SOURCE: Paisley Consulting

March 29, 2007 15:42 ET

Paisley Announces General Availability of Industry's Most Comprehensive and Integrated Governance, Risk and Compliance Software Solution

Paisley Enterprise GRC™ Delivers Robust Scalability and Configuration Options for Enterprise Customers

MINNEAPOLIS, MN -- (MARKET WIRE) -- March 29, 2007 -- Paisley, the leading provider of governance, risk and compliance (GRC) software solutions, today announced the general availability of version 3.0 of Paisley Enterprise GRC™, a comprehensive governance, risk and compliance solution for enterprise customers. With profiles for financial controls management, operational risk management (ORM), enterprise risk management (ERM), internal audit, IT governance and compliance, Paisley Enterprise GRC provides a total solution for governance, risk and compliance in a single, unified system.

Paisley Enterprise GRC is the industry's only software solution to deliver the complete spectrum of functionality for governance, risk and compliance including internal audit in a single, unified system. The software's integrated approach enables organizations to boost efficiency, provide greater information integrity and accuracy, and foster enhanced collaboration among governance, risk and compliance process owners.

"We've received an excellent response to Paisley Enterprise GRC," said Tim Welu, CEO of Paisley. "To date, more than 50 clients have had hands-on experience with using the software, and their feedback has been overwhelmingly positive. Our clients are extremely excited about continuing to reap the benefits of our comprehensive GRC solution in support of their governance, risk and compliance convergence projects."

Paisley Enterprise GRC features extensive scalability and configuration options, as well as an enhanced user interface with a unique home page for each of its six GRC profiles. Other key product features include:

--  An easy-to-use risk management desktop for identifying and rating
    risks quickly and easily
--  Flexible heat maps that allow users to filter reports by process or
--  Robust issue tracking capability with configuration options for
    security and workflow
--  Risk criteria to assist with top-down risk assessments
--  A variety of usability enhancements to foster greater productivity and
    more efficient business processes

"Paisley Enterprise GRC reflects our extensive knowledge of best practices in the diverse disciplines of audit, governance, risk and compliance," added Welu. "We look forward to working with organizations to reduce the time and cost required to address regulatory compliance requirements, and to more effectively manage operational and enterprise risks for greater effectiveness."

Paisley Enterprise GRC is available now for either on-site installation or as a hosted application deployment model.

About Paisley

Paisley is an industry-leading software vendor that provides solutions for governance, risk and compliance (GRC) including financial controls management, internal audit, operational risk management, compliance, IT governance and enterprise risk management. For more than a decade, Paisley has delivered superior software and services to both large enterprise and mid-market organizations. Governance, risk and compliance software has always been and continues to be the company's focus.

Leveraging industry best practices, standards-based technology, and a choice of software platforms and deployment options, Paisley customers are empowered to improve the accuracy, consistency and efficiency associated with internal audit, financial controls management, enterprise risk management, operational risk management, IT governance and compliance initiatives. Developed for companies of every size and across multiple industries, Paisley's solutions enable organizations to streamline governance, risk and compliance processes, reduce costs of compliance, manage and mitigate risks, and provide visibility, oversight and assurance.

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