Dodd Frank

Streamline Compliance Management Program, Reduce Cost of Compliance:

•    Quickly and reliably comply with the full range of compliance requirements
•    Automate self-assessment, controls evaluation, and management certification processes                                                                                                                                                                           
•    Improve visibility into issue and remediation activities with monitors and dashboards
 

The Dodd-Frank Act is not only enormous in scope; its rules are being shaped and reshaped by political and corporate considerations over an extended period of time. Through it all, the chief audit executive and internal audit must forge a strong connection with those in the C-suite in order for top executives to stay informed.  While these regulations may be painful now, in many cases the resulting benefits are significant. For example, data quality and transparency are both areas where many banks have been looking to make strides for years. With Dodd-Frank, they have to make improvements—even if they must be made on a timeline that banks may not have tackled on their own. Timing aside, there may be benefits that can come from embracing (and maybe even surpassing) these new regulatory data and transparency expectations.

FulcrumWay Enterprise Compliance Manager enables management testing as required by compliance regulations. The compliance framework can be configured for various industry and regulatory frameworks such as AML, Basel II, COSO, Cobit, FCPA, FISMA, FERC, HIPAA, NCR, OMB-123, OSHA, PCI DSS and Solvency II.

FulcrumWay Business Ontology Analytics extracts data from enterprise data sources such as SAP, Oracle E-Business Suite, PeopleSoft, and J D Edwards as well as internal control databases to improve testing effectiveness and findings across the enterprise in a single integrated solution. The FulcrumWay GRC DataProbe™ collects testing samples from ERP systems and stores control evidence in the FulcrumWay GRC DataHub™. Interactive dashboards for real-time corrective action modeling allow business managers to explore risk exposure in an ad hoc manner.