Governance, Risk and Compliance Related to Financial Controls Process Management

The uncertain climate of corporate America in the last few years has resulted in the introduction of sweeping, powerful pieces of legislation and operational policies designed to directly impact critical business segments such as financial controls process management. These regulatory measures, including the Sarbanes-Oxley Act and Basel II Accord, require affected organizations to take a more disciplined approach to governance, risk and compliance (GRC) initiatives.

Traditional approaches to governance, risk, and compliance have relied on separate point solutions to address each new wave of regulatory requirements. As a result, they often overlook a more comprehensive governance solution. This fragmented approach creates burdensome information silos which are both incomplete and expensive to maintain. Failure to properly integrate GRC data with automated processes and standardized information delivery creates cyclical inefficiencies, particularly in the area of financial controls process management, which results in additional costs and an inability for business leaders to maintain compliance initiatives based on informed and accurate decisions.

The Paisley Solution

The Paisley Solution, Paisley’s integrated software offering, enables diligent companies to standardize and automate GRC processes by consolidating information into a unified, central repository that can be conveniently accessed by governance, risk, and compliance teams, including risk management and internal audit departments. The Paisley Solution empowers executive management and business process owners with the ability to better reconcile relevant materials and risk analyses impacting their organizations. Using the Paisley Solution to revolutionize financial controls process management can act as a catalyst toward increased efficiency throughout an organization.

The Paisley Solution is the industry’s first integrated platform designed for Sarbanes-Oxley compliance, general compliance, as well as internal auditing and operational risk management. Proper implementation of this solution breaks down information silos, improves collaboration and consistency, and provides management teams with a dashboard overview of the risks directly impacting their business.

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