Compliance Manager 5, built on Appian's BPMS software, is designed to assist organizations in maintaining compliance with financial regulations, such as Sarbanes-Oxley; privacy regulations, such as HIPAA and the EU Data Directive; and best practices regulations, such as ISO and OSHA standards.
In managing companies' compliance efforts, the new software can import and document financial data into COSO-based, industry-specific control frameworks, notify people of actions required to achieve compliance; and assign control tests and evaluate results, officials with the Vienna, Va., company said.
The software can also raise, track, and remediate issues; and generate personalized dashboard-style reports. All functionality is done through a single, consolidated, Web-based environment. The product is also capable of managing efforts in organizations with offices in multiple countries.
The product offers continually updated reporting to deliver a more immediate status of an organization's compliance efforts. The software's Active Control Monitoring capabilities enable companies to create and monitor their internal controls in real-time in order to minimize the risk of non-compliance.
Applian's Compliance Manager 5 is available now. Pricing was not disclosed.
In May, the software maker released an upgrade of its BPM suite. Appian Enterprise 5.6. spreads process access and control through new Ajax-powered designer and rules interfaces, improved access to real-time metrics, and enhanced integration with Microsoft Office apps and RSS feeds.