Welcome!

News Feed Item

ACL's Spring 2017 Release Launches ACL Into Enterprise Risk Management Market

 GRC technology leader is first to provide aggregated metric of risk and compliance assurance

ORLANDO, Fla., March 20, 2017 /PRNewswire/ -- IIA GAM Conference – ACL, a software provider helping governments and the world's largest companies quantify risk, stamp out fraud and optimize performance, today announced its Spring 2017 product release, becoming the first software firm to combine risk assurance and compliance assurance into a single, aggregated metric. This release more aggressively launches the company into the growing enterprise and operational risk management software market.

In addition to building the first visualized data-driven way to manage enterprise risk, ACL has also revolutionized how to map and track regulatory changes to minimize the daily operational burden of compliance. The combination finally provides boards and executive teams with a simple and holistic understanding of their organization's global risk management and compliance posture.

"Risk management is notoriously subjective, and it's time that organizations had a more objective way of understanding and acting on it," commented Dan Zitting, chief product officer at ACL. "We've created a data-driven methodology for continuous assessment that actually enables an informed, quantifiable, real-time approach to enterprise risk management that is mapped to strategic objectives, including aligning KRIs with KPIs."

An objective, quantified approach to enterprise risk management (ERM)

Organizations are demanding a more scientific approach to ERM in order to better evaluate and seize performance opportunities. ACL customers are now able to map risks directly to specific strategic performance goals within the software and then systematically, using data analytics, assess and act on the roadblocks on the path to achieving those goals. Spring release updates include:

  • Key Performance Indicator (KPI) & Key Risk Indicator (KRI) tracking: Key performance and key risk indicators are combined into one continuously monitored dashboard, enabling automatic adjustments to risk assessments based on performance goals and current conditions of operations observed in the organization's "big data."
  • Collaborative risk workshops: Managers tasked with also evaluating key risks based on board, executive management or operational leadership feedback can now conduct risk assessment voting workshops within the platform, each informed by qualitative analysis and a real-time view of KPIs and KRIs.
  • Quantified measurement of residual risk: By treating risk assessment like a balance sheet and measuring inherent risks alongside existing treatments, the ACL Platform can take mitigation activities into account and suggest a write-down estimate—providing a more thorough, objective and quantified metric of residual risk.
  • Libraries of strategic risk by vertical: The ACL Platform catalogs the most common top risks, based on S&P 500 company 10-Ks, allowing GRC teams to benchmark their risk universe to those of their peers in order to provide valuable insight on risks in their industry across business units such as operations, marketing, sales, etc.

Lightening the operational burden & cost of regulatory compliance

With thousands of regulatory changes occurring each year1, keeping on top of compliance can be daunting. Add in an increasing risk of massive penalties and, in some cases, being held personally liable, and it's overwhelmingly clear how important it is to maintain updated, accurate compliance records.

ACL's Spring 2017 updates enable compliance managers to track and quickly map the requirements that matter most, easing the compliance burden while documenting everything to provide clear, self-serve oversight for regulators.

  • Compliance assurance metric: Provides a single, overall metric that gives management an instant understanding of the degree to which the organization is compliant by regulation, business process or operating entity.
  • Compliance maps: A feature that maps the whole universe of applicable regulations to the organization's controls and frameworks, eliminating duplicated efforts and creating a much simpler and clearer path to compliance.
  • Regulatory change management: Simply update the controls map and any regulatory changes will illuminate gaps requiring new controls.
  • New regulatory compliance content packs: These provide pre-built regulatory standards for seven major areas of regulation including: internal control over financial reporting, IT governance and cybersecurity, banking, healthcare and the public sector, all prepopulated for use with the controls map within the ACL Platform.

"With these enhancements from ACL, we can easily create an objective picture of our combined risk and compliance assurance," commented Rod Verhulp, vice president of finance at Equinix. "We can thoroughly understand our own performance and the obstacles we're facing—all informed by our own transactional data."

To see how Equinix is using the ACL Platform for data-driven enterprise risk management, visit: www.acl.com/portfolio-items/data-driven-enterprise-risk-management-at-equinix/.

To learn more about ACL's Spring '17 product enhancements, visit: https://www.acl.com/spring-release/

Supporting Resources:

About ACL
ACL delivers software solutions that are transforming audit, compliance, and risk management to give organizations unprecedented control over their business. www.acl.com

© 2017 ACL Services Ltd. ACL and the ACL logo are registered trademarks of ACL Services Ltd. All other company and product names are trademarks of their respective owners.

1 "Counting Regulations: An Overview of Rulemaking, Types of Federal Regulations, and Pages in the Federal Register." Carey, Maeve P. Congressional Research Service. 04 Oct. 2016. <<https://fas.org/sgp/crs/misc/R43056.pdf>>.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/acls-spring-2017-release-launches-acl-into-enterprise-risk-management-market-300425685.html

SOURCE ACL

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous a...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, will lead you through the exciting evolution of the cloud. He'll look at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering ...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, 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. Avere delivers a more modern architectural approach to storage that doesn't require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbui...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
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.
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...
Digital transformation is changing the face of business. The IDC predicts that enterprises will commit to a massive new scale of digital transformation, to stake out leadership positions in the "digital transformation economy." Accordingly, attendees at the upcoming Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA, Oct 31-Nov 2, will find fresh new content in a new track called Enterprise Cloud & Digital Transformation.
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, will discuss how given the magnitude of today's applicati...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...