New Compliance Management Application from Ninth Wave to Reduce Business Risk
A new solution to help organisations manage specific compliance and risk management processes more effectively is being unveiled by Ninth Wave at Project World. Designed and configured by Specialist Compliance Services, a Ninth Wave partner company, the PAT Compliance Management application is an end-to-end web based system that provides enterprises with an accountable and transparent view of the legal and regulatory procedures needed for corporate compliance, in order to manage and reduce business risk and reduce compliance costs.
Jon Lewis, Director at Ninth Wave stated, “The solution enables companies to meet the growing need to demonstrate compliance with the multiple codes, regulations, laws, policies and procedures that are essential business practices today.”
Duncan Crane, CEO at Specialist Compliance Services explained, “With increasing pressure on organisations to ensure compliance with regulations, governance codes, accredited process and supervision at all times, having visibility and instant access to the necessary management information and processes has become one of the highest priorities for businesses. Lack of clarity in this area can result in serious business and financial implications.”
“Our Compliance Management application aims to consolidate, process, present and distribute this vital information to the people who need it, whenever and wherever they can most benefit from it. This not only ensures enterprises can demonstrate corporate compliance at all times, but make more effective use of this information to reduce costs; increase the quality, efficiency and effectiveness of their business processes and minimise business risks.”
The PAT Compliance Management application enables timely, relevant and accurate information to be stored, centrally managed and retrieved from a single database, providing senior executives and accountable persons with instant access to policies and procedures in a secure and controlled knowledge management environment.
PAT’s web based adaptive platform allows information to be shared by multiple users across geographically dispersed sites. The history of communications, procedures or complaints can be tracked and monitored through a complete audit trail. This enables business decision makers to see who is responsible for processes where compliance must be demonstrated, what stages are being undertaken, what stages need to be taken, issues that need escalating and the risk elements involved.
Crane continued, “PAT Compliance Management enables organisation to bring its compliance processes into better focus, enabling for more informed and timely business decisions to be made. The solution reduces administration, streamlines business costs and provides more information that is essential to ensure corporate compliance and continuous and effective risk management across single or multiple organisations on a global scale.”
PAT is a highly configurable system and enables companies to choose how they present their information, which information to track and who can access it.
Features
Ninth Wave offer programme, project, and knowledge management software solutions. Since 1995, Ninth Wave have used their extensive experience in Programme and IT Management to build a successful consultancy. After struggling with second-rate tools, Ninth Wave set up their own software division in early 2000 and selected an elite team of developers to create a new generation, collaborative knowledge management tool - PAT.
PAT applications include Programme and Portfolio Management, Help Desk, Resource Management, Inventory Management and PRINCE2.
New applications can be configured within days from this web-based and highly adaptive platform. All applications include document management, powerful security, built-in flexibility and integration facilities.
For further information, please contact:
Duncan Crane
Specialist Compliance Services
07050 255395
duncan.crane@ninthwave.co.uk
or
Jon Lewis
Ninth Wave
07050 376100
jon.lewis@ninthwave.co.uk
A new solution to help organisations manage specific compliance and risk management processes more effectively is being unveiled by Ninth Wave at Project World. Designed and configured by Specialist Compliance Services, a Ninth Wave partner company, the PAT Compliance Management application is an end-to-end web based system that provides enterprises with an accountable and transparent view of the legal and regulatory procedures needed for corporate compliance, in order to manage and reduce business risk and reduce compliance costs.
Jon Lewis, Director at Ninth Wave stated, “The solution enables companies to meet the growing need to demonstrate compliance with the multiple codes, regulations, laws, policies and procedures that are essential business practices today.”
Duncan Crane, CEO at Specialist Compliance Services explained, “With increasing pressure on organisations to ensure compliance with regulations, governance codes, accredited process and supervision at all times, having visibility and instant access to the necessary management information and processes has become one of the highest priorities for businesses. Lack of clarity in this area can result in serious business and financial implications.”
“Our Compliance Management application aims to consolidate, process, present and distribute this vital information to the people who need it, whenever and wherever they can most benefit from it. This not only ensures enterprises can demonstrate corporate compliance at all times, but make more effective use of this information to reduce costs; increase the quality, efficiency and effectiveness of their business processes and minimise business risks.”
The PAT Compliance Management application enables timely, relevant and accurate information to be stored, centrally managed and retrieved from a single database, providing senior executives and accountable persons with instant access to policies and procedures in a secure and controlled knowledge management environment.
PAT’s web based adaptive platform allows information to be shared by multiple users across geographically dispersed sites. The history of communications, procedures or complaints can be tracked and monitored through a complete audit trail. This enables business decision makers to see who is responsible for processes where compliance must be demonstrated, what stages are being undertaken, what stages need to be taken, issues that need escalating and the risk elements involved.
Crane continued, “PAT Compliance Management enables organisation to bring its compliance processes into better focus, enabling for more informed and timely business decisions to be made. The solution reduces administration, streamlines business costs and provides more information that is essential to ensure corporate compliance and continuous and effective risk management across single or multiple organisations on a global scale.”
PAT is a highly configurable system and enables companies to choose how they present their information, which information to track and who can access it.
Features
- Automation of compliance management processes, tracking and reporting
- Complaints handling – capture, tracking, milestones, standard resolution approaches,
early warning of potential breaches, escalation, review, trend analysis, causal analysis,
precedence, workload partitioning and balancing, allocation, authorisation, documentation
and communication management and retention, regulatory reporting, compliance dashboards
and graphical analysis by product types, channels, complaints type, solution types, internal
and external timing objectives and more
- Authorisation – identification of authorised and approved staff, authorities,
authorised activities, authorisation criteria, training and competencies, scheduling review
and renewal, application to staff allocation and assignment
- Forum and meeting management – referring activities, issues, risks, complaints etc
for review, creating agendas, minuting actions and decisions, tracking and follow up,
escalation, audit trails
- Additional capabilities - ability to define business rules, track performance and identify
exceptions; graphical analysis; full audit trails; comprehensive search facilities;
documentation management; bulk edits and updates; timelines; time management; diary management;
e-mail integration; secure remote unlimited user defined analysis structures – departmental,
legal entity, functional, process, product, distribution etc
Ninth Wave offer programme, project, and knowledge management software solutions. Since 1995, Ninth Wave have used their extensive experience in Programme and IT Management to build a successful consultancy. After struggling with second-rate tools, Ninth Wave set up their own software division in early 2000 and selected an elite team of developers to create a new generation, collaborative knowledge management tool - PAT.
PAT applications include Programme and Portfolio Management, Help Desk, Resource Management, Inventory Management and PRINCE2.
New applications can be configured within days from this web-based and highly adaptive platform. All applications include document management, powerful security, built-in flexibility and integration facilities.
For further information, please contact:
Duncan Crane
Specialist Compliance Services
07050 255395
duncan.crane@ninthwave.co.uk
or
Jon Lewis
Ninth Wave
07050 376100
jon.lewis@ninthwave.co.uk