Protiviti and Complinet Synch Up on Sustainable Compliance Management

New Integration of Protiviti's Governance Portal and Complinet's Regulatory Compliance Enabler Improves Organizations Ability to Comply with Regulatory Developments

News provided by

Protiviti

May 26, 2010, 01:00 ET

MENLO PARK, Calif., May 26 /PRNewswire/ -- Protiviti Inc. (www.protiviti.com), a global business consulting and internal audit firm, and Complinet (www.complinet.com), the leading provider of connected risk and compliance solutions, today announced the Complinet Regulatory Enabler for Protiviti's Governance Portal. The Enabler allows customers to automatically populate risk action plans created in Protiviti's popular Governance Portal with the latest global regulatory rule developments. The integration ensures companies are basing their risk and mitigation decisions on the most current information available.

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"To be effective, risk management actions and decisions must be based on the most up-to-date regulatory information," said Scott Gracyalny, managing director and global lead of Protiviti's Risk Technology Services group. "With the Complinet Regulatory Enabler for the Governance Portal, we provide our customers with automatic notification of all regulatory issues and changes that directly affect them. This allows our customers to quickly incorporate industry-wide regulatory changes, track the progress of decisions and determine the impact across the enterprise, ultimately saving time while increasing accuracy and transparency."

The Governance Portal integrates Protiviti's proprietary content and consulting expertise with commonly accepted governance frameworks to establish a comprehensive platform for the visibility and insight needed to manage and mitigate critical risk and compliance issues. The Governance Portal organizes entity-level documentation, regulatory topics, risk evaluations and control testing around a configurable process framework that enables information analysis from various points of view. The Complinet Enabler offers clients access to regulatory information from more than 160 regulators and exchanges in more than 35 countries, tracking more than 550 individual regulator events such as policy statements, speeches, rule filings and consultation papers.

"In the current environment, many companies are finding it harder than ever to stay on top of regulatory changes and manage their risk and compliance efforts effectively, all while controlling costs," said Chris Pilling, CEO at Complinet. "With the governance framework provided by Protiviti and the direct stream of regulatory intelligence from Complinet, these organizations finally have all the tools and automation they need to increase risk management efficiency and drive down costs."

The integrated technologies effectively create a live data connection between the Protiviti and Complinet solutions, delivering a daily feed of global regulatory intelligence to the Governance Portal. The linkage is based on Complinet's industry-leading taxonomy, which allows compliance themes and global regulatory rule developments to be linked to a company's specific business hierarchy established within the Governance Portal. This approach ensures that only relevant regulatory intelligence is delivered to the appropriate person managing the risk. Connecting to Complinet provides companies with greater assurance that their compliance and risk frameworks appropriately consider current and emerging regulatory issues.

The daily data feed from Complinet ensures that a company's risk and control systems always reflect the latest regulatory developments. This in turn:

Reduces the total cost of compliance by eliminating expensive manual tracking of regulatory changes
Minimizes the risk of potential fines arising from missing new requirements
Improves the quality of information used for decision-making
Improves regulatory transparency
Enhances business performance and drives process efficiencies
Establishes an active compliance environment.

The Complinet Regulatory Enabler for the Governance Portal is available now. For pricing information, please contact Protiviti or Complinet.

About Protiviti

Protiviti is a global business consulting and internal audit firm composed of experts specializing in risk, advisory and transaction services. The firm helps solve problems in finance and transactions, operations, technology, litigation, governance, risk, and compliance. Protiviti's highly trained, results-oriented professionals provide a unique perspective on a wide range of critical business issues for clients in the Americas, Asia-Pacific, Europe and the Middle East.

Protiviti has more than 60 locations worldwide and is a wholly owned subsidiary of Robert Half International Inc. (NYSE: RHI). Founded in 1948, Robert Half International is a member of the S&P 500 index.

About Complinet

Complinet is the leading online provider of connected risk and compliance solutions to the global financial services community.

Complinet's cost-effective range of services includes a "complete" service that delivers insight and interpretation of regulatory risks and developments. Our portfolio also helps firms to screen their clients, manage their policies and train their staff.

Complinet was founded in 1997 and employs more than 200 people in its offices in New York, London, Sydney, Singapore and Dubai. Every day, industry professionals in more than 1,900 firms across 81 countries rely on Complinet as their information partner for ongoing analysis and solutions that help them keep pace with changing regulations.

Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial statements or offer attestation services.

SOURCE Protiviti