Compliance.

Paisley Consulting, a leading provider of business accountability software, has brought out The Paisley Solution, a new offering integrating its two flagship products, AutoAudit[R] and Risk Navigator[TM]. The product provides a common technology platform shared by internal audit, risk management, compliance and business managers with a unique user interface or set of features for each user group. Key accountability groups all benefit from the sharing of data and elimination of redundant efforts.

According to Paisley, organizations tend to work in silos, which hurt management's ability to gather data and summarize it for the organization. Data coming from various silos has an intrinsic level of inconsistency. Management may be unable to reconcile similar evaluations coming from different groups because each manager is using a different set of business unit definitions and evaluation criteria.

The Paisley Solution "establishes a common universe with consistent definitions of business entities and terms within a unified repository for enterprise data," the company says. Additional benefits and highlights include:

* Internal audit, risk management, compliance and business users share an integrated technology platform.

* A common universe with consistent definitions of business entities, risk and control models, and business terms is established within a unified repository for enterprise data.

* Shared data and leveraged efforts break down walls between key accountability groups.

* Unique interface and modules provide specific functionality for each user group. Each group completes an independent evaluation of the organization's entities.

* Common definitions of business entities allow executive management to reconcile the evaluations completed by the various groups.

The Paisley Solution provides the architecture to establish and enforce a common universe of business entities. Paisley Consulting provides a suite of tools that can be used independently or as a unified tool set.

Risk Navigator provides modules for capturing Sarbanes-Oxley compliance, operational risk management data as well as monitoring and documenting general compliance activities. These modules rely on business users to assist in data gathering and evaluation. AutoAudit is an audit management tool for internal audit departments and assists them in conducting their independent evaluations. When used together, they share a single data repository and operate on the same architecture, sharing a common database and security structure.

Web: www.paisleyconsulting.com