The emergence of Sarbanes Oxley has sparked much discussion about the importance of managing risk for financial assets. But savvy professionals take a strategic, company-wide approach to risk management, minimizing all risks that can significantly undermine business value. By performing Enterprise Risk Management (ERM), companies protect the safety of all their resources, including governance, business processes, operations, and network infrastructure.

 

Download a data sheet about IBS’s web-based Enterprise Risk Management software, CompliantPro. CompliantPro is a platform for all your risk management goals, including compliance with Sarbanes Oxley (SOX), ISO 17799, ISO 14791, Basel II and AUS/NZS 4360.  The software facilitates the rollout of compliance frameworks like OCEG "Red Book" and COSO ERM. Plus, CompliantPro enables integration with all your other compliance and quality processes, fostering true Enterprise Compliance Management.

 

With IBS Risk Management Software, you can:

• Perform comprehensive risk assessments
• Identify and continuously reassess associated controls
• Monitor the status and results of all risk assessments and controls
• Evaluate control effectiveness
• Integrate risk management with all GRC initiatives
• Create and track action items, CARs, PARs and meetings from Control Tests depending on the severity and scope of the results
• Escalate missed deadlines to responsible management
• Automatically route Risk Assessments and Control Tests to appropriate parties for approval
• Automatically notify assignees of pending Risk Assessments and Control Tests
• Have multiple options for securing document access based on individuals, groups or roles
• Access unalterable audit trails

Our Enterprise Risk Management solution is a fully integrated part of our compliance and quality management software, CompliantPro.

 

 

 

Before IBS Enterprise Risk Management Software: Different business functions performed the same risk management activities separately, wasting money and effort. They failed to see the benefits of a common, integrated system for assessing and managing risk.

 

After IBS Enterprise Risk Management Software: CompliantPro users realize that when they utilize an integrated risk management system, they lower costs and drive efficiency while mitigating risk for customers, employees and stake holders.

 

 

 

Before IBS Enterprise Risk Management Software: Companies spent millions of dollars every year complying with Sarbanes Oxley. These extraordinary expenses came with untold opportunity costs, as employees spend countless man-hours weeding through disorganized documentation, rather than focusing on other priorities.

 

After IBS Enterprise Risk Management Software: With a system for storing compliance documentation and performing necessary processes, companies transform Sarbanes Oxley from a burden to a benefit. They do away with the nightmarish all-nighters in the weeks before an audit, and begin maintaining compliance all year long as they proactively manage business risks, saving money and improving their overall risk profile.

 

 

 

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