January 8, 2008
Treasury and Risk

QUMAS Kicks Off Compliance Solution

QUMAS Ltd. has introduced its Compliance Solution, which provides risk management software integrated with document and business process management, interactive dashboards and advanced reporting capabilities for real-time governance. The product allows companies to model and assess their risk environment, actively manage documents and monitor processes in accordance with multiple compliance requirements and regulatory changes and make proactive, risk-based decisions for better governance and improved business performance.

By consolidating GRC initiatives onto a single framework, Qumas says, companies can eliminate the risks and costs associated with managing disparate and siloed applications; achieve transparency in design and operating effectiveness across multiple GRC initiatives: and view business performance across all risk and compliance initiatives.

The QUMAS Compliance Solution includes MyQUMAS, an intuitive Web-based interface enabling individuals to participate in all GRC initiatives. The content management system enables organizations to create, manage and securely store content, reports and records on one platform to ensure complete lifecycle control over compliance-related content.

The product also includes a business process management system that lets companies standardize and automate business processes, as well as a risk, control, and loss event system for defining risk objectives, performing assessments and testing and analyzing losses for cause and financial impact.