SOURCE: EthicsPoint

EthicsPoint

April 12, 2011 10:31 ET

EthicsPoint Unveils Adaptive GRC Framework, Provides Solutions to Address Growing GRC Needs

New Solutions, Products and Services Form Critical Component of Effective Compliance Programs

PORTLAND, OR--(Marketwire - Apr 12, 2011) - EthicsPoint, a recognized innovator in helping organizations raise visibility and mitigate operational risk, today announced the next phase in the evolution of governance, risk and compliance (GRC) management with our Adaptive GRC Framework. The Framework allows EthicsPoint to meet customers' unique needs, but -- most importantly -- grows with them as their requirements shift and evolve.

"Being able to meet customers at any point along the GRC continuum is one of the most important things we can do to help them thrive as organizations as well as their mitigate risk," said David Childers, President & CEO of EthicsPoint. "Providing solutions that help them evolve their ethics and compliance programs is of paramount importance to both existing and new clients."

With the aim of providing clients better access to the intelligence their data can provide, while addressing key compliance needs, we have built the following solutions as part of the Framework:

  • Compliance Management is centered on enabling clients to manage internal and external obligations, resulting in reduced risk and improved business operations. EthicsPoint's comprehensive compliance management solutions help identify the applicable requirements (defined by laws, regulations, contracts, strategies and policies), assess the state of compliance and ultimately assess the risks and potential costs of non-compliance against the projected expenses to achieve compliance. This includes management of external (industry and government) regulations and internal policies, procedures and controls.
  • Case Management enables organizations to implement a single system that enforces a consistent process for collecting reports of violations to their code of conduct or other policies, consistent investigation, documentation and collaboration across business units and delivers analytical capabilities to identify potential trends or areas of risk. The result is decreased risk and greater insight, leading to better business decisions.
  • Policy Management facilitates more effective management of the policy lifecycle. This element is crucial for the modern organization to function within the bounds of mandated obligations. A lifecycle approach to policy management addresses the challenges of managing the litany of policies needed to function within business boundaries -- enabling employees, giving them the expectations to the boundaries they need to carry out their duties, and doing so in a way that protects the organization from harm.
  • Business Risk Analytics is a suite of products that drive further data-driven insight, creating greater visibility into business operations and allow more informed decision making. Continuously gathering data in a systematic approach to business risk management creates streams of GRC data that can be fed into dashboards that business users are able to access in order to proactively manage the business. That data can also be fed into a variety of analytics and business intelligence (BI) applications.

Additional Product Availability and Enhancements
In addition to solution sets within the Adaptive GRC Framework, EthicsPoint is announcing the general availability of our Policy Manager application as well as updates to existing case management and visualization applications.

Policy Manager, announced in 2010, provides customers with the ability to manage the policy lifecycle more effectively. Currently the process of policy management is often disparate and scattered across the enterprise with varied management of updates and changes to policies. Policy Manager allows clients to centrally manage policies, map them to objectives and guidelines, and promote awareness to support a culture of corporate governance. In addition, we have integrated our Policy Manager solution with our Issue and Event Manager so that organizations can review policies in-line with investigative processes and drive policy changes where needed.

"To consistently manage and communicate policies, organizations are increasingly turning toward defined processes, workflow and technologies like EthicsPoint's Policy Manager to manage the policy lifecycle," said Michael Rasmussen, leading GRC analyst and president of Corporate Integrity LLC. "The policy management lifecycle involves several stages from definition, approval, communication, awareness, attestation, maintenance and archiving -- all of which are best supported by a technology infrastructure to manage the content and process of policy management."

For Issue & Event Manager, our adaptive case management product, we have added further customer self-administration and configuration abilities, more robust business analytics capabilities and web services integrations. The current version also provides an optional Benchmarking Module, which expands customer access to business analytics data through self-administration of benchmarking data for the discovery and analysis of trends.

Visualization Manager, our data visualization dashboarding solution, has been given a brand new user interface that better facilitates quick and easy dashboard management. In addition, users will see an improved performance from the user interface and experience a look and feel more aligned to rest of the EthicsPoint product portfolio.

More information about EthicsPoint products and the Adaptive GRC Framework solutions available under its umbrella can be found at: http://www.ethicspoint.com/solutions/.

About EthicsPoint
EthicsPoint, a leading provider of enterprise risk awareness solutions, helps organizations align their governance, risk and compliance (GRC) processes with overall business strategy. We protect corporate cultures and reputations by proactively revealing risk-related trends via the collection, management and understanding of their GRC-related data. More than 2,400 organizations currently use our solutions to increase the quality of GRC data reported to boards and executive teams to facilitate better business decisions. To find out how, please visit www.ethicspoint.com.

Contact Information

  • Contacts:
    Simmi Singh Corcoran
    EthicsPoint PR
    Direct: (503) 924-1643
    Email Contact