give everyone a global view of all compliance,
financials and risk management activities with extensive drill-down capabilities
as well as comprehensive search capabilities |
Benefits
- Decrease labor intensive processes and documentation
- React quickly to changes in law, enforcement actions and external events
- Enforce standards and consistency throughout organization
- Create a continuous state of readiness for audits, surveys and exams
- Increase accountability and management visibility into compliance status
The Virtual Evidence Room™ provides
an easily accessible, real-time view of all proof of compliance directly
linked to pertinent laws and regulations for internal & external auditors
as well as internal management.
Compliance 360’s Risk Management Solution automates processes
associated with assessing and monitoring risk, linking risk management
data to compliance activities through automated workflows and providing
a global view to all risk-related activities through an executive dashboard.
Managers are able to quickly assess problem areas, proactively adjust
processes to respond to issues and track progress through reports and
automated project management.
The Risk Management solution assists with all the facets of risk
management and includes key features such as visual representations
of the risk
framework, customizable scoring methodology, workflow
enabled processing, automated risk assessment and controls testing,
and enterprise level visibility and reporting.
| Features |
Value |
| Enterprise Risk Management |
Identify, prioritize and manage risk areas across the entire
enterprise with identification of key controls to measure and
assess risk impact, customizable risk scoring matrix, and visual
representation of risk frameworks |
| Testing & Controls |
Robust scheduling component that automates controls testing
cycles and duration. Instantaneous notifications of significant
issues in the controls environment. |
| Automated
Assessments |
Complete suite of assessment tools to automate
monitoring of processes and compliance |
| Workflow |
Centralized content management and monitoring with automated
version control, processing, messaging and extensive collaboration
capabilities |
| Reporting |
Real-time reporting tools that give everyone a global view
of all compliance, financials and risk management activities
with extensive drill-down capabilities |
| Incident Management |
Collect, store, and collaborate on compliance-related
incident information and track progress of investigations |
| Contract
Management |
Customized workflow processes that automate
collaboration, establish paths for approval routes and keep
everyone on track for timely revisions |
| Project Management |
Automated enterprise-wide project management
with collaboration and extensive review and reporting capabilities |
| Forums &
Meetings |
Manageable knowledge base of “frequently
asked questions” (FAQ)
and meeting management |
Benefits
- Reduction of operational surprises and losses
- Increased accountability and visibility into compliance status
- Identification and management of multiple, cross-enterprise risks
- Enforcement of organization standards and consistency in the risk/control environment
- Ability to quickly assess and take advantage of opportunities
The Compliance 360 Financial & Audit Solution allows organizations
to manage all facets of SOX compliance and Audit management while integrating
those activities with corporate-wide compliance initiatives. Since
the Compliance 360 platform is securely hosted, users are able to integrate
data from other financial and audit tools that are already in place
to protect investments and better manage compliance with an enterprise
view.
The Financial & Audit Solution provides business professionals
the ability to organize and manage any type of project across the
organization, document audit tasks and audit findings, track issues,
manage remediation tasks, and record resulting actions. Some of the
key features include robust testing & controls scheduling component,
control environment monitoring & email notifications, and customizable
risk scoring mechanism.
| Features |
Value |
| Sarbanes
Oxley Management |
Manage internal controls for financial reporting while integrating
SOX compliance tracking, measurement and monitoring with the
enterprise governance, risk and compliance strategy |
| Audit Management |
Organize and manage any type of project
across the organization, document audit tasks and audit findings,
track issues, manage
remediation tasks, and record resulting actions. |
| Reporting
& Analytics |
Real-time reporting tools that give everyone a global view
of all compliance, financials and risk management activities
with extensive drill-down capabilities |
| Automated
Assessments |
Complete suite of assessment tools to automate
monitoring of processes and compliance |
| Incident
Management |
Collect, store, and collaborate on compliance-related
incident information and track progress of investigations |
| Contract
Management |
Customized workflow processes that automate
collaboration, establish paths for approval routes and keep
everyone on track for timely revisions |
| Project Management |
Automated enterprise-wide project management
with collaboration and extensive review and reporting capabilities |
| Surveys |
Efficient, automated survey creation and data
collection makes performance monitoring simple. |
| Forums & Meetings |
Manageable knowledge base of “frequently
asked questions” (FAQ) and meeting management |
| Reporting & Search |
Real-time reporting tools that give everyone
a global view of all compliance, financials and risk management
activities with extensive drill-down capabilities as well as
comprehensive search capabilities |
Benefits
- Increased accountability and visibility into compliance status
- Decreased labor intensive processes, documentation and testing
- Enforcement of organization standards and consistency in the risk/control environment
- Increased employee efficiency and productivity through workflow enabled processes
- Reduction in current audit costs with secured, read-only defined remote access
|
