SOURCE: Paisley Consulting

January 24, 2007 09:00 ET

Paisley Consulting Introduces Comprehensive SaaS-Based Governance, Risk and Compliance Solution

GRC on Demand™ Enables Fast Implementation and Low Cost of Ownership

COKATO, MN -- (MARKET WIRE) -- January 24, 2007 -- Paisley Consulting, the leading provider of governance, risk and compliance (GRC) and audit software solutions, today announced GRC on Demand™, a Software as a Service (SaaS) based governance, risk and compliance solution. Ideal for mid-market and resource constrained organizations, GRC on Demand is a complete system that includes everything needed to manage GRC processes across the enterprise.

Based on a cost-effective SaaS model, GRC on Demand includes purpose-built functionality for financial controls management, audit management, operational risk management (ORM), enterprise risk management (ERM), IT governance and compliance -- all in a single solution. As the industry's leading governance, risk and compliance platform to include audit management capability, GRC on Demand enables businesses to easily manage complex GRC requirements from one centralized system for greater efficiency and productivity.

"Paisley Consulting has been recognized throughout the industry for its holistic approach to GRC," said Tim Welu, CEO of Paisley Consulting. "We are continuing to extend our product leadership with the introduction of GRC on Demand. This solution brings together the robust, comprehensive functionality of our GRC solutions with the benefits of on-demand delivery, enabling fast implementation times, minimal IT hassles and low cost of ownership."

For the past four years, Paisley Consulting has offered clients the option to take delivery of its software solutions via a hosted model. With years of experience, a Tier II data center facility, Type II SAS 70 approval and more than 50 clients using its hosted applications, Paisley Consulting has a proven track record to execute on secure, reliable SaaS delivery of its software.

Delivered as a software service, GRC on Demand has significant benefits over traditional on-site software delivery including:

--  Low upfront costs: No hardware or middleware to purchase
--  Low total cost of ownership: No technology to maintain and no hidden
    IT costs
--  Fast deployment: No software to install and no IT hassles
--  Optimal service levels: Paisley Consulting applications experts manage
    the software in a world-class data center
--  Secure infrastructure: Continuous, secure and reliable Web-based
    service delivery
GRC on Demand is available through a subscription-based service and accessed through a standard web browser. The solution requires no software to install or maintain, and no up-front capital investment. For one low subscription price, GRC on Demand delivers comprehensive GRC functionality to each subscriber, eliminating the need to purchase multiple point solutions for internal audit, risk management, compliance and IT governance professionals.

GRC on Demand will be available in the first quarter of 2007.

About Paisley Consulting

Paisley Consulting 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 Consulting 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 Consulting 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 Consulting'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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