DOI Bureau of Reclamation to Use Compliancy Software for Oversight of Stimulus Funds
Compliancy Software, provider of next generation GRC Plus solutions for automating business processes for Governance, Risk management, and Compliance regulation PLUS any general business operations was selected by the Department of Interior’s (DOI) Bureau of Reclamation to manage their internal controls for stimulus spending, transparency and reporting requirements.
The American Recovery and Reinvestment Act of 2009 requires that an accountability risk framework be put in place that includes internal controls to mitigate risks, monitor accountability and performance, identify issues, report information for transparency, and collect all transaction evidence for auditability.
The Bureau of Reclamation selected Compliancy because of their previous success with automating their OMB-123A regulatory requirements and other finance and IT internal controls. The easy extensibility and utilization of the Compliancy solution made it ideal for ensuring compliance in a timely manner with the Recovery Act requirements while minimizing their costs for expansion and coverage.
The Bureau of Reclamation manages, develops, and protects water and related resources in an environmentally and economically sound manner in the interest of the American public. The Bureau is the nation’s largest wholesale water supplier operating 348 reservoirs, is the second largest producer of hydropower in the United States operating 58 hydroelectric power plants, and manages with partners 289 recreation sites.
“Compliancy’s solution is ideal for automating processes for stimulus tracking, accountability, issues management, and reporting with its unique built-in controls to ensure compliance and results,” said Mark Shaw, CEO, President and co-founder of Compliancy Software. “Companies have the flexibility to start with any process and then expand and integrate as needed for any regulatory and general business operation.”
Compliancy’s application is an integrated BPM-based automation solution that is easier to use with integrated roles driven interfaces and its unique Individualized Task Routing™ (ITR) so that task owners only deal with their specific tasks thus eliminating access to complex systems and significantly reducing training and support costs. It offers advanced capabilities such as continuous control monitoring, rules driven escalations, customizable alerts and reporting, and web services driven application integration.
About Compliancy Software
Compliancy Software provides a single BPM-based application for automating any business processes with built-in compliance level controls to ensure results. Companies have the flexibility to start anywhere and grow to address all their Governance, Risk Management, and Compliance (GRC) requirements PLUS their general business operations such as financial processes. Compliancy Software is experienced in a broad range of process automation implementations across multiple regulatory compliance and business operations such Sarbanes-Oxley, FCPA, Month End Close and General Ledger reconciliation, Budget processes, Security processes and more. Compliancy Software can provide solutions ranging from on premise enterprise solutions to Software-as-a-Service to best fit a company’s budget and requirements. Visit us at www.compliancysoftware.com.
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