(1888PressRelease)
March 17, 2007 - Mumbai 14 March 2007: This latest application version 3.0 will effectively reduce the compliance costs for US Sarbanes Oxley Act and can be applied to SEBI's Clause-49 compliance also. It will significantly improve financial control costs through process improvement and automation.
D'Risk is a full suite of operational risk products allowing a financial institution to reach AMA compliance. It is an entirely web-based, integrated solution, which operates with any client environment and is able create a parametric view of risk that is statistically justified through internal related assumptions.
D'Risk 3.0 adds significant value with a new analytic module and enhanced domain content and continues Azilon's vision to offer the best end-to-end robust solutions in the market.
Ted Baumsteiger, Director of Sales said "Azilon prides itself on solving the big problems for CXOs. Compliance costs are rising for Indian companies, especially those that are listed in multiple markets like India and US. Azilon solves GRC by combining world-class technology solutions with pre-loaded, best practice content. Azilon has incorporated best-practice content for Sarbanes Oxley compliance, internal audit, risk assurance, and fraud prevention in version 3.0 by teaming with experienced domain experts in multiple industries. D'Risk not only detects violations but actually prevents and controls them thereby providing customers with the means to enhance their productivity and efficiency. We provide unique solutions that are unmatched by other technology companies."
About D'Risk:
D'Risk is an Enterprise wide Risk Management Solution that provides process driven risk identification and auditing approach by taking a holistic view of organizational risk profile.
Integrates the output of various risk management solutions. Azilon's D'Risk product suite and related services help customers efficiently meet global regulatory compliance, financial control management and operational risk management objectives.
About Azilon:
Azilon is a leading solution provider of Enterprise Governance, Risk and Compliance Management. Azilon's team includes industry expertise in technology solution companies, accounting firms, publicly traded corporations, diversified financial institutions, healthcare organizations, regulatory entities, communications firms, and utility service providers.
Its objective is to provide organizations with an enterprise-wide solution to manage compliance and contracting processes across multifunctional business units more effectively. Its Enterprise Compliance and Risk Management System delivers standardize solutions in the area of regulatory filing, audit, regulatory tracking, and contract management.
Azilon is headquartered in Santa Clara, California, with international operations in India and Singapore.
For further information contact:
Raju Kane,
The Source
(Tel) +91 22 24901327/28/30
(Fax) +91 22 24901325
Email: mail ( @ ) sourcepr dot com
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