Skelta Compliance Accelerator is a 100% web-based, workflow-enabled, compliance solution that facilitates documentation, management and assessment of internal controls and risks as mandated by regulatory laws such as SEBI and Sarbanes-Oxley. Using the COSO framework, Skelta Compliance Accelerator comes with predefined, customizable workflows, document templates and user-friendly drag and drop features that expedite your organization's compliance initiative. Skelta Compliance Accelerator is built entirely on the Microsoft .NET platform and leverages your existing investments in Microsoft technologies.

Statutory and regulatory legislation such as the Sarbanes-Oxley Act in United States standard listing agreement in India have tightened requirements for corporate governance. CEO/CFO certification of existence, effectiveness and disclosure of deficiencies of internal controls and risks is a key requirement. Skelta Compliance Accelerator will help organizations in their compliance (Sarbanes Oxley (SOX). This Compliance framework facilitates risk management, legal compliance and internal controls.

Skelta Solution Map

Managing a compliance initiative can be a daunting task. Skelta Compliance Accelerator is an integrated, 100% web-based solution that enables end-to-end management of all phases of compliance.

Key Benefits and Features

Skelta Compliance Accelerator is a complete, end-to-end solution that allows enterprises to rapidly roll out compliance initiatives across the organization hierarchy. Skelta Compliance Accelerator enables enterprises to:

• Map the organization hierarchy and structure into the compliance environment
• Document processes, risks, internal controls and test plans
• Create a centralized repository for all documents and evidence of compliance
• Define workflows for reviews and self-assessment of processes, risks and associated controls
• Define workflows for executing test plans and mitigation strategies
• Setup self-assessment schedules based on multiple parameters such as priority, criticality and effectiveness of the control
• Track status of self-assessment, test plans and mitigation plans
• Ensure that processes are approved on creation/modification and approved changes are communicated to all stakeholders
• Maintain audit trails for each compliance activity
• Allows the usage of the compliance framework to implement other compliance related initiatives
• Extends benefits of automated workflows and process management to areas besides compliance such as HR, Sales, Document Management etc.

CEO/CFO Certification Skelta Compliance Accelerator offers powerful monitoring and reporting features that allow CEOs and CFOs to make educated decisions and judgments before certifying the effectiveness of controls. Skelta Compliance Accelerator provides: Unified dashboards to audit and monitor the compliance process Drill-down reports on status of controls Dashboards and reports on status of workflow execution Graphic analysis of controls for effectiveness and assessment completion Tracking and audit trails

Task Management

Skelta Compliance Accelerator provides powerful web-based interfaces and tools for task management. Skelta Compliance Accelerator provides user-specific task lists that allow users to:

• View tasks assigned
• Drill down further into assigned tasks for more information
• View controls that they own
• Mark tasks and complete
• Re-assign tasks to other users

Issues Resolution and Mitigation

Deficiencies found during assessment of processes and controls need to be redressed in a time-bound manner. Mitigation strategies need to be defined for risks. With Skelta Compliance Accelerator, enterprises can:

• Easily implement plans for issue resolution and mitigation
• Setup workflows to handle exceptions, redress issues and mitigation strategies
• Setup escalations and alerts for schedule delays
• Clearly identify process lacunae that need to be included in compliance reports

Risks and Control Assessment Evaluation of risks and controls is a critical prerequisite for CEO/CFO certification as mandated by regulations for corporate governance. Skelta Compliance Accelerator allows enterprises to: Setup workflows for process reviews, walk-through, control self-assessment and legal compliance Trigger self-assessment workflows based on pre-defined schedules Select risks and controls for assessment based on multiple parameters such as objectives, priority and previous rating of effectiveness Document, store and retrieve evidence of evaluation Detailed tracking of the evaluation process

Process Documentation

Processes are the basic building blocks for compliance. Processes need to be documented, reviewed, approved and stored. Skelta Compliance Accelerator provides a powerful platform for process management and documentation across the enterprise. It allows organizations to:

• Define document templates for process, risks, internal controls, test plans, issues and mitigation
• Document processes, risks and controls
• Define checklist documents for legal compliance
• Organize documents into a pre-defined hierarchy
• Define workflows for approvals, assessment, mitigation and issue resolution
• Define workflows and alerts for propagating process changes to stakeholders in the organization

Organization Hierarchy

Skelta provides native support for ADS and LDAP thus eliminating the necessity to recreate users and roles. Access to different branches in the organization tree can be restricted to specific users and user groups. Each user sees a personalized view of the organization hierarchy; only those branches to which the user has at least view
rights are visible.

Highlights

• Expedites implementation and roll out of compliance initiatives
• A 100% web-based solution that allows anytime, anywhere access to CEO/CFO, Managers, Independent Directors
• Sophisticated, customizable workflows for risk assessment, review, testing and mitigation
• Escalation and alert capabilities ensure better control over compliance tasks
• Define organization hierarchy to any level
• Graphical representation of organization hierarchy
• Pre-defined, customizable document templates for faster implementation
• Provides users with a single-window access to compliance tasks, activities and information
• Configurable, web-based reports with multiple views and drill-down capabilities to direct top management to relevant information
• Comprehensive audit trails and version control for tracking changes to processes, controls and other documents
• Centralized repository for document and record management
• Leverages investments in Microsoft technologies for higher ROI
• Role and user-based security
• Easy administration - native support for ADS and LDAP eliminates maintenance of duplicate directories

For more information, please contact sales@skelta.com