By now, you likely are aware that policyIQ is a flexible GRC platform that can be easily configured and customized into various GRC and other solutions. One of policyIQ’s strengths is the ability to tailor security at a broad and granular level allowing organizations to implement policyIQ in many areas without stepping on each other’s toes, so to speak. Because of this security capability, with our user-based pricing (rather than the common software model of pushing multiple products or add-on modules), our clients have long been able to leverage policyIQ throughout the organization for multiple initiatives at a reasonable cost.
The latest release of policyIQ includes features that support robust enterprise-wide applications of policyIQ for a range of initiatives. In the past, users in different areas of the organization would create a folder, manual, dropdown or multi-select list to track different critical pieces of information pertinent for their documentation. And while this setup could have been perfect for the audit team’s testing documentation, the same location list, for example, would have to be recreated by the technical accountants performing ASC 606 contract reviews. That was then. Clients leveraging policyIQ’s version 7.8 are able to create and manage Global Lists that can be shared across the organization. If your list of Field Offices is leveraged in various types of content throughout the organization, it can now be centrally maintained and updated rather than having to be updated in several department-specific templates.
Similarly, clients historically had to create independent dropdown fields to track people or responsibilities in their content (i.e. Control Owners, testers, contract reviewers). Now, the lists of users created under Groups and Users and established as a part of user profiles can be leveraged as fields within templates. Once and done.
Here are more examples of where this might be pertinent to you. If you have fields or folders tracking these things and would like to save time and sanity managing them, we recommend looking into the new shared fields (Global Lists, Users Lists):
- Revenue Stream
- Process Area
- Business Unit
- Control Owners
- Significant Accounts
- System Applications
- Relevant Compliance Area
- Prepared By
Of course, reach out to us if you have questions on how to make the adjustments to your policyIQ site.
Go to our website, www.policyIQ.com, to learn more, download datasheets, request a trial, demo, or to buy policyIQ! You may also reach out to us directly at 1.866.753.1231 or info@policyIQ.com.
As the IIA has been known to do, their General Audit Management (GAM) Conference was packed with many high caliber speakers again this year! Presenters provided a wide array of insights falling within five tracks:
- Talent & Resource Strategies
- Regulatory & Compliance Issues
- Risk Management
- Innovation & Technology
- Stakeholder Relationships & Expectations
Click here to check out the 2015 GAM Twitter highlights!
This year’s conference drew a record crowd and it seemed that the number of visitors to the RGP booth reflected that—we kept very busy talking about the things that differentiate us from other firms, such as
- 3,000+ professionals in 70+ wholly owned offices (not affiliates) worldwide
- Consultants have 10-20 years’ experience
- 87 of the Fortune 100 served
- 100% retention of top 50 clients
- Served more than half the Fortune 1000
We had more inquiries about policyIQ this year than at any previous conference. This was in keeping with a theme at the conference regarding leveraging technology to help audit to be more effective and more efficient. Our GAM audience seemed pleasantly surprised and asked the most follow-up questions when they realized that policyIQ can serve several Governance, Risk and Compliance needs within one tool—we do not require, cajole or have to finagle unsuspecting clients into purchasing additional tools or modules to meet their needs. Unlike other audit and GRC tool providers, we are focused on solving their problems and helping them to be more efficient—not on trying to milk them for multiple software applications and upgrades!
Other policyIQ qualities that caught the attention of GAM attendees:
- policyIQ is significantly less expensive than other tools
- Implementation takes 4-6 weeks (not months or years)
- Expert configuration support is included
- Our team is known for “Excellent” service and support
There are some things that you DON’T get with policyIQ that stunned some technology shoppers, too:
- No extra modules to buy
- No up-front license fee
- No upgrade fees
- No hardware to purchase
- No IT resources required
This summed up my experience at GAM this year:
If I didn’t have an opportunity to address your questions at GAM and/or you’d like to talk more about how you can employ policyIQ to make your team more efficient, reach out to us at Support@policyIQ.com or 866-753-1231. We’ll have you up and running within the next quarter!