IBS America has updated CompliantPro for easier monitoring, assessment and reporting related to Sarbanes Oxley regulations. The new capabilities are available as an add-on option for the existing CompliantPro software.
The expanded version features tools to measure risk in real-world terms (such as exposure to fines), track risk response and documentation, identify the roots of delays or non-compliance and perform the required reporting.
IBS' CompliantPro is a comprehensive, Web-based solution for compliance and quality management. With its robust, flexible framework, CompliantPro can support any initiative to help reduce risk and increase governability. The product provides a platform to manage compliance activities for the full spectrum of regulations and standards across the enterprise.
"CompliantPro has always fostered efficient, streamlined compliance management that saves companies time and high costs," said Matthias Grossman, CEO, IBS America. "Thanks to our extensive research, collaboration with SOX expert partners and attention to user feedback, the product is better suited to the needs of the Sarbanes Oxley compliance manager."
IBS has bolstered its SOX compliance offerings through strategic partnerships with leading consultants. Recently, the company announced that Global Atlantic Partners, a risk management consultancy, is working with IBS America to provide CompliantPro customers with SOX compliance readiness and risk management advice and analysis.
IBS works with customers to foster a "Culture of Compliance," a holistic approach to all their compliance needs. Savvy compliance managers examine the common elements of all their compliance initiatives and work to build a common, coordinated management structure. With its improved capability to meet diverse compliant needs, the enhanced CompliantPro helps companies fulfill this objective.
CompliantPro manages all aspects of compliance including document control, notifications and alerts, escalation and employee training, ensuring that information is available and accessible. Easily configured to any organization's process workflows, CompliantPro is designed to conform to corporate compliance and business processes.
The system is suitable for one location or distributed global operations and features a personalized dashboard with real-time tracking to provide users with immediate visibility into the status of documents and tasks. CompliantPro, being entirely Web-based, can be accessed from anywhere using a standard Web browser, allowing enterprise-wide compliance management across all departments, business units and organizations.