18.11.2008 14:00:00
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CA Teams with PricewaterhouseCoopers to Deliver a Joint Governance, Risk and Compliance Solution
CA, Inc. (NASDAQ: CA) announced today it has teamed with PricewaterhouseCoopers (PwC) LLP to deliver a joint governance, risk and compliance (GRC) solution to help companies improve operational efficiencies and better manage their risk and compliance initiatives. Together, PwC and CA can deliver an enterprise GRC solution to help reduce the risk of business interruption due to non-compliance with critical industry, governmental or IT regulations and standards. PwC's GRC professionals have deep industry experience, and can help companies identify and define an integrated GRC lifecycle framework while CA’s GRC Manager solution can help enable the implementation of an effective risk and compliance program.
Key benefits of the PwC and CA joint solution include:
- Leveraging the experience of PwC’s GRC professionals and CA’s experience in implementing risk management systems throughout the enterprise to achieve a more effective GRC program.
- Gaining visibility into risk and compliance across the organization via dashboard views, enabling "real-time”, transparent insight into a company's compliance posture.
- Gaining a centralized repository that maps controls to risks, policies, and regulations, helping companies more easily and efficiently manage compliance.
- Realizing a comprehensive and cost-effective GRC program through streamlining GRC operational processes.
- Achieving centralized test results and policy documentation.
"Organizations can create and sustain an effective governance, risk and compliance program through integrating people, processes and technology,” said Andrew Toner, principal, PricewaterhouseCoopers. "In today's economic climate, there is an increased call for transparency and accountability. PwC and CA, together, can help organizations more effectively and efficiently address enterprise governance, risk and compliance requirements.”
Acxiom, a global interactive marketing service provider, is now working with PwC and CA to implement a GRC program to help manage critical industry regulations. Together with PwC, CA helped Acxiom map their financial and IT controls to their compliance drivers and provided the dashboards that Acxiom needed to better evaluate their compliance posture. This solution helps Acxiom address compliance more efficiently and more routinely.
"Developing a holistic governance, risk and compliance program has been a key priority for us this year, as we sought to implement a single solution that gives us the level of visibility and accountability that we need to facilitate compliance with key industry and regulatory requirements, customer expectations, and internal objectives,” said Holly Marr, operations management organization leader, Acxiom. "We turned to PwC for insight into our business processes and controls, and determined that the joint solution offering with CA would give us that powerful combination of business process advice and a technology solution to support our ongoing compliance program.”
In addition, PwC and CA are also offering a joint solution for insurance organizations faced with the new requirements concerning the Model Audit Rule (MAR) mandate which requires insurance organizations to adopt corporate governance and reporting standards similar to Sarbanes-Oxley (SOX) for the 2010 reporting period. By integrating technology with business process, people and information, insurance companies can reduce costs while addressing specific MAR compliance goals and objectives.
"It should come as no surprise that meeting multiple regulatory requirements is an ongoing challenge—sometimes daunting and overwhelming—for companies across many industries,” said Marc Camm, senior vice president and general manager for Governance, Risk and Compliance Products at CA. "The new requirements related to the Model Audit Rule mandates are a perfect example of how updates to regulations can add complexity for insurance organizations already working to meet other federal, state and industry mandates. Through using PwC’s consulting services and by implementing CA’s GRC Manager as part of the joint solution offering for MAR, insurance companies can more cost-effectively address these MAR requirements as part of a sustained GRC program.”
"PwC is a leader in regulatory compliance and risk management, helping companies to address SOX, HIPAA, PCI, Basel II and other compliance issues within their organizations,” continued Camm. "It’s this industry experience combined with CA’s GRC Manager solution that helps our clients to implement a truly sustainable GRC program.”
Additional Resources
- PwC offers a website to help organizations "Get Up to Speed on Risk and Regulation Topics.” To receive key information and insights on risk management in a series of short papers, subscribe at: http://www.pwc.com/extweb/home.nsf/docid/F3F98E195272D813852574C200657842?WT.ac=GetUptoSpeed-GovernanceChallenge
- PwC's white paper on "Making Smarter Risk Decisions” can be downloaded at: http://www.pwc.com/extweb/pwcpublications.nsf/docid/D68248CA2B5B50608525736F0068B560
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CA's white paper on "Minimizing Business Risk with Unified Policy and
Compliance Management” can be downloaded at:
https://www.ca-grc.com/white_papers/wp_5_1_10
About PricewaterhouseCoopers
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 155,000 people in 153 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.
© 2008 PricewaterhouseCoopers LLP. All rights reserved. "PricewaterhouseCoopers” refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.
About CA
CA (NASDAQ: CA) is the world’s leading independent IT management software company. With CA's Enterprise IT Management (EITM) vision and expertise, organizations can more effectively govern, manage and secure IT to optimize business performance and sustain competitive advantage. For more information, visit www.ca.com.
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Trademarks
Copyright © 2008 CA. All Rights Reserved. One CA Plaza, Islandia, N.Y. 11749. All trademarks, trade names, service marks and logos referenced herein belong to their respective companies. CA does not provide legal advice. Neither this document nor any CA software product shall serve as a substitute for the reader’s compliance with any laws (including but not limited to any act, statue, regulation, rule, directive, standard, policy, administrative order, executive order, etc. (collectively, "Laws”)) referenced herein. The reader should consult with competent legal counsel regarding any such Laws.
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