IT Governance Software Solution

Xybion provides the industry’s most comprehensive GRC platform for cloud- and premise-based deployments

Xybion provides a complete IT Governance software solution as part of its eQCM® XD Quality Management software suite. In today’s challenging technology and business environment, many compliance processes are driven or highly-influenced by IT systems. Such systems, whether QMS, ERP or otherwise, are integral to initiating, recording, approving, and reporting crucial compliance information in accordance to internal and external mandates. The Sarbanes Oxley Act (SOX), mandates that an internal control framework over financial reporting is established and monitored.

IT systems are highly integrated into the various financial reporting processes targeted by this regulation. The SEC’s June 2007 Final Rule for the Commission Guidance Regarding Management’s Report on Internal Control over Financial Reporting, underscored the importance of the influence of IT controls and governance stating “while IT general controls alone ordinarily do not adequately address financial reporting risks, the proper and consistent operation of automated controls or IT functionality often depends upon effective IT general controls. The identification of risks and controls within IT should not be a separate evaluation. Instead, it should be an integral part of management’s top-down, risk-based approach to identifying risks and controls and in determining evidential matter necessary to support the (control) assessment”.

In response to these regulations, various organizations and bodies have released guidance such as ITGI’s IT Control Objectives for Sarbanes-Oxley, and Control Objectives for Information and related Technology (COBIT). In addition, the IT Infrastructure Library (ITIL) provides a framework to allow organizations to meet corporate governance obligations, monitor and reduce IT spending, and manage assets more effectively.

eQCM XD IT Governance Software Solution – Effective Risk and Control (GRC)

The eQCM XD IT Governance module allows organizations to manage IT governance within the organization by governing two critical components; the monitoring and assessment of IT objectives, including the risks and controls established to ensure effective governance; and the capability to manage and monitor IT changes. With eQCM-XD IT Governance, various frameworks such as COBIT can be modeled in the system and assessments run to determine the effectiveness of reaching the control objectives. Issues and corrective actions can be effortlessly initiated and managed. eQCM XD IT Governance also allows IT managers to consistently follow best practices to initiate an IT change request, follow a risk-based approach to assess the change impacts, create action plans, obtain the appropriate approvals and sign-offs, and provide communication and collaboration throughout all stages of the change cycle. With the Processes-In-Control dashboard, the managers can see the status of current processes, identify bottlenecks and review critical indicators in order to optimize process performance.

The Xybion eQCM XD suite delivers a comprehensive platform for GRC and quality management. Our comprehensive solution includes embedded best practices and flexibility for deployment in any system environment. eQCM XD is seamlessly integrated with standard enterprise technologies including Microsoft, Oracle, EMC/Documentum and others to ensure compatibility with most system environments.

Key Features:

  • Enterprise Platform as a Service
  • On-Premise, SaaS Deployment Options
  • Advanced Integrated Technologies
  • Flexible Process Control Engine
  • Compliant with Current Regulatory Guidelines
  • Compatible with OCEG GRC Framework ensures Sustained Compliance and Governance

Other Modules:

CAPA MANAGEMENT

AUDIT MANAGEMENT

QUALITY MANAGEMENT REPORTING

INTERNAL CONTROLS

COMPLAINT MANAGEMENT

NONCONFORMANCES

INCIDENT MANAGEMENT

DOCUMENT MANAGEMENT

LEARNING MANAGEMENT

CHANGE MANAGEMENT

PROGRAMS AND OBJECTIVES