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Compliancy Software’s Internal Control Management (ICM) is a single GRC Plus™ application that is BPM-based for automating any GRC (Governance, Risk, Compliance) process PLUS any existing or custom manual controls for any business operation.
Compliancy provides complete risk and regulatory level control management capabilities for both regulatory
requirements AND to ensure compliance of any general business operation
process.
The net result is not only reduced costs and greater efficiencies, but more effective decision making because you can be assured
that your company is adhering to the processes put in place.
The following provides an overview of the features and benefits of the Compliancy solution:
 Benefits Section Overview – <Click on Benefit to go to
detail>
 Features Section Overview <Click on Feature Section to go to
detail>
Benefits Detail
Companies
can realize 20-35% greater cost reductions over current automation systems and
50-75% over paper based manual systems, utilize non-technical resources since
no programming is required, and integrate control tasks directly into
distributed business units reducing training and support costs.
In addition, since it is Business
Process Management (BPM)-based, customers can realize even greater cost
reductions and increased business value for automating any existing or custom manual controls for any business
processes and integrating their compliance implementations into their overall
company business processes.
The net result is reduced control
redundancy and streamlining the business for greater efficiency and
effectiveness.
The following provides more benefit details:
Ensure compliance for more effective business results
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Automate any existing or custom manual controls to reduce costs and improve effectiveness.
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Built-in controls ensure compliance with any regulatory compliance requirements.
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Built-in controls ensure compliance with any general business operation for more effective implementation.
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Ensures sustained, operationally efficient business operation.
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Reduces the cost, time and stress of maintaining enterprise risk management and any compliance.
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Greater overall cost reduction and more efficient use of
resources for a better ROI.
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Reduces cost of testing and issue management by preventative
issue identification.
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Allows companies to return their focus to their core
business.
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More effective
risk management and compliance management
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Ensures controls are being properly performed using
prescribed methodology.
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Maintains risk assessment and any compliance audit readiness.
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Provides visibility and confidence in control and compliance for all stake holders through an impartial system of
accountability.
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Reduces the corporate and personal risks associated with any
compliance.
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Improves any risk management and compliance processes, documentation and policies.
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Reduces compliance risk with better audit-ability,
accountability & data accuracy.
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More effective business
management
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Flexibililty to start with any business process and then expand and integrate for greater efficiency.
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Improves management with greater visibility across all internal controls for faster reaction and adapting to change.
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More effective control over business processes by improved
accountability.
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Easier and more effective management through consolidation
and automation across ALL enterprise internal controls with a single management
system.
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More effective business execution through integration of
control with business operations and processes.
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More effective streamlining of processes across the entire
business.
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Empowers management with overall visibility to their
company’s processes and be more responsive to issues and changes.
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More effective execution of business strategy through
compliance integration.
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Future proof your solution for change and growth
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Most flexible and efficient solution to maximize cost
reductions, provide for growth, manage change and execute an integrated business
strategy.
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Enables cross enterprise integration to scale, extend
management controls.
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More effective change management as requirements, laws and
regulations change.
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Customizable to extend to other compliance requirements
minimizing training costs.
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Ability to go from risk management and any compliance implementation to business process management
to realize more significant cost savings and business process
value.
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Feature Details
Built-in compliance controls for any process requirement
- Compliancy’s ICM provides easier and more effective complete built-in control management capabilities for any regulatory andinternal business operation process.
- Compliancy provides complete risk and regulatory level control management capabilities:
Documentation, automation and management of all risk, compliance and control processes,
rules based routing, segregation of duties, security authorization,
automated testing/auditing, certifications, evidence tracking, issues
management and reporting for both regulatory requirements AND to
ensure compliance of any general business operation process.
- Unlike other solutions, Compliancy’s solution can be used to automate any existing or custom manual controls to utilize and integrate what you have today with what you need in the future. The result ensures that BOTH business processes andregulatory processes are adhered to with complete management oversight,
accountability and audit-ability.
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Roles Driven Interfaces to Enable Every
User
- Implementer
fill-in forms/tables and visual workflow diagrams - Simple fill-in
forms/tables, and point-and-click selections make it easier and less costly.
Integrated pull-down menu selections are forms driven and customizable. Workflows
can be visualized in easy to understand diagrams to view relationships and
processes.
- Executive
real-time Dashboard provides real-time visibility, filtered views of
control types, and easy drill-down access to detail at any level.
- Compliance
Manager/Audit consolidated controls management interface for
immediate access to all accounts, procedures, risks/concerns and control types
accessible on a single page in a hierarchical or category view with complete
drill down to any level.
- Business
unit task owner email driven forms/task completion provides only the task
for the user to complete in an easy to understand form that is customizable.
- Any user on-demand one click reporting - On-demand one click
reporting with built in reports to cover most reporting requirements and
customizability to fit your specific needs.
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Individualized Task
Routing
- Control
activities (as individual tasks) are pushed down into the business unit and
integrated into the business process.
- End user is delivered everything they need to do the
task and nothing more.
- Tasks are handled via email with secure links to task
forms - no logging into a complex system.
- End user experience: Training is reduced, user
acceptance is increased, value is added
- End users have simple interface to administer their
own tasks (out of office, etc.), reducing the administrative load on the
compliance / audit team.
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Real-time Dashboard with
Continuous Monitoring
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Real-time continuous monitoring
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Single page consolidated real-time visibility of key
management information
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Customizable drop down filter selections for different view
of control status
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One click drill down access to control level detail
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Quick view graph status of controls status (started, late,
completed)
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One click access to tools for more comprehensive status and
change management
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Easier Implementation with Forms and Table driven
interface
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Administrative fill-in-forms for company configuration of
control parameters.
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Simple fill in forms and tables for control definitions,
procedures and documentation linkage – no programming!
