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80-20 Software Announces Leaders4; Delivers Radical
Reduction in Enterprise Governance, Risk and Compliance (GRC) Management
Costs
Leaders4 sets new standards for the Automation of
GRC Business Processes
November 22, 2005 (Melbourne) —
80-20 Software, the global leader in enterprise governance, risk and compliance
management (GRC) solutions, today announced the release of Leaders4, the
newest version of the company's market-leading application for integrating
GRC with operational business processes.
“Building on the needs and experiences of our worldwide
client base, Leaders4 is set to revolutionize the GRC industry, enabling
a radical reduction in governance, risk and compliance management costs
through the consolidation of previously disparate systems and processes”
said Mark Ross, Executive Chairman of 80-20 Software.
“Leaders4 is the culmination of a multi million dollar
R&D investment and was partly funded through a prestigious Federal
Government R&D grant awarded for technology innovation.” said
Ross. “On the back of recent positive assessment in the Gartner
Financial Compliance Magic Quadrant, 80-20 Software continues to assert
clear leadership in GRC solutions”.
“We have had a preview of Leaders4 and early results
show that this is an impressive extension to an already powerful product,”
said John DeGroot, Compliance Manager, Hydro Tasmania. “The enhanced
compliance frameworks and incident management capabilities will enable
us to standardise governance and compliance management processes around
this solution”.
What's New in Leaders4:
· Board Information Management
- centralized document shredding, configurable meeting notifications,
multiple sets of minutes for the same meeting, variable agenda formats,
configuration and committee setup wizards, and enhanced full-text
searching of records and archives to make it even more flexible. |
· Risk Management – residual
risk assignment incorporated within control certification, point
in time risk reporting and period closes, fully customizable Risk
Frameworks allowing alignment with internal corporate processes
and terminology, incident management incorporating extensive loss
data allocation, management and reporting. |
· Compliance Management –
new automated compliance calendar, enhanced compliance questionnaires
including powerful new reporting and distribution options and a
new incident management capability supporting anonymous complaints,
incidents, issues and remediation monitoring. |
· Sarbanes Oxley §404 Compliance
– new mapping of controls to control objectives in addition
to risks, point in time reporting, long running control assessment
support and complete integration with the enhanced questionnaire
and new incident management modules. |
· Questionnaires, Certification &
SoX §302 – delegation of questionnaires, extended
automatic roll-up reporting, question response override, response
approval workflow, support for large respondent groups and enhanced
evidence capture and reference capabilities. |
· Reporting – enhanced
cross-sectional reporting, save common report and queries definitions
for re-use, post reports directly to Leaders4 reading rooms, meeting
agenda or document repository or output reports to Microsoft Excel.
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About 80-20 Software
Founded in 1997, 80-20 Software develops governance, risk and compliance
(GRC) solutions designed to improve the quality, accuracy and timeliness
of information available to senior management teams and boards. The company's
GRC solution includes tools for board information management, governance,
regulatory compliance, financial controls and risk management. With offices
in Australia and the US, 80-20 Software’s customers include a significant
percentage of Australia’s largest public and private organizations
and a growing list of large US based entities. For more information please
visit www.80-20.com.
Media Contact:
Michael Douglas
80-20 Software Pty. Ltd.
+61 3 9866 8755
+1 425 739 6767
press@80-20.com
80-20 Software and Leaders are either registered trademarks
or trademarks of 80-20 Software in the United States and/or other countries.
The names of actual companies and products mentioned herein may be the
trademarks of their respective owners.
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