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From Sarbanes-Oxley to Enterprise Risk Management
Companies have invested heavily in becoming compliant with the Sarbanes-Oxley Act (SOX) and have discovered the
high cost of sustaining that compliance.
Companies are now turning to automation technology to reduce costs.
However, selecting a technology solution needs to consider more than just SOX if you are to truly create
business value from your investment. SOX
is just the tip of the iceberg regarding government regulations and risk
management.
The work done on SOX and similar regulations can be the foundation to build enterprise risk management
capabilities and integrate with general business processes to streamline your
business, reduce costs, more effectively manage risk, and improve your
operational performance.
In order to accomplish this and give you flexibility for the future, your solution needs to be business process
management based with the application flexibility to handle any compliance
requirement and enable an effective enterprise risk management system.
How you automate is
critical to more effectively reducing costs and creating value:
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Create
greater operational efficiencies for greater cost reductions!
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Enable
a distributed and accountable management model reducing costs and
bottlenecks
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Enable better business decision making as part of the business process!
Compliancy’s ICM provides business value beyond basic
automation:
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Free demo!
See the difference!
Contact Compliancy at info@compliancysoftware.com
or call +1-919-342-6212
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ICM is a comprehensive platform that is accessible via
any Web based network and provides complete control management capabilities
including complete automation of all control processes, segregation of duties,
security authorization, automated testing/auditing, certifications, evidence
tracking, control documentation and associated control document management,
issues identification and management and reporting.
The Compliance ICM solution is a single integrated platform that
is forms and template driven making it easier to implement and use, is
extensible to cover any regulatory requirement and can be utilized to automate
general operational business workflow processes.
The following provides an overview about the ICM advantages and benefits. For more detail on the capabilities and features see the Architecture and Feature and Benefit pages under the Products tab.
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 ICM advantages overview <click on one of the following to be taken to that section>
 Benefits for every level of user <click here to be taken to that section>
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Overview of the key ICM feature advantages
Roles Driven Interfaces Designed for Every Level of User
A ICM is designed to make it easier and more effective for use by every level of user. Executives have real-time dashboard monitoring, implementers a forms-driven consolidated control task interface, business owners only deal with
the task relevant to them, and the compliance team/audit have access to all of these with one-click test/audit automation and drill-down.
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Executive real-time Dashboard
provides real-time visibility, filtered views of control types, and easy drill-down access to detail at any level.
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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.
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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.
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Implementer fill-in forms/tables and visual workflow diagrams - Implementation and change is simple with fill-in forms, tables, and point-and-click selections make it easier and less costly.
Even the integrated pull-down menu selections are forms driven for easy customization to fit your business needs with no programming required! Workflows can be visualized in easy to understand diagrams to view relationships and processes.
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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™ directly to business unit owners
ICM allows you to integrate control tasks directly into business units for distributed and accountable management that is easier to use, faster to complete and reduces support and training costs. Business unit task owners only see and work with their relevant information when required. No
need to access complex systems, no need for extensive training.
Control activities (as individual tasks) are pushed down into the business unit and integrated into the business process. This adds value to the business unit and compliance.
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End user is delivered everything they need to do the task and nothing more.
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Tasks are handled via email with secure links to task forms - no logging into a complex system
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End user experience: Training is reduced, user acceptance is increased, value is added
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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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Optimized Automation™ and Management
Optimized automation allows you to realize even greater cost reduction, greater control, fewer errors, and
more responsive capabilities. The difference is real-time monitoring, issue prevention not just issue detection, complete issues management integration, and monitoring of transactions in applications. Realize more effective control.
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Reduces costs by reducing additional testing, manual issue resolution, and additional detection analysis.
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Real-time, continuous monitoring and preventive issue identification helps you identify issues before they happen and if control execution is falling behind schedule.
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Enables faster responsiveness to resolve issues and eliminate post issues management as well as significantly reducing risk and dealing with government issues.
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Business Process Management (BPM) based for a future proof investment.
ICM lets you start out of the box with built in templates for compliancy and then you can grow at your pace to integrate business processes. The Business Process Management foundation lets you extend across your enterprise and integrate your Enterprise Risk Management (ERM), any new compliancy requirements, and general business processes easily and quickly as a single integrated system.
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Solution can address any compliance requirement letting you start with one regulation and then extending to others with a single solution.
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Align, implement and manage your Enterprise Risk Management (ERM) and compliance requirements across the enterprise with a single solution.
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Enables cross enterprise integration to scale and extend management controls.
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More effective change management as requirements, laws and regulations change.
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The integrated business process management foundation allows you to go from compliance to complete business process automation across your entire company to realize significant cost improvements and more effective business decision making.
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Benefits for every level of user
Business Unit Users
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Perform control task more efficiently, thoroughly with
minimal job disruption.
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Optimized
automation of business processes for greater productivity.
Internal Compliance/Auditors
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Provides compliant tools for control documenting,
monitoring and audits.
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Easier management of all controls from one integrated
system.
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Reduced effort in monitoring controls, audits, and
financial data reporting.
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Automated, systemic control environment with
user accountability & evidence.
Executives/Management/Finance
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Align your governance, enterprise risk management, and compliance requirements across your enterprise for more cost effective streamlining and better business operations and compliance.
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Visibility into real-time control status and quality information.
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Ensures
sustained, operationally efficient compliance.
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Reduces
overall cost of compliance and allows for more efficient use of resources for a
better ROI.
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Reduces
compliance risk - better audit-ability, accountability & data accuracy.
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Improves risk management with greater visibility across all internal
controls allowing faster reaction and adapting to change.
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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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For more information contact us at info@compliancysoftware.com or
call +1-919-342-6212
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Copyright (c) 2006 Compliancy Software. All rights reserved.
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