Independent Research Firm Names Paisley Consulting as a Strong Performer in Governance, Risk and Compliance Platforms

Business Wire,  March 20, 2006  

Tags: compliance, Paisley Consulting Inc.

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COKATO, Minn. -- Paisley Consulting Recognized for Its Audit Integration Into Governance, Risk and Compliance Platforms in Analyst Research Report

Paisley Consulting, a leading provider of business accountability software, today announced that Forrester Research named the company as a strong performer in governance, risk and compliance platforms in its recent "Forrester Wave(TM): Governance, Risk, And Compliance Platforms, Q1 2006."

In the report, Forrester evaluated Paisley Consulting's current offering and strategy for governance, risk and compliance (GRC) platforms against 99 criteria in the areas of current product offering, strategy and market presence. Of the 10 companies included in the report, Paisley Consulting was cited as having the strongest audit integration into the GRC application.

Forrester reported that, "The unique strength of Paisley Consulting's solution is its ability to integrate the auditor's role in GRC...Risk Navigator is unique in its ability to directly integrate the auditor and audit processes into the Paisley Consulting platform." The report noted that Paisley Consulting was, "An especially good fit for buyers that require integration of audit management within the platform."

Paisley Consulting received the highest score available in the audit support category and was recognized for having, "Scalable audit support capabilities to extensively integrate and collaborate with internal and external audit. The vendor has modules specifically dedicated to the audit management process that are integrated consistently with the platform."

In this evaluation, Paisley Consulting was also cited for its flexibility in managing the intricacies of GRC. The report noted, "Paisley offers a platform that is flexible in its configuration and approach to define, measure, and manage risk across the complexities of an organization's structure and processes. With its roots in consulting, Paisley offers a range of advisory services developed from years of expertise, which has directly contributed to the depth and applicability of the platform for broad GRC purposes."

"This report underscores the importance of an integrated methodology that breaks down information silos and addresses governance and compliance in a holistic way," said Tim Welu, CEO of Paisley Consulting. "We are extremely pleased to be recognized by Forrester for our integrated approach to GRC, and our ability to deliver a common technology platform that can be shared by internal audit, risk management, compliance and business managers."

The Paisley Solution is the industry's only integrated platform for Sarbanes-Oxley compliance, operational risk management, internal audit and general compliance. By facilitating standardized, automated and collaborative processes between risk management, compliance, internal audit and business units, it eliminates the information silos that impede organizations' ability to truly evaluate the risks impacting their business. The Paisley Solution empowers executive management with the ability to better reconcile these risks and ensures risk evaluations are completed quickly, consistently and accurately.

The Paisley Solution leverages best practices learned from hundreds of successful implementations, a single technology platform and a unified database of information. The result is greater efficiency, improved collaboration, and reduced time and resource costs associated with risk management and compliance processes.

About Paisley Consulting

Founded in 1995, Paisley Consulting is the recognized leader in providing more than 1,200 organizations -- including 30 percent of the Fortune 100 -- with comprehensive and tightly integrated solutions to better identify and reconcile the risks impacting organizations thereby ensuring that evaluations of operational risk are completed quickly, consistently and accurately.

Leveraging industry best practices, a common technology platform and a unified database to facilitate standardized, automated and collaborative processes across the enterprise, Paisley Consulting customers are empowered to improve the accuracy, consistency and efficiency associated with Sarbanes-Oxley compliance, internal audit, general compliance and operational risk management initiatives. Developed for companies of every size and across multiple industries, Paisley Consulting's solutions can be implemented as an integrated whole for maximum value or may be deployed as individual point solutions. Either way, our best-of-value solutions can help you reduce costs and target opportunities for continuous improvement. For more information, call 320.286.5870, email info@paisleyconsulting.com or visit www.paisleyconsulting.com.

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