Internal Control – Compliance
Challenges
RVR Systems’ Compliance solution enables organizations to leverage the challenge posed by the increasingly complex regulatory environment in which they operate into the opportunity to improve the efficiency of operational processes:
- Internal control regulations: Sarbanes-Oxley, LSF, TabaksBlat, Combined Code, Decreto 231 & 262, Swedish Code of Conduct
- Sector-specific regulations: Basel II (bank), Solvency II (insurance)
- International IT security standards: COBIT, ITIL, CMMI, ISO 27000
- Quality, Health, Safety, Environment (QHSE) standards: ISO 9000, ISO 14000, ISO 22000
Our solution
RVR Internal Control solution has advanced functionality that enables central teams and local managers to run efficient and effective compliance projects.
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Internal control frameworks
The solution enables to administrate risk and control frameworks by processes, regulations, norms, financial accounts, … This approach enables to maximize synergies by using the application for other related projects such as Enterprise Risk Management, IT Governance, etc -
Internal control questionnaires
RVR enables to send internal control questionnaires for assessment of compliance level by the local entities. -
Documentation, assessment and testing
All the key steps of a Sarbanes-Oxley-type project are also supported by the solution: documentation and assessment of controls, control testing, follow up of issues and remediation plans. The testing scope can be managed efficiently by focusing the testing effort on high-risk areas and key controls. -
Action plans
Users may create and follow up action plans by deadline, owner, status, … -
Analysis and reporting
The tool offers dashboards and customizable reports allowing to analyze the organization’s compliance levels by entity, process, regulations, … -
Regulatory monitoring
The regulatory management system monitors the collaborative analysis of relevant information to help anticipate changes in regulatory environment and the identification of new regulations and requirement points. It manages the targeted distribution of these requirement points and the associated documents within the organization and the assessment of their level of compliance.
