SOURCE: Paisley

July 18, 2007 09:00 ET

Transocean, Inc. Chooses Paisley GRC on Demand™ for Governance, Risk and Compliance

MINNEAPOLIS, MN--(Marketwire - July 18, 2007) - Paisley, the leading provider of governance, risk and compliance (GRC) software solutions, today announced that Transocean, Inc. has chosen GRC on Demand™ to manage its governance, risk and compliance initiatives.

Paisley GRC on Demand was selected because of its ease-of-use features, flexibility and superior reporting capability. In addition, the hosted solution allows Transocean's internal audit department to quickly get up-and-running on an audit management platform. Paisley GRC on Demand will enable Transocean to attain significant time and cost savings by automating its internal audit processes.

Transocean, the world's largest offshore drilling contractor, provides the most versatile fleet of mobile offshore drilling units to help clients find and develop oil and natural gas reserves. Building on more than 50 years of experience with the highest specification rigs, Transocean's approximately 12,500 employees are focused on safety and premier offshore drilling performance.

"GRC on Demand includes the functionality we were looking for and the capabilities to automate and manage our audit management efforts while allowing us to potentially grow in the future with a single, unified solution for our other compliance areas," said Bryan Donnelly, Manager - Internal Audit, Transocean. "We are confident that GRC on Demand will be instrumental in improving the efficiency of our governance, risk and compliance processes across the organization in the future."

Based on the cost-effective Software as a Service (SaaS) delivery 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 integrated platform. The product's integrated approach enables businesses to easily manage multiple GRC requirements from one solution for greater efficiency and effectiveness.

About Paisley

Paisley is an industry-leading software vendor that provides solutions for governance, risk and compliance 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.

For more information, call 320.286.5870, email info@paisley.com or visit www.paisley.com.

About Transocean

Transocean is the world's largest offshore drilling contractor with a fleet of 82 mobile offshore drilling units. The company's mobile offshore drilling fleet, consisting of a large number of high-specification deepwater and harsh environment drilling units, is considered one of the most modern and versatile in the world due to its emphasis on technically demanding segments of the offshore drilling business. The company's fleet consists of 33 High-Specification Floaters (semisubmersibles and drillships), 20 Other Floaters, 25 Jackups and other assets utilized in the support of offshore drilling activities worldwide.

For more information, please visit Transocean’s website at http://www.deepwater.com or contact Guy Cantwell at (713) 232-7647.

Contact Information

  • Press Contact:
    Stacey Billy
    Marketing Director Paisley
    763-450-4821
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