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Company defined pull down menu selections eliminate costly
and error prone hand entry.
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Customizable workflow templates of company compliancy
processes to start quickly.
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Easy to understand workflow diagrams to plan process
logic.
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Easier management with
consolidated view of internal controls
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Access control information, including accounts, processes,
controls, assertions and documents are consolidated into a single relational
view.
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Can be managed in an easy to navigate hierarchical or
category relational tree format.
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Easy, one click drill down all the way to the forms
level.
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Accounts, procedures, concerns and controls.
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Basic control automation
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Predefined
and customizable workflow templates for Control processes.
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Control processes are automated by forms driven Control
Automated Procedures (CAPs) to drive compliancy controls.
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Flexible and scalable with any number of CAPs for a Control
process.
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Easy point and click scheduling of CAPs for monitoring,
testing, certifications, audits, and reporting.
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One button on-demand triggering of CAPs for monitoring,
testing, certifications, audits, and reporting procedures.
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Detective CAPs can be defined to determine issues post
transaction.
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Segregation of Duties for authority, responsibility, and
authorized change management.
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Secure document storage and distribution with automated
links to control procedures.
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Documents maintained via workflow for routing, version
control and accountability.
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Signature image certification can be included in control for
certification.
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Optimized control
automation
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Continuous real-time monitoring of controls can be specifically created
for greater responsiveness and flexibility.
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Transactional controls for integration of external application controls
providing complete business process control loop coverage.
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Can specify who gets what information for a process so that only relevant
information is routed to individuals to reduce confusion and more effectively
enable actions.
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Automated preventive controls can be defined to identify issues pre
and/or during transaction to “prevent problems” therefore reducing risk and
costs.
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Issues management can be completely automated and integrated with
processes, people, and certified resolutions to reduce cost and time of manual
issue management.
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Issues management is integrated with reporting for faster and more
complete disclosure.
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Automation and events can be business rules driven for better integration
with business process and more effective automation of risk
management.
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Integrated authorization security for responsibility identification,
certification, and change management.
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One-button real-time report generation.
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Real-time Dashboard management oversight to increase responsiveness and
provide early warning indicators (see Dashboard).
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Control assertion
certification
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Control Automated Procedures (CAPs) can be specifically designated as a
control assertion certification to enable easier viewing of overall
status.
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Every control decision, approval, test point and other control
certifications are automatically recorded for full complete tracking and better
audit-ability.
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All Control activities at all level can be certified and
viewable.
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All control activities can be automated for assertion
certification.
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On-demand testing/audit
management
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Control Automated Procedures (CAPs) can be specifically designated
as a Testing or Audit type to enable easier viewing of overall status.
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Easy point and click scheduling of automated testing and audits with full
tracking and reporting to verify and maintain security integrity.
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One button on-demand triggering of testing and audit can be performed at
any time with full tracking and reporting for spot checks and requested
checking.
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Flexible reporting of consolidate results and evidence including
exception report if out of range for user set “tolerances.” · Audit data can be
compared against data from other systems for validation.
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Easily accommodate all levels of audit requirements including internal
corporate audits, departmental audits and external audits
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Integrated Documentation Management
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All business processes, control processes and relational control
information is automatically documented and managed.
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Document Control Procedures (DCPs) allow automation of the update and
approval of control documentation.
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Control certification (sign-off) process for documents is integrated into
the procedure for complete tracking and audit-ability.
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Automated vetting of documentation with secure authorization, change
control and version tracking in order to maintain SOX policies and
procedures.
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Documents can be stored remotely or stored by the ICM Documentation
Management System routed as required for controls procedures.
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Documents can be stored and integrated with ICM and your existing
documentation management system.
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On-Demand and Automated
Reports
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Real time dashboard with customer designed selectable filters for
different views of the data and one-click drill down (see Dashboard
section.
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One button on-demand automated reports and distribution covering the
reporting requirements for more effective risk and compliance
management.
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Scheduled automated reports and distribution for management
analysis.
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Automated reports for testing, auditing, control evidence and control
results for issue and risk management.
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Easy to read graphical view of process status about each
incident of a workflow process including control status, steps completed, when
completed, steps active and length of time.
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Easy to read summary of process workflow to measure and
assess process including average time to complete a process or task, cost of
implementing a process, and cost of each step.
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Easily export data to third party analytical tools such as
Excel, SAS or Crystal Decisions.
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Integrated Business Process Workflow
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Business process driven workflows with out-of-the-box templates for SOX
compliance for fast startup and growth
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Can be extended to include current business processes as an integrated
management system greater efficiency, greater control and easier change
management.
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Can be extended and scaled across the enterprise.
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Complete integration possible across all processes, documents,
applications and people unlike component or single point
solutions.
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Greatly simplifies the process, and it can be integrated across the
enterprise as part.
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Business process automation modeling tool available for customized
process development.
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Control Life cycle management implementation
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Can be integrated with existing business workflow processes and other auditing applications, existing document management systems, and across other applications with control processes for a single view of the entire process.
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Automate and manage entire control life-cycled from definition, documentation, control procedure implementation, testing and assertion, audits, issue management, reporting and control change/retirement.
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Integrated system automates relations between financial assertions, accounts, processes, documentation and control organized around COSO.
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Integrated system provides a relational consolidated view of control data to more efficiently maintain control procedures.
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Provides coverage of every level including automated control procedures at the entity for corporate audit control and testing, process for process level automation, and transaction level for integration with external applications.
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Complete segregation of duties and security authorization for implementation, change, and access.
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Complete and integrated policies, procedures and documentation to ensure compliance through automated scheduling, on-demand requests or trigger driven data or events.
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For more information contact us at info@compliancysoftware.com or call +1-919-774-1010.
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