After investing significant resources to meet financial, IT, and other internal control focused compliance requirements such as Sarbanes-Oxley, COBIT, and ISO 27001, many organizations have grown frustrated with the inefficiency and redundancy of spreadsheets, Word documents and first generation compliance and documentation tools. Many organizations now realize just how much time and money are required to sustain these burdensome processes and are seeking better ways to ease and simplify their internal controls management and compliance processes.
Thomson Reuters Accelus internal controls solutions offer an effective, proven approach to achieving and sustaining compliance by providing visibility into material compliance processes and issues and delivering the framework for efficiently supporting the requirements imposed by regulation.
Gain Visibility and Oversight
As part of the Thomson Reuters Accelus suite of internal controls solutions, Enterprise GRC provides a comprehensive system for collecting, documenting, and maintaining internal controls data, establishing clearly defined ownership and automating workflow, as well as creating repeatable compliance business processes. Designed to foster collaboration between internal audit and internal controls, Enterprise GRC allows multiple users to leverage common risk and control libraries, rely on shared issues and action plans, identify and link regulatory requirements to relevant standards and best practices and ultimately drive down the cost of compliance. This approach delivers positive oversight that allows your organization to demonstrate that risks are managed and corporate objectives are supported and achieved.
Streamline Processes and Reduce Redundant Activities
Designed to enable collaboration between internal audit and internal controls, our solutions help you meet the unique requirements of internal controls management by enabling multiple users to leverage common risk and control libraries, and rely on shared issues and action plans. Enterprise GRC delivers positive oversight that enables organizations to demonstrate that risks are managed and corporate objectives are supported and achieved. By sharing common functionality for risk assessment, reporting, issue tracking and a central library of risks and controls, our solution eliminates redundant data entry and maintenance. This approach provides a unified system for effective collaboration between governance, risk and compliance groups.
Provide Transparency and Business Intelligence
Enterprise GRC offers a variety of built-in reports including executive heat maps, online views, scorecards and dashboards. It also includes a powerful ad hoc reporting tool that enables users to create customized managerial reports and charts independently, thus reducing the support burden on corporate IT departments. These reporting options drive time and cost savings for business process owners and provide the executive team direct oversight of accounts and deficiencies related to compliance efforts.