NeoGRC Compliance Manager helps achieve and manage multiple compliance initiatives across the enterprise

NeoGRC Compliance is an automation and collaboration platform for stakeholders in finance, compliance, information technology and audit to manage one or more compliance initiatives such as internal control, SOX compliance, ISO 27001 and PCI DSS. NeoGRC Compliance structures controls and policies such that a common framework can be used to comply with multiple initiatives simultaneously to avoid audit fatigue. NeoGRC Compliance provides automation for assessments, certifications, testing and issue management, enabling better allocation of scarce compliance resources. Assessments can be in the form of simple forms or surveys and issues can be automatically generated based on adverse responses or out-of-tolerance assessment values. NeoGRC Compliance’s aggregation engine enables comparison and correlation of top-down and bottom-up assessment results, as well as multi-dimensional analysis along different data hierarchies such as organization unit, business process and compliance initiative.

Establishing a Compliance Management Process

NeoGRC Compliance supports the implementation of a best-practice, unified compliance management process for initiatives such as SOX, Health and Safety, IT compliance or other industry mandates. NeoGRC Compliance provides data aggregation, control mapping and process automation to operationalize the framework.

Compliance Documentation

NeoGRC Compliance is a centralized repository that allows the capture of process and control documentation throughout the business which can be associated with compliance initiatives, whether they are being driven by regulatory requirements, best-practice frameworks or internal mandates. Ownership and assignments can be defined at a documentation level, as can the steps that support testing processes and the automation capability.

Compliance Automation

NeoGRC Compliance automates the collection of process, policy and control assessments, attestations and certifications through structured workflow capabilities. Reminders, escalations and approval mechanisms mean that the compliance process can continue to turn over without compliance managers having to drive every aspect of the processes. This allows for more consistent, predictable achievement of compliance goals, and delivers metrics such that progress reporting can direct compliance managers to areas of need.

Prioritized and Unified Compliance Testing

NeoGRC Compliance supports the automation of assurance testing, using risk and assessment output as a means of prioritization, to focus testing on areas of greatest assurance requirement. Through control mapping, NeoGRC Compliance also allows compliance managers to “test once, comply many times”, wherever appropriate, reducing the burden of complying with many regulations and mandates.

Automated Remediation

NeoGRC Compliance allows the automated and manual capture of issues for remediation as a result of assessment, attestation, certification or testing activities so that remediation of gaps can be addressed in a structured, automated fashion.

Compliance Analysis and Reporting

NeoGRC Compliance aggregates, calculates and visualizes compliance status along multiple dimensions, such as organization hierarchy, regions and business processes, giving the business point-in-time assurance on compliance initiatives. A library of pre-built reports, dashboards, and metrics encapsulates the knowledge and insight from Neohapsis Advisory Services.

Feature Highlights

• Capture process, control and testing documentation for multiple compliance initiatives in a centralized repository
• Configure best-fit assessment types and control the ways in which they aggregate up the organization
• Automate assessments, attestations, certifications and testing for continuous monitoring processes, including reminders, and multiple levels of approvals
• Gather assessments via optional survey functionality
• Capture and track key risk indicators (KRIs) as objective measures alongside assessments
• Define thresholds and escalation points based on out-of-tolerance bands
• Report on and analyze compliance postures across multiple dimensions
• Automatically or manually generate, assign and manage issues to manage and track compliance gaps
• Sign off on and archive documentation and activity results by period for historical record and trend of compliance posture
• Get started using best-practice reports, surveys and prioritization developed by Neohapsis Advisory Services, or develop your own