Compliance Management
Enabling compliance teams to thrive.
Amidst a dynamic era of constant change, ensuring unwavering confidence in your business's alignment with regulations and company guidelines is of utmost importance.
The rapid advancement of innovative technology, increased data accessibility, and evolving business models and value chains are revolutionizing customer service, interactions with third parties, and internal operations. To thrive in this dynamic environment, it is crucial for compliance practices to adapt and stay abreast of the evolving compliance landscape.
Connected Risk® presents an exceptional Compliance Management solution that enables you to effectively address the diverse requirements of this ever-changing compliance landscape. With our solution, managing your organization’s compliance practice becomes effortless, empowering you to navigate the complexities of compliance with confidence.
Compliance Management provides you with the flexibility to self-configure pre-built workflows, dashboards, and reporting capabilities, allowing you to tailor them to align seamlessly with your unique applications.
Furthermore, it is important to acknowledge that your compliance function operates within a broader risk ecosystem, which encompasses neighboring risk and compliance functions. As a result, you have access to multiple pools of relevant risk data. However, it is worth noting that this data may not always adhere to a common standard and could be distributed across various legacy solutions that lack integration.
The Connected Risk® platform, which serves as the foundation for your solution, leverages advanced data modeling and mapping capabilities to effectively harness this data. Moreover, it facilitates a higher level of standardization, ensuring consistency and reliability in your risk management processes.
Our solution maximizes the value derived from these capabilities. We provide flexible assessment matrices that can incorporate data from any risk and compliance functions you choose to connect with. By leveraging the insights generated through these connections, you can make mid-cycle adjustments to your assessment plan, ensuring it remains focused on the most critical areas at any given time. This adaptive approach enables you to prioritize and address the most pertinent risks effectively.
Enhance your compliance management practices with readily available features that empower your operations from the moment you begin.
Framework
Create a strong control environment by setting up a centralized hierarchy for mapping and reporting that simplifies your compliance processes. Make use of industry frameworks to organize your content, identify any gaps, and gain an outside perspective for reporting and disclosure needs. Customize your controls using a flexible set of fields, making it easy to align with your organization’s structure and enable smooth reporting and access permissions. Foster accountability by assigning ownership and sending notifications directly to the right stakeholders’ inboxes. Keep a close eye on all changes with an integrated audit trail that maintains a detailed record of activity.
Monitoring & Accountability
Create tests to gather feedback from the business and evaluate the effectiveness of controls. Score the responses to identify any potential issues or risks that need attention. Automate the distribution of tests to the relevant owners, track their completion, send helpful reminders, and escalate overdue tests when necessary. Gain insight into the impact of control failures through impact assessments, which will aid in prioritizing remediation efforts. Additionally, centrally manage the identification and resolution of issues to streamline the remediation process.
Attestations
Embed a certification process that can be performed by one or more attestors to review and sign-off the current compliance position. Create a locked and time-stamped record of controls and issues reviewed; these historic records are available for reporting as needed and receive notifications, requests, and reminders, which are automatically triggered and sent to the relevant teams for review.
Compliance Reviews
Incorporate a user-friendly certification process that allows one or more attestors to thoroughly review and provide their official sign-off on the current compliance status. Generate secure and time-stamped records of controls and issues that have been reviewed, ensuring a reliable historical record that can be accessed for reporting purposes whenever necessary. Stay on top of important tasks with automatic notifications, requests, and reminders that are intelligently triggered and sent to the appropriate teams for their review.
Superior Reporting
Access all your consolidated compliance risk information effortlessly through our integrated reporting engine. Customize reports, charts, and heat maps to suit your preferences and needs. Our interactive and drillable dashboards, along with advanced visualizations, breathe life into your compliance profile. Best of all, these features are fully configurable by you, empowering you to tailor the experience to your liking.Connected Risk® provides you with a single source of truth that provides infinite linkage capabilities, and in turn, increases data quality and knowledge sharing
Connected Risk® utilizes enhanced drag-and-drop and powerful data mapping capabilities for creating additional taxonomies and linkages into neighboring risk areas.
Our Compliance Management solution is highly configurable and can help your teams:
Tailor-made, just for your organization
Tailor the solution to meet your team's growing regulatory needs.
Evolve with regulatory change
Ensure evolving regulatory needs and internal policy updates are incorporated into the organization’s data library.
Provide evidence with integrated reporting
Provide evidence of the latest taxonomies and relationships with our integrated reporting capabilities.
Expand with our RESTful API
Connected Risk® leverages RESTful web service endpoints that allow bidirectional integration of your data.
Competitively priced to help your organization manage your risk and compliance needs.
Whether you’re an individual, a small team, or a growing enterprise, we have a pricing plan for our suite of GRC applications that aligns perfectly with your goals.
Foundational
For individual contributors and smaller GRC teams.-
1-5 Users
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Fully Featured
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Cloud-Based Hosting Included
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Guided Setup¹
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Training & Documentation Included
Growth
For GRC teams that are growing and maturing their practices.-
6-10 Users
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Fully Featured
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Cloud-Based Hosting Included
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Guided Setup¹
-
Training & Documentation Included
Expand
For mature GRC teams that need more users.-
10-15 Users
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Fully Featured
-
Cloud-Based Hosting Included
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Guided Setup¹
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Training & Documentation Included
All pricing excludes EmpoweredNEXT/Build Your Own GRC Tool implementations or designs. No configuration option is available for Advance packages. If you’re looking for more advance workflow configurations, learn more about our enterprise pricing by filling out the form below. Configurations required will automatically enter into a different pricing agreement using the Connected Risk Enterprise pricing scheme. Contact us for more details.
Advance with confidence using Connected Risk™
No Code
Deliver customizable solutions designed to your team’s specifications, every time.
User Centric
Enable personalized user permissions and views designed for your team.
Speed
Experience 8 week sprint deliveries on our out-of-the-box solutions.
Integrate
Create a single source of truth with integrated data–internal and external.
"Connected Risk™ is a capable solution for various GRC use cases and industries. It is ideally suited for organizations moving from manual processes or legacy GRC solutions with a high ownership cost and older technology. Organizations engaging with the Empowered Systems Connected Risk solution will find that the speed of implementation and cost of ownership is superior to many other solutions available in the market."
Read the latest from GRC20/20 and Michael Rasmussen in the Empowered Systems Connected Risk™ Solutions Perspective.
Compliance can be easy.
talk to a compliance expert.
Fill out the form to the right to be connected to one of our Solutions Experts that can assist you with standing up a proof of concept or even working within your parameters to get a demo started for your group today.
Learn more about our Connected Risk® Compliance Management solution and how it can manage the entire GRC lifecycle within your organisation.
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Learn more about compliance from Empowered Systems®
Expand and integrate your solution with
Regulatory Change Management
Manage and change at the speed of regulatory change using a single source of truth.
Policy Management
Manage your organization's policy changes with regular reviews and checkpoints.
Audit Management
Simplify the workflow and collaboration process of compiling audits.
Operational Risk Management
Quickly identify, capture and manage multiple sources of risk across the enterprise.
Model Risk Management
Help senior managers understand modelling being used and be able to explain it with ease.
Expand with the Ecosystem
Expand your Connected Risk™ solution with our EmpoweredNEXT® partner applications.
"Powerful Platform For Compliance With Dynamic Regulatory Environment"
“The product is a powerful platform for regulated firms in the financial industry to comply with the ever-changing regulatory environment. The software helps my organization navigate rules and regulations, internal processes, and regulatory reporting requirements.”
Senior Associate, Finance Organization with an annual return of $1-3BN USD
