Streamlining Sustainable Compliance

Securance Consulting now offers Complyant, a browser-based auditing tool designed to increase the efficiency and effectiveness of an organization's compliance efforts, particularly Sarbanes-Oxley and HIPAA compliance. Complyant is more than just a document management tool or generic database that was repurposed to capitalize on compliance regulations; it was built specifically for controls auditing and it brings full version control and structure to the audit process. 

Complyant is unlike anything on the market today because it was built by a group of auditors who have years of experience working with all of the Big-4 accounting firms as well as working on the other side of the fence in the corporate accounting world. Complyant is not a retooled document management system that was patched together to take advantage of legislation. It was built specifically with the knowledge of what is actually needed to get your job done more efficiently, effectively, and accurately. We believe our experience is what makes Complyant different. 

Complyant was built to accommodate the needs of all potential users of the system and with flexibility in mind. Each company structures their audit a little differently from the others and we know that each of the audit firms takes a slightly different approach to auditing. As a result, complyant was built with enough flexibility to allow each company, regardless of who performs their external audit, to structure the tool to meet its needs. 

With Complyant, you don't have to modify your audit methodology to fit the tool - you can configure the tool to fit your audit methodology. 

Reportable, Flexible, Efficient

Publicly traded companies and SEC registrants are all too familiar with the obstacles associated with Sarbanes-Oxley compliance efforts. Most executives and auditors who endured the rigors of Year 1 compliance will agree that just gaining an understanding of the requirements imposed by the legislation and the external audit forms has been a monumental task in itself. The lack of an affordable, flexible compliance tool tailored toward Sarbanes-Oxley compliance has only compounded the problems associated with this costly, time-consuming effort. With few options available, most organizations have been left to their own devices, being forced to rely on a system composed of nothing more than volumes of unrelated spreadsheet, word processing, and text files stored on a corporate file share. This process is inefficient, insecure, and inaccurate and it provides little chance of recognizing opportunities for business-process improvements. 

Complyant's goal is to solve these problems with a web-based tool that has extensive reporting capabilities, version control, document management, automated decision trees, and a simplified end-user interface. The tool is much more than just a document management system or a generic audit database that has been repackaged to capitalize on Sarbanes-Oxley. It was built specifically for internal controls auditing and it brings full version control and structure to the audit process while providing templates filled with content that is relevant to a company's industry. Complyant can be used for companies that are managing their internal controls audits, companies preparing for an external audit, or consulting or auditing firms that are conducting controls audits on behalf of their clients. For each situation, the tool will increase accuracy, enable extensive reporting, provide audit guidance, and reduce manual labor resulting from the maintenance of volumes of unrelated Word and Excel documents that must be carried over from year to year. 

While Sarbanes-Oxley has been a burden for most companies, it can also provide opportunities for business-process improvement. Complyant was designed with Sarbanes Oxley Compliance in mind, and in a way that our clients can also recognize opportunities for business process improvement and capitalize on them. 

Not Just Document Management

Complyant allows you to track every aspect of the company's controls in accordance with the standards set forth by the government and standard-setting boards such as COSO and PCAOB. The tool is delivered with on-line templates for all of your controls documentation and testing needs. These templates are based on the worldwide accepted COSO framework and include standard PCAOB data requirements. Behind these templates lies a relational database that allows for quick and easy reporting on any fields selected. The relational database infrastructure plays a significant part in reducing rework and data entry errors, ultimately improving the accuracy of your reporting. In addition, with Complyant's powerful reporting engine, management can easily report on any aspect of the control infrastructure, creating ad hoc reports that can be sorted, grouped, and filtered as needed. 

Some of Complyant's features include:

• Industry-specific control guides
• Task management features
• Review note manager
• Control gap and remediation management
• Robust reporting engine
• Import/Export functionality
• Knowledgebase
• Automatic roll-forward each year
• Role-based security
• External auditor role
• Document management
• Version control
• Detailed revision history

If you would like to obtain more information regarding our compliance solution please contact us.