Design Compliance and Control Systems
Regulatory compliance, such as Sarbanes-Oxley Compliance, is one aspect of an effective enterprise risk management program. MEGA Control and Risk serves as an umbrella for managing multiple corporate compliance initiatives. Based on the solid and powerful platform of the MEGA Modeling Suite, MEGA Control and Risk provides all of the necessary tools for describing risk, control and compliance data attached to your business processes and IT systems. This provides a global vision of your operational risks within your organization, including your IT operations.
When coupled with the MEGA GRC Suite, MEGA Control and Risk participates in a global solution for Governance, Risk, and Compliance. MEGA Control and Risk is used to design control systems and risk types attached to your organization, and help enterprises meet multiple regulatory requirements. The MEGA GRC Suite, a web-based enterprise application, is used to map and assess risks and controls and control their efficiency. It provides a set of complementary tools, including risk and control assessment, loss data collection, quantitative analysis and action plans.
With MEGA Control and Risk you can:
- Organize internal control systems that manage regulation requirements, and document their oversight, for full traceability of compliance information and responsibilities;
- Facilitate compliance to regulatory requirements (e.g. Sarbanes-Oxley in the USA, Bill 189 in Canada, LSF in France) according to norms (e.g. Basel II, ISO) and recognized frameworks (e.g. COSO, COBIT), and manage all control systems centrally and consistently;
- Improve the operational performance of the enterprise, through the efficient management of risks, by identifying risks, eliminating control redundancy and improving operational process efficiency.