SHARON, Mass. -- MEGA International, the global leader in business process analysis and enterprise architecture solutions, today introduced customers of its Governance, Risk, Compliance (GRC) Platform, a comprehensive enterprise-wide solution for corporate governance that the company launched in December.
The GRC Platform shipped to initial customers, including the Delhaize Group, a multinational food retailer, and Banca Popolare Italiana.
The MEGA GRC Platform enables enterprises to design control systems, map risks, and meet multiple regulatory requirements. It provides efficient internal control management, while reducing the cost of compliance and eliminating redundant controls. Enterprises are selecting it to evaluate risk, identify and assess internal controls and control efficiency. It provides an event management environment with powerful quantitative analysis capability and sets up improvement strategies to help companies meet internal auditing and regulatory requirements.
The MEGA GRC Platform offers all of the essential features that are necessary to automate compliance operations to meet Sarbanes-Oxley requirements. It provides us with a single automated process to describe all risks and controls, maintain accurate compliance data, and communicate critical information across various departments, noted Thierry Claes, Finance Processes & Systems manager, Delhaize Group, Belgium. Our goal was to make compliance efforts more efficient and reduce the cost of compliance. Because Sarbanes-Oxley is such an integral part of company operations, we wanted a solution that would be efficient, effective, and last for many years.