Printable version

Atlanta, GA. – May 19, 2010 – Compliance 360, a leading provider of enterprise governance, risk and compliance (GRC) solutions, will showcase two of its latest applications, Internal Audit and Third Party Risk Management, at the American Bankers Association (ABA) Regulatory Compliance Conference in San Diego, June 13-16, 2010.

Released earlier this year, the Internal Audit solution from Compliance 360 helps organizations easily tailor processes to fit unique requirements as they automate critical tasks throughout audit planning, fieldwork, reporting and follow-up processes. The system provides a centralized repository of all audit plans, workpapers, audit workprograms, findings, reports and follow-up. The Internal Audit solution improves visibility and control by serving as the internal audit system of record. As one of the Compliance 360 GRC applications, Internal Audit shares a common platform, library of processes and controls with the other Compliance 360 applications. This integration helps to ensure that Internal Audit teams can work in concert with Compliance and Risk Management groups and fully leverage their assets.

Designed to manage much more than vendor credentialing and initial sanction verifications, the Compliance 360 Third Party Risk Management application is an industrial strength solution that addresses the full spectrum of supplier/vendor risk management requirements including regulatory compliance and audits. Also announced earlier this year, this comprehensive solution includes Compliance 360’s robust contract management system as well as policy and procedure management, incidents and case management, and internal audit. The system supports proactive risk assessments and scoring with heat map dashboards that highlight critical vendors and their risks, and enables drill-down to identify and address underlying issues. All third party contracts and risk management policies, actions, assessments and incidents are tied together in the industry’s only Virtual Evidence Room™. This unique capability helps organizations maintain an audit-ready state with a comprehensive view of compliance. Third party risk information is also linked back to the Compliance 360’s Enterprise Risk Management system to enable centralized management and reporting of internal and external risks.

“In today’s environment of increasing oversight and a sea change in federal regulations, compliance, audit and risk management challenges in the financial services industries have never been greater,” said Steve McGraw, president and CEO of Compliance 360. “In our recent benchmark survey with 300 financial services organizations, regulatory compliance was consistently ranked as a top priority for 2010 and nearly 50% of those surveyed cited compliance and risk management related to third parties as one of their specific areas of focus. Our products are uniquely positioned to help financial services organizations address these increasing challenges and we are looking forward to participating in the ABA Regulatory Compliance Conference and showcasing our new applications”.

About Compliance 360

Compliance 360 is a leading provider of enterprise governance, risk management, audit and compliance solutions for companies that operate in highly regulated industries.  The Compliance 360 Software-as-a-Service (SaaS) solution suite helps companies address policies and procedures management, regulatory compliance management, internal and external audits, accreditation, incident management, enterprise risk management, third party risk management, contract management and IT governance.  Customers benefit by reducing risks, improving efficiencies and protecting their brands.  Compliance 360 is headquartered in Atlanta, GA and assists over 150,000 active users in highly regulated, complex business environments including healthcare, insurance, financial services and other industries. For more information, visit www.compliance360.com.

Editor's Note: Compliance 360 is a registered trademark of Compliance 360, Inc. Virtual Evidence Room is a registered service mark of Compliance 360, Inc. All other trademarks are recognized as proprietary to their owners.