Why Your GRC Software Should Map to Your COSO Framework
Growing regulatory oversight, more business complexity, and the increased focus on accountability have led enterprises to seriously consider GRC software solutions. In fact, a recent Deloitte survey explained how roughly 40% of organizations said they were likely to make a major investment over the next 12 months. COSO’s 2013 update comes as a reminder of […]
Why It’s Important to Customize Your GRC to Your Compliance Process
While 83-percent of organizations participating in the 2017 Protiviti Sarbanes-Oxley Compliance Survey have plans to automate at least some of their compliance process within the next year, many struggle to find solutions that accommodate their GRC compliance processes. Many GRC systems today fall short of allowing companies to customize it according to their internal controls […]
The Advantages of Compliance Central over a Manual Process
Creating consistent GRC data standards and communicating them effectively is challenging for many organizations. Often, source data from multiple locations is incompatible, creating unclear controls visibility and stifled communication. Add to that, the difficulty of gaining visibility of the status of internal controls and gaps which further increases the chances of errors and costs. While […]
How a GRC System Helps Your Internal and External Auditors
As businesses become more global and complex, and regulatory requirements and scrutiny increases, the demand for a flexible internal control system that adjusts to changes in business, operating and regulatory environments continues to grow. Internal controls and process documentation cannot exist in silos or it becomes useless. COSO’s framework emphasizes the need to assess and […]
How Compliance Central Helps Your CFO and CAO
Let’s face it, CFOs, CAOs and financial teams in general have a lot of responsibilities for the financial functions and health of an organization. And while the CFO and CAO roles and responsibilities vary greatly, they have a lot in common – responsibility for internal controls, financial disclosure, and watching the bottom line. But despite […]
How Compliance Central Increases Visibility
As organizations look to improve the way they manage risk, internal controls and compliance processes, Compliance Central is offering a software solution that controls documents and tracks gaps, reconciles accounts and allows remote auditing, so it’s easier to certify, report and disclose all relevant data to stakeholders. Built on the Salesforce platform, Compliance Central integrates […]
GDPR 2018: Are You Prepared?
Legal Disclaimer: This document is a broad overview of the forthcoming EU General Data Protection Regulation (GDPR) and does not provide legal advice. We urge you to consult with your own legal counsel to familiarize yourself with the requirements that govern your specific situation. Data protection and compliance is becoming the topic de-jour amongst Audit […]