VariTRAK offers software solutions for governance compliance monitoring. Whether it’s IT Governance, HIPAA, SOX or CMM, regulatory or best practices, the VariTRAK solution fits complex corporate organizations and their strategic business processes. VariTRAK is compliance monitoring.

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Governance is not a one size fits all. Compliance tools must be flexible too. Evolving companies must have the flexibility to change governance as strategic initiatives and business objectives change. Compliance monitoring tools must be simple and fast to implement and while delivering visibility into complex business structures and governance models.

Good C-Level decision making connects technology decisions with business objectives. Compliance tools must maintain visibility of business objectives and risks in the technology environment.

Solid growth and profitability come from better decisions made possible by monitor performance and accountability and measuring the impact of good decision making. Compliance tools must monitor real-time performance of accountabilities and provide traceability of the results.

Governance has legal implications for many. Compliance tools must demonstrate the organizations controls over and access to information assets.

Organizations must adapt, learn, and innovate to thrive. Successful governance management knows what you have, what works and what doesn’t, who’s accountable, and accurately measuring the results, so that organizations can learn, adapt and innovate. Compliance tools must facilitate the visibility into the organization’s governance.

 Benefits of Compliance

IT organizations and business unit managers know the importance of maintaining their compliance with regulations and standards. Benefits are many, including higher productivity, more effective employees, and more competitive organization. These are just a few of the benefits that are reflected in bottom line profits.

Efficient business processes have become the basis for developing robust compliance methodologies. As an organization begins to implement a system requiring compliance the need for well defined control development process becomes apparent. It is the basis for understanding the importance of a business process and the effort needed to manage the risks of a failed process. Failure to comply with the law can have negative to extreme detrimental effects on the organization, including dissatisfied customers, poor public relations, loss of market share, and costly fines.

 Compliance Monitoring

Having a set of compliance controls, well thought out, aligned and mapped to the business key objects, and documented cannot be implemented without employees, the key resource in the formula. Employees need support. A single regulation requirement like SOX or HIPAA can yield thousand of controls.

VariTRAK is the constant vigilant. We monitor the controls by providing a system which schedules and notifies employees when to take action and notifies managers when action has not been taken and compliance is at risk.

 Holistic approach

ERP and application software vendors may have provided solutions for their domain but this falls short of the holistic approach that an organization needs. A dash board for each ERP and application system can yield tens of views that only serve a fragment of the organization and confuse management.

VariTRAK views compliance from the entire organization.

 VariTRAK Delivers

VariTRAK provides management and auditors with a full accounting of the actions taken and results achieved by the organization in maintaining the systems that are required to comply with regulatory laws and statutes, governing codes and ethics, and best practices of the enterprise.

This is accomplished through allowing transparency into the operations and activities related to compliance. With the VariTRAK solutions an organization can establish visibility and control over a unique Operational Risk Index (analogy with a Customer Satisfaction Index). The compliance solutions and services VariTRAK provides are founded on the following principals: Accountability, Traceability, Authenticity, and Timeliness.

 Benefits

• Controls are monitored continuously in real time.
  
  
• Notices and escalations are recorded and sent in real-time. Similarly, responses to email notifications and result recording are archived real-time for audit inspection.
  
  
• Notices and Escalations and Dashboards help to prevent control violations before they occur.
  
  
• Empowers employees to perform their compliance tasks on time and escalate when necessary.
  
  
• Works in concert with other application systems picking up where ERP systems stop.
  
  
• Results and audit data is securely recorded and stored away from changes and edits.
  
  
• Role based views of the controls dashboards give flexible and real-time for effective management.
  
  
• Drill down capabilities of the dashboards gives management instant access to potential control violations and quickly pinpoint root cause.
  
  
• Color coding and indexing of dashboard views aids management in finding high risk control situations for responsive management.
  
  
• System scales to enterprise solution handing hundreds of thousands of controls in continuous real-time monitoring.
  
  
• System leverages IT assets such as email and messaging servers to minimize costs and maximize benefit.