July 8, 2009 -
Using Governance Portal(TM) v3, organizations get insight to manage and mitigate risk and compliance issues. Management can define appropriate policies and procedures and then map them across enterprise to understand impact of policy changes. Risk and control self-assessments help organizations consider quantitative and qualitative drivers of risk. With audit management capability, program offers enterprise risk assessment, scheduling and resource management, reporting, and monitoring/follow-up.
Protiviti's Enhanced GRC Solution Enables Sustainable and Cost-Effective Compliance Management
Protiviti releases new version of the Governance Portal
MENLO PARK, Calif., June 24 /-- Protiviti Inc., a global business consulting and internal audit firm, today announced the release of the Governance Portal(TM) version 3, a software solution to manage governance, risk and compliance (GRC). The Governance Portal integrates Protiviti's proprietary content and consulting expertise with commonly accepted governance frameworks to establish a comprehensive platform that gives organizations the visibility and insight they need to manage and mitigate critical risk and compliance issues.
"Companies are increasingly challenged to balance the demand to increase performance with the need to minimize risk," said Scott Gracyalny, managing director and global leader of Protiviti's Risk Technology Solutions practice. "With the Governance Portal, we deliver a cost-effective solution for compliance with internal and external policies, procedures and regulations, along with the ability to dive deeper into the GRC activities that can add the most value to our customers. Companies choose the Governance Portal because it allows them to continue to aggressively pursue their corporate objectives as they strive to uphold the values of the organization and reduce overall risk."
The latest release of the Governance Portal enables all key elements of a GRC program, including the following:
-- Management can define the appropriate policies and procedures and then map them across the enterprise to understand the impact of policy changes and to drive certification.
-- Risk and control self-assessments support real-world scoring techniques that help organizations consider both quantitative and qualitative drivers of risk, including financial loss, business continuity, regulatory impact, reputational exposure and human resources.
-- An integrated survey feature makes it easy to involve stakeholders -- including employees and suppliers -- in the assessment process while continuously updating underlying elements of the risk and control framework.
-- An event and loss management capability facilitates the collection of actual, external and virtual loss data and supports integration with third-party source systems. Loss data can be recorded in local currency and converted to the base currency based on historical exchange rates.
-- Key indicators enable organizations to measure both performance and risk, giving them more confidence to aggressively pursue their corporate objectives while still managing risk.
-- The audit management capability includes enterprise risk assessment, scheduling and resource management, execution, reporting and monitoring/follow-up. Auditors are also able to complete fieldwork while disconnected from a server or the Internet. Audits are performed against the central risk and control register while allowing auditors to secure their detailed audit work. This interaction contributes to management's overall GRC perspective while maintaining independence of the audit.
-- Issues and action plans are contributed to a central repository from all GRC communities within the organization, thus providing a single platform for managing all findings across the enterprise.
-- A reporting engine provides management with an integrated outlook for decision-making that balances performance with assessment of risks.
"This latest release of the Governance Portal provides our customers with the platform to enable strategic processes that sustain operating results in this challenging economic climate," said Gracyalny.
About Protiviti
Protiviti (www.protiviti.com) is a global business consulting and internal audit firm composed of experts specializing in risk, advisory and transaction services. The firm helps solve problems in finance and transactions, operations, technology, litigation, governance, risk, and compliance. Protiviti's highly trained, results-oriented professionals provide a unique perspective on a wide range of critical business issues for clients in the Americas, Asia-Pacific, Europe and the Middle East.
Protiviti has more than 60 locations worldwide and is a wholly owned subsidiary of Robert Half International Inc. (NYSE:RHI). Founded in 1948, Robert Half International is a member of the S&P 500 index.
Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial statements or offer attestation services.
CONTACT: Kathy Keller of Protiviti, +1-650-234-6252, kathy.keller@protiviti.com
General Information:
Kathy Keller
USA
Phone: 650-234-6252 E-mail this person Company Information: Name: Protiviti Inc Address: 1640 King Street Address: Suite 400 City: Alexandria State: VA ZIP: 22314 Country: USA Phone: 703-299-3444 http://www.protiviti.com
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