Tagetik 4.0 for Enterprise Governance, Risk and Compliance (EGRC) provides a collaborative and controlled environment for gathering, organizing, documenting and automating control processes and risk management. Since this functionality is unified in a single software solution, organizations can make these processes much more efficient while drastically reducing their total cost of ownership (TCO).

Tagetik 4.0 helps companies manage all activities related to governance, risk and compliance so that they can:

• Monitor and control  internal auditing and risk management processes more effectively
• Ensure full traceability of both data and transactions to recreate who did what, when, where and why
• Comply with regulations and produce reports
• Manage operational risks
• Run simulations and calculate the impact of possible actions on forecasts

Organizations profit from a tool that combines built-in functionality with configurations which they can flexibly customize to fit their methodology or organizational model without affecting the underlying code. As a result, they can also quickly adapt the application to account for changing requirements for EGRC processes.

In order to fulfill a wide range of regulatory requirements and improve the credibility of information flows, Tagetik 4.0 has structured the EGRC process into three parts:

Tagetik 4.0 for EGRC covers all requirements for:

• SOX
• Internal Audits
• Enterprise Risk Management (ERM)
• Law 262/2005 (Italy only)
• Law 231/2001 (Italy only)

Companies can use these different parts as a stand-alone or a unified solution for various control processes.