Compushare's Risk Director Enhancements Dramatically Simplify IT Compliance for Community Financial Institutions
New benefits allow for increased flexibility in automating IT compliance
17 Apr, 2012, 05:00 ET
SANTA ANA, Calif., April 17, 2012 /PRNewswire/ -- Today Compushare, Inc., the nation's leading technology management provider for the financial industry, launched a newly enhanced Risk Director solution, a cloud-based information technology risk management tool to help automate and simplify IT risk management. The original solution was launched in September 2011 shortly after it was purchased through the acquisition of Styzer Risk Management, a Lexington, Kentucky based audit and consulting company founded by Bradley Fenster, a former FDIC and NCUA examiner. Mr. Fenster built the original Risk Director tool to assist financial institutions in saving time and money on risk management and IT compliance. The enhancements include a new interface allowing for ease of use, the flexibility of using one or multiple modules within the interface (Vendor Management, Continuity Management, Risk Management and Audit Management) and improved reporting features.
After interviewing over 100 financial institutions who were using the original interface, Compushare was able to incorporate the feedback and improve the solution dramatically.
"After learning that our clients wanted us to simplify the interface, we created a much more intuitive design which will allow clients with no technical or compliance backgrounds to utilize the interface and gain valuable information about the status of their IT Risk," Eric Gravett, Compushare's Director of Client Services and Product Manager for Risk Director. "We also found that while all the modules are valuable due to their integration, many clients only wanted to utilize a single module such as Vendor Management or Continuity Planning. The new enhancements will allow for that type of flexibility."
"Having a cloud based software solution is perfectly in line with the future and vision of Compushare. In an increasingly competitive market, financial organizations don't have the time or resources to effectively manage all of their technology risks. Risk Director is the ideal solution for financial organizations of any size because it allows for a completely automated way to manage technology risk and integrate all components into a simple, easy to use interface," said Compushare CEO, Romir Bosu. "When we can deliver a cost effective solution that solves a big challenge for our clients, it is very rewarding. The ultimate goal is to make it easier for our clients to succeed. When they succeed, they provide better financial services that benefit everyone in their communities."
You can find out more about Risk Director by visiting www.compushare.com/riskdirector.
Compushare is the leading provider of high quality, innovative technology and compliance solutions for the financial market. Whether it's providing a totally outsourced cloud computing solution or assisting with the management of your technology or IT strategic plan, Compushare takes a consultative approach to its solutions. With more than 15 years of technology experience supporting over 800 financial clients nationwide, Compushare is an SSAE 16 SOC 2 Type II, SAS70 Type II, FDIC reviewed, and preferred partner with many major providers. From our leadership team to the members of our service delivery team, our array of knowledge, certifications and practical expertise is unrivaled in the Financial Services Industry.
Learn more about Compushare, Inc. at www.compushare.com.
Chief Business Development Officer
SOURCE Compushare, Inc.
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