Overview

Cadency Governance, Risk & Compliance is built to handle GRC efforts to promote a culture of accountability, transparency, and integrity, ultimately contributing to confidence in your financial and extra financial data. It helps ensure your critical controls are working as designed and flags any issues as soon as they arise. Able to work across multiple subsidiaries, geographies and legal entities, it allows potential areas of risk to be thoroughly evaluated by focusing your efforts and resources on the most appropriate controls. Automated workflows ensure more accurate financial compliance thereby reducing manual effort by internal auditors. Cadency GRC leverages configurable key controls capabilities to certify that the relevant controls are properly identified, scoped, scheduled and tested. By highlighting critical issues throughout your financial processes, you’ll be able to prioritize your compliance initiatives and automate remediation steps where failure occurs, greatly reducing risk and ensuring integrity throughout your entire close cycle and subsequent reporting.

Features

• Increased automation of document and execution of compliance initiatives for your organization.
• Enhanced accountability through shared controls to ensure they are tested efficiently and effectively.
• Actionable insights with flexible dashboarding for a clearer view of compliance phases and associated exceptions.
• Strengthened auditability by capturing supporting materials in an online, easy-to-navigate eBinder.
• Extended governance of financial close tasks related to close, reconciliations and journal entry efforts.
• Safeguard your data in the Cloud with a secure single tenant deployment model.
• Dashboards that enable managers to monitor and track daily control initiatives.
• Workflows for implementing controls and managing remediation.
• Centralized documentation of financial and non-financial compliance activities.
• Attachments and referencing features to support control documentation and users in their endeavors.
• Surveys to assess internal and external factors affecting company performance.
• Dynamic reporting to get actionable insights in real time.
• Control evaluation cycles to assess the relevance of your controls in an ever changing regulatory environment.

Benefits

• Reduction in Internal Audit Effort
• Reduction in Time to Support External Auditors
• Reduction in Risk of Revenue Impact due to Misstatements