Compliance.

• Position: TechnologyTOOLS - Brief Article

Paisley Consulting, a leading provider of business accountability software, has brought out The Paisley Solution, a new offering integrating its two flagship products, AutoAudit[R] and Risk Navigator[TM]. The product provides a common technology platform shared by internal audit, risk management, compliance and business managers with a unique user interface or set of features for each user group. Key accountability groups all benefit from the sharing of data and elimination of redundant efforts.

According to Paisley, organizations tend to work in silos, which hurt management's ability to gather data and summarize it for the organization. Data coming from various silos has an intrinsic level of inconsistency. Management may be unable to reconcile similar evaluations coming from different groups because each manager is using a different set of business unit definitions and evaluation criteria.

The Paisley Solution "establishes a common universe with consistent definitions of business entities and terms within a unified repository for enterprise data," the company says. Additional benefits and highlights include:

* Internal audit, risk management, compliance and business users share an integrated technology platform.

* A common universe with consistent definitions of business entities, risk and control models, and business terms is established within a unified repository for enterprise data.

* Shared data and leveraged efforts break down walls...