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The
following are a series of Frequently Asked Questions (FAQs) that can assist in
your understanding of the Compliancy solution.
If you have additional questions please contact Compliancy by either
emailing:
General: info@compliancysoftware.com
Sales: sales@compliancysoftware.com
Support: support@compliancysoftware.com
Public Relations: pr@compliancysoftware.com
Employment: jobs@compliancysoftware.com
Or call +1.919.342.6212.
Frequently Asked Questions (FAQs)
<Click on the question to view that section>
1. What is Compliancy
Internal Control Management (ICM)?
Compliancy's Internal Control Management (ICM) software is a single application that is BPM-based for automating any business process with built-in compliance controls to ensure results.
Companies have the flexibility to start automating any business process and then expand as needed to address any risk management requirements, any regulatory compliance requirements such as Sarbanes-Oxley, and any general business operations such as financial processes.
Compliancy Software's ICM solution provides the easiest, most comprehensive, and cost effective solution within a single integrated system.
It is Business Process Management (BPM) ensuring your future investment for expansion, adding new compliance requirements, and integrating with your business processes.
With ICM you can start automating your compliance requirements and expand to your general business processes to more effectively streamline your business processes, reduce your costs and improve your decision making.
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2. How will Compliancy improve
control?
Unlike other automation solutions, Compliancy has built-in regulatory level control processes and structures to ensure that your business processes are being adhered to within the company whether it is for regulatory compliance or general business operations.
This includes complete automation of all control processes, real-time continuous control monitoring, segregation of duties,security authorization, automated testing/auditing, certifications, evidencetracking, control documentation and associated control document management,
issues identification and remediation, and real-time management oversight and on-demand reporting.
In addition, since it is BPM-based, Compliancy can integrate all your ERM, compliance and general business operation processes as a single system with a single management view that reduces redundancies and reduces the cost of implementation, training and support.
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3. How
does Compliancy help maintain Sarbanes-Oxley compliance?
SOX compliance does not go away. It requires
annual compliance and even requires activities throughout the year. Compliance
degrades with time and must be maintained. Most
companies are looking for solutions to prevent an annual SOX crisis.
Compliancy
ICM is that solution. It automates and manages control for continual SOX compliance so audits
are much less costly and stressful allowing companies to return to their core
business.
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4. What is control
automation?
Compliancy automates internal control processes and the relationships between issues and remediation. This means that processes with complete control documentation, document change management, and communications can be automated through segregation duties, scheduling, certification, alerts, reporting and real-time dashboard monitoring. Some examples
include:
- Control
processes at the Entity/Enterprise level
- Control
processes at the process/department level.
- Integrate
control points in business processes at the transaction level.
- Policy
and procedure vetting
- Automated
audit preparation
- Issues
management
- Integrated
business processes
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5. Does
Compliancy replace external auditing activities?
No. Compliancy is focused on internal control. Your current level of external
auditing services are still required. It
will, however provide improved confidence in your system of control as viewed by
external auditors allowing audits to run smoother with cost savings since all the auditing documentation is securely and readily available.
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6. Will Compliancy ICM make
us SOX Compliant?
Compliancy is an automation technology and cannot "make you compliant." It can automate your compliance processes to reduce costs and increase efficiences.
Whether a company is "SOX compliant" is dependent on the processes and controls put in place by the company in conjuction with their internal departments and external audit and accounting firms.
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7. What technologies are
used in Compliancy?
Compliancy employs .Net and Ultimus to create a robust process management architecture.
Since
most enterprises depend on a related set of business processes, the Compliancy
architecture has been structured around Process Objects that can be developed,
tested, implemented and updated independently, without impacting other parts of
the application. This approach provides enormous advantages in flexibility and scalability.
Compliancy is Web services enabled based on the .Net platform. This provides an easy
method to integrate with other applications and services.
On
a lower level, Compliancy uses Microsoft .Net and Ultimus at its core for high
volume and secure transaction processing. Compliancy makes use of Windows
2000/2003 .Net Architecture and technology for scalability, dynamic load
distribution, and redundancy.
Compliancy utilizes
standards based XML Web services to enabled integration with other applications
such as SAP, Seibel and Microsoft BizTalk.
Compliancy will
even talk to Microsoft Office applications or custom developed applications
using Web services and XML, all without programming, scripting or macros.
Any stage within a
Compliancy process can be a direct interface to another Web services or
XML-enabled application. Compliancy fully automates this and has the capability
to synchronize with another application by waiting for a response to be posted
or launch a process with this technique.
Compliancy
integrates with most enterprise applications for a high degree of automation and
integrity. Some integration techniques and technologies include:
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Web
Services
-
XML
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COM+
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ASP/J2EE
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Shared
code including VB and dll's
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Automation
agents including database, MS Office, PDF, VB Script, database and more
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8. What are the
basic system requirements for Compliancy?
Compliancy requires a Pentium compatible system with Windows 2000 or 2003 Server or
Advanced Server with IIS. It also requires either Microsoft SQL Server 2000
database.
Minimum
supported hardware is 1Ghz processor and 512MB RAM for an operational system.
Multiple servers can be configured for dynamic application and network load
balancing and scalability.
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For more information contact us at info@compliancysoftware.com or call +1-919-342-6212
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