RequirementONE for Regulatory, Corporate Governance and Compliance

26 January 2016
David Levy, Marketing Manager David Levy, Marketing Manager

IT Compliance FrameworksTHE CHALLENGE

As if IT departments didn't have enough to worry about these days, they also have to manage IT compliance by ensuring that their organization is responding to various industry and functional frameworks and regulations, which are designed to keep sensitive customer data safe or assure operational continuity. It’s an increasingly difficult task in today's decentralized, mobile, app-filled world. It's enough to give a CIO or CTO a headache.

For example, COBIT (Control Objectives for Information and related Technology) is a major IT governance and control framework. COBIT provides a structure for 37 IT processes typically found in an organization. Each process is defined together with process inputs and outputs, key process activities, process objectives, performance measures and an elementary maturity model.

REQUIREMENTONE’S COBIT 5 SOLUTION

RequirementONE’s platform for operationalizing best practices makes it easy to capture COBIT 5’s 1,300 articles and controls, as well as build policies which respond to the framework.

POLICY DEVELOPMENT

You can centrally manages policies, procedures and controls mapped to COBIT 5 Activities and Controls.

Efficiently manage the policy lifecycle development process. Create a record for all the information in a policy. The lifecycle improves governance of audit-related activities, data and processes.

  • Stores all policies as documents
  • All policy information is stored as a record

REPORTING

Use real-time reporting to form a consolidated picture of compliance efforts. This allows your business, IT and internal/external audit teams to review your policies and all compliance efforts underway.

SYSTEM INTEGRATION

Automate the movement of compliance data into and out of RequirementONE to support data analysis, process management and reporting.

QUICK DEPLOYMENT TO ALL STAKEHOLDERS

Our cloud-based solution can be set-up in hours and enables a single point of truth that all stakeholders can collaborate on. All internal and external parties can participate:

  • CIOs
  • CTOs
  • IT Managers
  • Compliance Managers
  •  Internal auditors
  • External auditors

ROBUST FUNCTIONALITY

Policies are stored and managed in the Specification app. RequirementONE’s robust Feedback app enables you to solicit input from anyone inside or outside your organization. Identify and record inconsistencies with the Issues app.

Individual policies can be linked to multiple controls, avoiding duplication of effort. Changes to policies are tracked, so you can see the history of who edited the content and when. Reports can be generated showing which articles have controls and policies in place and which still need work.

CONCLUSION

If you are still using Word documents or Excel spreadsheets on SharePoint to manage regulatory compliance you are opening the process up to significant risk in terms of errors and version control problems.

IT professionals responsible for compliance with COBIT 5 should consider using RequirementONE as their IT regulatory compliance solution.