SOURCE: Paisley Consulting

November 16, 2006 09:00 ET

Paisley Consulting Launches New Version of Its Integrated Platform for Governance, Risk and Compliance

Latest Version of The Paisley Solution Includes Expanded Reporting and Risk Management Features, and Access to Auditing and Compliance Research

COKATO, MN -- (MARKET WIRE) -- November 16, 2006 -- Paisley Consulting, a leading provider of governance, risk and compliance (GRC) and audit software solutions, today announced the availability of Version 2.3 of its flagship Paisley Solution software.

The new version of The Paisley Solution features enhanced reporting capability, expanded operational risk management (ORM) functionality and new tools for auditors. The Paisley Solution also includes access to auditing, SOX and risk management content through its integration with Thomson RIA Checkpoint®, the leading research tool for accounting and tax professionals.

"The Paisley Solution has become the platform of choice for enterprises looking for a strategic and integrated approach to GRC," said Tim Welu, CEO of Paisley Consulting. "This version of The Paisley Solution offers several new features that will enhance productivity, usability and efficiency for everyone involved in the corporate governance process."

New reporting features include dynamic HTML linking from ad-hoc created reports, a dashboard for audit governance and enhanced desktop views for every individual. New fully configurable features, such as customer-based email notifications and the ability to rename fields, make the Paisley Solution the most configurable application on the market. Auditors now can automatically populate audit reports by publishing data directly into their own audit templates.

Expanding its ORM capabilities, The Paisley Solution includes event tracking capability to document loss events and near misses. For greater productivity, new workforce scheduling functionality provides an interactive view of the audit schedule.

The product's integration with Thomson RIA Checkpoint enables users to access checklists and documentation providing expert guidance in internal audit, Sarbanes-Oxley compliance and risk management. Customers can access this valuable content from anywhere within the application.

The Paisley Solution is the industry's only integrated platform for Sarbanes-Oxley compliance, operational risk management, internal audit and general compliance. By facilitating standardized, automated and collaborative processes between risk management, compliance, internal audit and business units, it eliminates the information silos that impede organizations' ability to truly evaluate the risks impacting their business. The Paisley Solution empowers executive management with the ability to better reconcile these risks and ensures risk evaluations are completed quickly, consistently and accurately.

The Paisley Solution integrates two of Paisley Consulting's proven software products, AutoAudit and Risk Navigator, leveraging best practices learned from hundreds of successful implementations, a single technology platform and a unified database of information. The result is greater efficiency, improved collaboration, and reduced time and resource costs associated with risk management and compliance processes.

Available now, the new version of The Paisley Solution is free of charge for current customers who are active with their annual support contracts. Current customers can initiate the upgrade process by calling their account manager at 320.286.4526. New customers interested in further information about The Paisley Solution can call 888.288.0283 or visit

About Paisley Consulting

Paisley Consulting, the industry-leading software vendor used by more than 1,250 organizations, including 35 percent of the Fortune 100 companies, provides software for governance, risk management and compliance (GRC) including financial control process management and audit automation solutions. Since 1995, Paisley has delivered comprehensive and tightly integrated solutions to better identify and reconcile the risks impacting organizations, allowing users to ensure that evaluations of risks are completed quickly, consistently and accurately.

Leveraging industry best practices, a common technology platform and a unified database to facilitate standardized, automated and collaborative processes across the enterprise, Paisley Consulting customers are empowered to improve the accuracy, consistency and efficiency associated with Sarbanes-Oxley compliance, internal audit, general compliance and operational risk management initiatives. Developed for companies of every size and across multiple industries, Paisley Consulting's solutions can be implemented as an integrated whole for maximum value or may be deployed as individual point solutions. Either way, our best-of-value solutions can help you reduce costs and target opportunities for continuous improvement. For more information visit

Contact Information

  • Press Contacts:
    Stacey Billy
    Paisley Consulting
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