5 August 2008

Microsoft and consulting firm BearingPoint have jointly announced the BearingPoint Enterprise Governance, Risk and Compliance (EGRC) solution.

BearingPoint says it has created a risk-based compliance solution based on Microsoft technology that helps organisations identify areas of risk, assess and remediate control deficiencies, and strengthen compliance without compromising profitability.

Built on Microsoft Office SharePoint Server 2007, the solution includes software and management tools to help organisations manage risk and compliance through the use of alerts and analytics. For example, an organisation can set alerts so that if key risk indicators or compliance metrics are exceeded, e-mail notifications are triggered and workflow steps are initiated, forcing employee actions to address the activity. These reactions are documented and audit trails maintained to assist companies in validating that appropriate and timely actions are taking place.

“In so many organisations, compliance and risk management are treated as silos of responsibility, supported by costly, reactive point solutions,” said JR Reagan, vice president and managing director of global risk, compliance and security at BearingPoint. “By merging our deep experience in risk and compliance management with Microsoft’s technology, we are delivering a powerful, compelling and cost-effective solution for clients worldwide.”

“Initially developed for the public sector, the risk-based compliance solution now addresses the business-critical risk and compliance management needs of our enterprise clients across a number of industries,” said Brian Scott, vice president of worldwide industries at Microsoft. “The global competitive environment continues to become more challenging, and the competitive pressure is substantially increased by the need to meet more demanding regulatory requirements. To help meet global competitive and regulatory challenges, we have teamed up with BearingPoint to develop a solution that provides the seamless communications, connections and collaboration needed to break down today’s barriers between operations and compliance.”

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