VANCOUVER, British Columbia, May 29, 2013 /PRNewswire/ -- ACL today announced the launch of ACL™ GRC, the first data-driven, cloud-based governance, risk management and compliance (GRC) solution. ACL GRC quickly delivers value across the organization by integrating risk management objectives with data-driven analysis and decision making. The solution replaces shared-drive and fragmented technology approaches to GRC management, while promoting best practices, communication and alignment of disparate GRC functions across the organization.
ACL GRC capabilities span:
- Risk management: Perform enterprise-wide risk assessment to drive mitigation efforts across all risk and control groups.
- Project management: Efficiently plan and organize engagements for all audit, risk and compliance management programs, through to execution and reporting, including global tracking and reporting of issues.
- Results management: Share and manage data analysis results from ACL™ Analytics, drive remediation activities and track outcomes, enabling informed, data-driven risk assessment, prioritization and decision making.
"Traditional audit roles are expanding to risk and compliance, creating a need for GRC technology to support the three lines of defense in effective risk management: Operational Management, Risk Management and Compliance Functions, and Internal Audit," said Richard Chambers, President and CEO of The Institute of Internal Auditors. "Bridging the current gaps between these lines of defense is critical to improving communication and integrating GRC activities across an organization."
In today's constantly changing, volatile business landscape, ACL's SaaS model minimizes IT burden, while providing the highest level of security and centralized 24/7 cloud access from anywhere. ACL GRC enables remote and mobile users to stay productive through its innovative smartphone and tablet interfaces. ACL GRC also supports data-driven decision making through integration with ACL Analytics, a powerful, cost-effective data analysis tool, linking transaction level information to corporate level risks. The new offering will integrate with server-based ACL™ Analytics Exchange to enable continuous risk monitoring.
"Customers were telling us that they wanted to apply the simplicity and effectiveness of ACL's existing audit solutions to their broader GRC needs, so a full GRC offering is a natural next step," said President and CEO of ACL, Laurie Schultz. "We aim to provide a straightforward solution and continue to lead the way in cutting edge innovation by placing GRC in the cloud, which also creates a cost benefit for the user."
A webinar on June 19 will demonstrate how to simplify GRC. Register for "ACL GRC: A Fresh Solution for Governance, Risk and Compliance" at www.acl.com/fresh-grc.
- To learn more about ACL GRC, visit: www.acl.com/solutions/products/acl-grc/
- For the latest news and views on compliance, risk, fraud and audit, visit: www.acl.com/blog
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ACL delivers technology solutions that are transforming audit and risk management. Through a combination of software and expert content, ACL enables powerful internal controls that identify and mitigate risk, protect profits, and accelerate performance.
Driven by a desire to expand the horizons of audit and risk management so they can deliver greater strategic business value, we develop and advocate technology that strengthens results, simplifies adoption, and improves usability. ACL's integrated family of products—including our cloud‐based governance, risk management and compliance (GRC) solution and flagship data analytics products—combine all vital components of audit and risk, and are used seamlessly at all levels of the organization, from the C‐suite to front line audit and risk professionals and the business managers they interface with. Enhanced reporting and dashboards provide transparency and business context that allows organizations to focus on what matters.
And, thanks to 25 years of experience and our consultative approach, we ensure fast, effective implementation, so customers realize concrete business results fast at low risk. Our actively engaged community of more than 14,000 customers around the globe—including 89% of the Fortune 500—tells our story best. Here are just a few. Visit us online at www.acl.com.
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