Welcome!

News Feed Item

MEGA Introduces New Compliance Solution

MEGA has introduced HOPEX Regulatory Compliance to help companies meet the increasing volume of compliance requirements. The solution will also aid organizations in reducing risks and streamlining compliance activities to meet governance challenges.

The new solution is built on MEGA’s HOPEX platform, which powers the company’s broad range of integrated software solutions, helping organizations meet complex, interconnected needs and achieve effective enterprise governance. With HOPEX and the solutions built upon it, MEGA has integrated the previously separate domains of governance, risk and compliance (GRC), enterprise architecture (EA) and IT portfolio management. It is the only company with an integrated solution for all three markets that eliminates information silos and reduces the barriers to enterprise transformation.

HOPEX Regulatory Compliance interfaces with MEGA’s other GRC solutions to form a complete corporate governance management framework. It supports multiple roles, from compliance officers to legal advisors to process managers to business teams. Multiple GRC functions – risk management, internal control, internal audit and regulatory compliance – can share a single repository containing all of the information relative to the company’s risks, controls and compliance requirements. The solution also makes it possible for different departments or divisions to exchange information according to role, avoid duplicated efforts and enrich each other’s work.

“The increasing volume and complexity of regulations, merged with the expanding complexity of organizations, creates situations where some compliance officers may have to manage thousands of risks and controls. These growing demands are far beyond the scope of traditional office tools and companies need a way to manage them in a more comprehensive manner that incorporates enterprise-wide operations, resources, goals and rapid changes in the business environment,” explained Michael Rasmussen, founder of GRC 20/20 and a leading expert in GRC.

As regulatory pressures increase, HOPEX Regulatory Compliance can help organizations map new requirements directly to departments or processes. By sharing the responsibility of compliance enterprise-wide, every employee becomes part of the success of meeting regulations efficiently. The solution also minimizes the impact of compliance requirements on the company by making it easy for business teams to meet their compliance obligations, leaving them more time to spend on their primary work focus.

HOPEX Regulatory Compliance lets businesses:

  • focus on the biggest potential threats, where rapid resolution can avoid costly problems
  • increase awareness and ownership of responsibilities by associating compliance requirements with departments or processes
  • reduce time spent on compliance activities through streamlined reporting that ranges from detailed analysis to executive summaries

The solution provides the capability to assess risks and test in-place controls through a multi-level evaluation of an organization’s compliance framework. Knowing the high risk areas precisely and continuously can reduce the pressure placed on compliance departments, which often have to operate with limited resources. MEGA’s solution also helps resolve the transparency and accountability issues that compliance officers face.

“The pervasiveness of media and social networks for communications on the global scale means that news of data breaches spreads uncontrollably, damaging company reputations even before the problem can be completely assessed, let alone repaired,” noted David Monahan, research director, Security and Risk Management, Enterprise Management Associates. “Post breach, people often choose not to associate with these companies, impacting revenue for multiple quarters, and in some cases driving them out of business. It is essential for companies to leverage tools that help them best meet their compliance management needs, driving security within their compliance programs.”

HOPEX Regulatory Compliance will help organizations:

  • create a legal inventory of all regulations and requirements in a single repository that contains up-to-the-minute information
  • assign requirements to each department, risk or process through easy-to-understand maps and tables
  • assess compliance risk by using campaigns to evaluate the probability and impact of potential threats
  • test the design and effectiveness of compliance controls to identify faulty ones that require improvement
  • generate action plans to lower a compliance risk level or enhance a control based on identified deficiencies

MEGA has been helping organizations manage enterprise complexity and business transformation for more than 20 years. Customers include Aetna, Banque Accord, HCL, Johnson & Johnson, Nissan, Procter & Gamble, Starwood Hotels, Swiss Federal Railways, UniCredit Group and Walgreens.

MEGA was cited in Gartner’s Magic Quadrant for Governance, Risk and Compliance Platforms (September 2013). It was also named in The Forrester Wave: Governance, Risk, and Compliance Platforms, Q1 2014. The company won the 2013 GRC Technology Innovator Award from GRC 20/20 Research.

Gartner Inc. has named MEGA as a leader in its EA Magic Quadrant reports for five consecutive years. The company was also cited in The Forrester Wave: EA Management Suites, Q2 2013.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
Organizations do not need a Big Data strategy; they need a business strategy that incorporates Big Data. Most organizations lack a road map for using Big Data to optimize key business processes, deliver a differentiated customer experience, or uncover new business opportunities. They do not understand what’s possible with respect to integrating Big Data into the business model.
The session is centered around the tracing of systems on cloud using technologies like ebpf. The goal is to talk about what this technology is all about and what purpose it serves. In his session at 21st Cloud Expo, Shashank Jain, Development Architect at SAP, will touch upon concepts of observability in the cloud and also some of the challenges we have. Generally most cloud-based monitoring tools capture details at a very granular level. To troubleshoot problems this might not be good enough.
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, will discuss some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he’ll go over some of the best practices for structured team migrat...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, will discuss how from store operations...
As people view cloud as a preferred option to build IT systems, the size of the cloud-based system is getting bigger and more complex. As the system gets bigger, more people need to collaborate from design to management. As more people collaborate to create a bigger system, the need for a systematic approach to automate the process is required. Just as in software, cloud now needs DevOps. In this session, the audience can see how people can solve this issue with a visual model. Visual models ha...
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, will discuss how they bu...
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., will introduce you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He will explore applications in several industries and discuss technologies that allow the deployment of advanced visualization solutions to the cloud.
We all know that end users experience the Internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices – not doing so will be a path to eventual b...