At the Xactium Annual Conference in London on November 8th 2017, attendees were given a preview of some of the new features that will comprise the enhanced Xactium Compliance Management system due to be released in early 2018.
Xactium Compliance Management will provide organisations with a modern, user-friendly and flexible tool to manage and report on all compliance related activity.
It will be fully integrated with the Xactium Risk and Audit Management Suite, putting Xactium in an even better position to help organisations to implement one coordinated and consistent approach across all three areas.
New features of the Xactium Compliance Management system include testing functionality and test cycle automation to support Compliance Monitoring and the ability to easily track Self Compliance activities, such as completion of training.
Andy Evans, Xactium Managing Director, commented, “Our development of the new Compliance platform has been centred around improving usability to help organisations increase efficiencies, as well as provide greater assurance in effectively tracking and monitoring all compliance related activity, from one central location.” Andy continued, “With a consistent look and feel across our product suite and the flexibility to mix and match tabs across all areas of risk, audit and compliance, this allows our customers to easily adapt the system to reflect the way they operate these areas.”
The Compliance system will also make it a lot easier for organisations to keep a track of all key regulations and upcoming changes and to continually assess their impact, as well as monitor and report on findings, breaches and issues.
Andy added, “Another key enhancement area for our development team is the reporting capability. We want our customers to benefit from highly customisable analytic reports to gain valuable insight into every aspect of their compliance process. Having access to this information at their fingertips will save valuable time and money.”
- About Xactium -
Xactium is a cloud based GRC software provider that helps Risk Managers to transform the way that organisations evaluate and manage their enterprise risk. Xactium is the world's first risk-intelligent system, with the revolutionary use of embedded AI, 3D visualisation & automation that improves efficiency and creates innovative analytics.
As the central risk platform used by the FCA to supervise the market, it has also been adopted by a wide range of financial services organisations from across the industry. Companies such as Direct Line Group, JLT, MS Amlin and Argo Group.