Enterprise Risk Management and Governance

√  Standard and user-defined risk and controls models

Implement centralized and decentralized risk and control models to manage common and process-specific risks across your organization to streamline controls and implement best practices.

√  Document in as much detail as required

Quickly link control data like financial account codes, IT systems data, and audit work papers to both process and control descriptions, making it easy to track your compliance data in as much or little detail as required.

√  Risk management repository

Move beyond 404 requirements and leverage OptiModel to manage all key risks in your company – giving you flexibility and confidence to plan for any type of event.

√  Simplify periodic testing

Take advantage of OptiModel’s integrated testing subsystem and checklists to schedule and manage common test groups across multiple locations and processes.

√  Industry Standard Support

Full support for COSO and IT models.

Document Management

√  Quickly build your documentation repository

OptiModel provides simple methods for attaching documents to process, control, and test data as well as company locations with automatic documentation classification and typing.

√  Quickly integrate audit documents for easy management and control

OptiModel makes it simple to track audit documentation across processes, tests, and controls – simplifying ongoing testing and certification processes and ensuring record retention compliance.

√  Microsoft Office integration

Continue working with the software you are familiar and comfortable with – simplifying implementation and enhancing quality.

Monitoring and Reporting

√  Take advantage of OptiModel’s comprehensive analysis and reporting tools

Quickly report all of your control and process data using a variety of filters to report only the data you need when you need it.

√  Work with data in the format you want

Easily create risk control matrix spreadsheets in Microsoft Excel formats with the capability to publish any report in multiple formats – including PDF, Word, and Excel.

√  Easily monitor your projects

Use OptiModel’s dashboard and reporting portal to quickly identify project status and report compliance data by company location and line of business.

√  Track and manage issues

Track control and test issues in a centralized database by user and role to simplify project management and remediation tasks.

√  Web-based financial statement  drill-down

Easily model financial statements and drill down from financial statement line items to related process and control data summarized by financial assertions.

√  Easily support single site or multi-company, multi-division implementations

Easily track your documentation to any number of levels in your organization with simple point and click technology.

√ Organize your compliance data to fit your business

User-defined groupings and lines of business make it easy to classify your data for effective management and reporting.

√ Automate your compliance process

OptiModel makes it easy to manage ongoing compliance with easy-to-use web based, multi-level approval processing and email alerts.

√ Automatic version control

OptiModel tracks versions of your documentation automatically as part of the review and approval process.

√ Eliminate repetitive tasks

Use OptiModel’s checklists and grouping features to structure your project tasks to match periodic review and test requirements and automate scheduling.

√  Integrated scheduling

Use OptiModel’s calendaring features to graphically view and manage schedules by user and role.

Publishing

√  Create your own web sites

Use OptiModel’s powerful publishing capabilities to create web sites targeted to different user groups – for example, on-line operations manuals and human resource web sites, and web sites for external auditors.

√  Publish to Microsoft Word

Publish all or part of your compliance data to Microsoft Word formats, making it easy to print and distribute your data on demand