Compliance Management

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Overview

Challenge

Complying with laws, standards, frameworks or regulations can be an expensive, complicated and labor-intensive process. Having responsibility for the Compliance program itself is frustrating when contacting and capturing details from various stakeholders. This becomes a resource-intensive task and providing any kind of update to senior management is then complex and time-consuming. Achieving and proving compliance is equally complicated as you need to show how you identify suitable controls, apply and then test them to ensure effectiveness. Many organizations manage their compliance processes using manual systems like spreadsheets, where centralized control and reporting on compliance activity is often unachievable.

Solution

SureCloud’s Compliance Management software refocuses the attention on the original objective of managing controls; providing a simple out-of-the-box control framework for practitioners and newcomers. SureCloud’s Compliance Management software includes centralized control libraries that are pre-populated with standards and regulations, which can be referenced by multiple departments or business entities. Individuals or groups are assigned ownership to assess the effectiveness and maturity of controls; allowing compliance professionals to focus on risk mitigation activities. Exceptions for each control can be logged, and any improvement activities delegated to facilitators. Finally, your compliance program and its effectiveness can be tracked in real-time through live dashboard charts and reports within SureCloud’s compliance solution.

Key Features

  • Risk Identification - Includes a Risk Catalogue to record and document the risk events your business units and functions may be exposed to.
  • Risk Registers - Create multiple risk registers to fit your needs and consolidate risk assessment data by category, description, likelihood, impact, ratings, controls and mitigation activities.
  • Risk Assessments - Create your own or use pre-built templates for functional areas to assess IT, project and business risk. Allows users to describe and score using preconfigured risk matrices.
  • Risk Matrix - Create your own or use pre-configured matrices that allow you to define impact values, likelihood and rating method.
  • Organisational Structure and Risk Rollup - Define the hierarchies for your reporting needs, aggregate risk register data at any level and weight business unit size or functional importance.
  • Tasks and Alerts - Automated alerts tell users of exceeded risk thresholds or of activities that need reporting. Integrated tasks and workflows expedite risk sign-off and escalation requirements.
  • Dashboards and Reports - A suite of out-of-the-box charts and reports you can configure to provide an enterprise view or down to a department summary of risk.