| Compliance Control Testing and Monitoring |
Typically, the most expensive and time consuming efforts associated with any compliance program are those related to compliance testing and evidence gathering. The never ending cycle of "test and document" places a heavy burden on resources typically dedicated to other non-compliance related initiatives. |
Many organizations today pass spreadsheets and documents around via email to provide control testing instructions and collect the necessary evidence showing control operating effectiveness. This quickly leads to inconsistent data collection due to version control issues, numerous control re-tests, lengthy data collection cycles, and long analysis and reporting cycles. |
Automated Data Acquisition and Management (ADAM) allows companies to efficiently answer questions relating to compliance management such as: |
- Am I compliant with laws and regulations governing my business?
- How can I reduce the time it takes to collect control operating evidence?
- How can I increase testing consistency?
- How can I reduce the time to produce meaningful compliance reports?
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Active Compliance's ADAM dramatically reduces the costs of managing compliance programs by extending the capabilities of traditional compliance management applications to: |
- Proactively perform compliance testing end evidence collection using a "test once - report many" model.
- Automate the testing workflow to streamline manual actives and increase testing consistency.
- Perform fully automated "hands-free" testing and evidence collection where practical.
- Provide a rich warehouse of compliance data for mining and reporting.
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