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Azilon Announces D'Risk 3.0
By CXOtoday Staff
Mumbai, Mar 15, 2007
Silicon Valley based Azilon Corporation, a GRC (governance, risk and compliance) software solutions leader has released D'Risk version 3.0 for the Indian market.
The version claims to reduce compliance costs for the US Sarbanes Oxley Act and can be applied to SEBI's Clause-49 compliance also.
The application version will significantly improve financial control costs through process improvement and automation. D'Risk is a full suite of operational risk products to allow a financial institution to reach AMA compliance.
D'Risk is an entirely web-based, integrated solution, to operate with any client environment and will be able create a parametric view of risk to be statistically justified. D'Risk 3.0 claims to add significant value with a new analytic module and domain content.
Ted Baumsteiger, Director of Sales, Azilon, adds, "Azilon prides itself on solving big problems for CXOs. Compliance costs are rising for Indian companies, especially those that are listed in multiple markets like India and US."
Azilon claims to solve GRC by combining world-class technology solutions with best practice content. Azilon has incorporated 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 claims to not only detect violations but prevent and control them to provide customers with means to enhance productivity and efficiency.
Azilon client list in India and globally includes PNB and HDFC, Wells Fargo, Caloptima, Molina Healthcare, Pacificare, United Healthcare.
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Can this solution reduce risk compliance costs?
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