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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.
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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.
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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
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In addition, we have built an end-user customizable Dashboard into
the application. The Dashboard serves as the main page of the
application where all users will be able to go and obtain quick-hit
information about project status, control deficiencies, remediation
efforts, etc. Because it can be customized by the end-user, the
dashboard is easily adaptable for each of the different audiences
who will be utilizing the tool: executive management, internal
compliance professionals, external auditors, etc.
If you would like to obtain more information regarding our
compliance solution please contact
us. |