Governance Accelerator, is a Multi-Regulatory Enterprise Compliance Management system designed for the Board of Directors, the Chief Compliance Officer, the compliance department, and the enterprise as a whole, that automates and simplifies many compliance processes, such as management of internal controls, board-books, tracking regulator interactions, policies and procedures, and reports.

Governance Accelerator therefore enables higher and faster levels of compliance, and provides dramatic risk and operational cost reductions.

Governance Accelerator generates the mandated Annual Compliance Report from data gathered in day-to-day activities. This Annual Compliance Report can then be presented for quarterly, biannual or annual board reviews to show higher levels of compliance and overall activity and progress.

Governance Accelerator is based on COSO concepts, (objectives, risks, policies and procedures, controls, exceptions, resolution of exceptions, etc.) but configurable to a variety of compliance frameworks. In other words we are flexible on how many of these concepts are implemented and how they are implemented.

For example, some of our customers implement just internal controls with workflows, without any document management, risks, objectives or regulation references. But others may choose to implement controls, policies and procedures and risks. Of course, it is a good idea to cross-reference these concepts as much as possible.

Some of instances of Governance Accelerator have been pre-configured for specific industries. See for example our product specifically tailored for Mutual Fund compliance. However, some of our customers have customized our product for Investment Advisers, Special Accounts and Service Providers.

The building blocks of Governance Accelerator are:

• COSO-based Internal Control Management
  COSO-based internal controls can be defined, scheduled and managed. Internal control data can be documented or uploaded through the application, and a full internal control reporting feature set is available.
  
  
• Document Management
  Store policies and procedures, training manuals and other internal documents, and track their versions and changes. Cross-reference policies to internal controls and regulations. Our product can also integrate to other document management solutions.
  
  
• Objectives and Risks
  Definition, management, tracking and reporting of compliance objectives. Objectives are traced to internal controls, policies and procedures, and other compliance-related activities.
  
  
• Customizable Annual Compliance Reports
  Customizable out-of-box Annual Compliance Report that includes:
  1) Operational Section (activity reports)
  2) Change Report (of policies and procedures and internal controls)
  3) Incident Report (violations of laws, policies and procedures, complaints, etc.).
  
  
• Regulation Database
  Browse and search through multiple regulations (laws, standards, etc.), annotate regulations, cross-reference regulations to internal controls and policies and procedures. Governance Accelerator ships with sets of pre-loaded regulations -- see the list on the right hand of this screen.)
  
  
• Management of Incidents (Investigations, Complaints and Exceptions)
  Incidents, investigations, complaints and audits can be created, assigned, tracked, and reported.
  
  
• Electronic Board Books
  Board members can review and approve quarterly board books on-line.
  
  
• Hierarchical Visualization and Cross-Referencing of the Entire Enterprise
  The entire enterprise and its business units can be visualized and cross-referenced to regulations (laws, standards, etc.), internal controls, processes, procedures, training manuals, key performance indicators, and people.
  • Executives, managers and workers can be mapped to organizations and business processes, with clear assignment of compliance-related responsibilities such as documentation requirements, internal controls, reporting and attestation of corporate statements.
  • Report who is responsible for operations, compliance activities and for the enforcement of regulations or goals at all levels!
  
  
• Browser-based
  Access the application anywhere through a conventional browser.
  
  
• Security and Multi-User Access
  Security and multi-user access across the enterprise allows all users benefit from it, from CCOs, (Chief Compliance Officers), CGOs (Chief Governance Officers), CEO, CFOs, managers, operations, trainers and trainees, etc.

• Securities Act of 1933
• Securities Exchange Act of 1934
• Investment Company Act of 1940
• Investment Advisers Act of 1940
• Investment Advisers Rules
• Private Securities Litigation Reform Act
• Securities Litigation Uniform Standards Act
• National Securities Markets Improvement Act
• Glass-Steagall Act
• Bank Holding Company Act of 1956
• Gramm-Leach-Blilely Act
• Sarbanes-Oxley Act
• EEOC
• Health Insurance Portability and Accountability Act
• Freedom of Information Act

Our solution completely automates Sarbanes-Oxley 302, 404, and 409!