NewswireToday - /newswire/ -
Dulles, VA, United States, 2009/04/27 - Automated Software identifies potential compliance issues & supports audit readiness using enterprise-wide survey management & remediation tools, easy to read reports on compliance Posture & Program Objectives And Milestones (POAM) progress reporting.
NEMEA, the newest player in enterprise-wide compliance, remediation, risk and governance software solutions, today announced the release of two new products in the Governance Risk and Compliance (GRC) space. ComplianceCenter®, NEMEA’s first breakthrough product is a self-assessment based compliance solution featuring a full suite of tools that determine an enterprise’s compliance posture and provide authority documents specific to the enterprise. Flexibly facilitates enterprise-wide compliance surveys and centrally collects and analyzes results using both standard or custom reports. ComplianceCenter has a feature rich user interface that allows rapid comparison of authority documents (such as laws, standards and regulations) pertinent to their industry and business, and can support the use of both individual requirements from different authority documents and the use of numerous authority documents simultaneously. With ComplianceCenter, businesses can leverage the input from a few people or from hundreds or more people who work directly for the company or that fill indirect third-party roles such as vendor partners.
NEMEA’s ComplianceCenter is subscription-based, browser accessible, hosted and supported by NEMEA. It’s always current on regulations, audit support ready and eliminates the siloed approach common of other GRC solutions.
“The introduction of ComplianceCenter stands to change how businesses view compliance, turning a complex and difficult process that is only done annually out of necessity into a business processes that is substantially less expensive and more easily understood. Most organizations will realize a full return on the their investment just by accessing and using our authority documents database, but we’ve added so much more value to the software; it will change the way compliance processes are perceived and executed” says Chief Executive Officer George Collins. “ComplianceCenter’s Self Enrollment feature, a patented viral survey distribution and delivery capability, is as much a paradigm changer for risk management as using a spreadsheet for accounting processes was more than 25 years ago.”
With such a powerful tool at their disposal, most organizations will quickly learn that some elements of their compliance posture need to be corrected quickly. To facilitate those changes, NEMEA created RemediationCenter®. This intuitive product works in tandem with ComplianceCenter using completed surveys to identify which problems need to be remediated. RemediationCenter is used to document the corrective action plan and manage the subsequent activities in the areas of concern. It will track the progress of efforts and provide on-demand reporting as needed. Responsibility for mitigating problem areas can be relegated and resources can be identified and assigned to specific tasks. POAM (Program Objectives And Milestones) lists can be automatically pre-populated with selected objectives that were determined to be non-compliant, distributed to appropriate people by functional areas or roles for comments and completion and saved in a survey vault as a compliance package to support future audits and verification. RemediationCenter also provides the ability to add prior audit findings and remediation efforts done by outside organizations.
“Having the assessments done and the issues identified is only half the process. Along with assessment and reporting capabilities, we understand that companies need to manage the process of fixing things. In short, they need to be able to report the progress in the remediation of control weaknesses in a live reporting environment” says Chief Operating Officer, Gary Swindon. “Our enhanced functionality and the unique features of both products enable management to check the pulse of their enterprise on a regular basis, as often as they wish. Being able to scale an enterprise across all departments using multiple standards allows for constant monitoring of critical requirements as well as ensuring that policies and procedures are in sync with the rapidly changing regulatory environment of today. NEMEA’s tools are designed to provide up-to-the-minute compliance and remediation status that can easily be reported to corporate compliance officers and the board as needed using a configurable assessment and reporting platform”.
NEMEA (nemea.us) provides on-demand software-based GRC solutions. The fully automated survey creation, management and reporting capabilities of NEMEA’s ComplianceCenter® helps determine the compliance posture across all departments of a global enterprise. Even a small office can compress assessment time, and identify areas of non-compliance. In addition, NEMEA’s RemediationCenter® provides the capability to continually check & manage compliance remediation efforts and the program works in tandem with other project management tools to actively address resource allocation and project reporting. These unique SaaS tools can support the use of over 35 authority documents individually or simultaneously, including SOX, HIPAA, GLBA, FISMA, FFIEC, ISO/IEC 27001/27002, NIST, PCI DSS, and XXXXX. Solutions are fully hosted and supported, subscription based and browser accessible 24/7 – and won’t directly impact valuable IT resources. An exclusive and patented feature called ‘self enrollment’ allows you to maximize the distribution of the survey to ensure that anybody who can influence the compliance of a process can contribute to the survey effort. Business managers can issue the necessary compliance surveys to operate the business and track remediation efforts across the entire enterprise and, there are no additional charges for authority document updates or revisions.