Compliance Spectrum, a leading provider of governance, risk and compliance (GRC) solutions, today announced the general availability of the next release of Spectra, a complete IT compliance lifecycle management solution that reduces the complexity and lowers the risk of non-compliance of regulatory mandates through best practice workflow automation. Spectra provides CSOs, CFOs, CCOs, CIOs -- and their teams -- a framework to continuously monitor, measure and report on compliance status.
Austin, TX (PRWEB) November 12, 2007 -- Compliance Spectrum, a leading provider of governance, risk and compliance (GRC) solutions, today announced the general availability of the next release of Spectra, a complete IT compliance lifecycle management solution that reduces the complexity and lowers the risk of non-compliance of regulatory mandates through best practice workflow automation. Spectra provides CSOs, CFOs, CCOs, CIOs -- and their teams -- a framework to continuously monitor, measure and report on compliance status.
The new version of Spectra includes an "evidence gap analysis" capability that identifies missing or incomplete evidence to support compliance objectives and controls. This allows the compliance manager to identify and prioritize resources involved in the compliance and audit process, lowering risk and improving resource efficiency.
The new version provides also provides a "resource analyzer" that answers the question, "How much human resource is being impacted or utilized across the company for all compliance activities or for a specific regulatory mandate?" -- a question often asked of the Chief Compliance Officer by the CEO, CIO or board of directors.
"Our mission is to simplify the compliance process, saving customers time and money in meeting their compliance requirements. With the addition of the resource analysis capability, we are helping senior management understand the resource impact of compliance while enabling them to lower cost and risk through automation," said Doug Pushard, CEO of Compliance Spectrum.
New built-in reports, based on customer best practice usage of Spectra, are added to every Spectra update release. In this release, a variety of new evidence and management reports are provided. Additionally, this release includes performance and usability improvements based on customer requests.
Spectra provides an auditable, centralized repository that contains a comprehensive compliance content library and pre-populated policy templates based on ISO 17799 and COBiT 4.1. Additionally, Spectra automates policy/control creation, coordination, approval, distribution and communication. Integrated workflow, based on organizational responsibilities, ensures there is a mechanism to track and analyze compliance programs within an organization.
Compliance Spectrum utilizes an agile development methodology and provides planned, frequent enhancements to the Spectra with no customer disruption. All updates are fully backward compatible and delivered seamlessly as a hosted software service to subscribers, driving down cost and providing seamless mechanism for automatic compliance content updates, ensuring content is up-to-date and accurate. Spectra's team of policy analysts, lead by subject matter experts and in partnership with the University of Fairfax and the SOX Institute provide routine updates to regulations, frameworks, and policies.
About Compliance Spectrum
Compliance Spectrum offers commercial IT governance, risk and compliance software solutions that empower highly regulated and complex organizations to address the complete lifecycle of compliance. Compliance Spectrum's flagship product, Spectra, provides an automation framework that streamlines the compliance process, lowering the cost of compliance while reducing the business risk of non-compliance. Compliance Spectrum has won numerous industry awards for its first generation product, Command Center. The company is headquartered in Austin Texas with offices in Houston, San Diego, Fairfax Va., and London England. For more information, visit www.compliancespectrum.com.
Source: PRWeb: Legal / Law
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