Italy’s Law 231/2001 has set new requirements for administrative responsibility. The law encourages companies to adopt corporate governance structures and risk prevention systems that discourage managers, executives, employees and external collaborators from committing crimes. Organizations can then no longer be held liable for certain crimes of fraud committed by adopting a corporate governance structures and risk prevention systems.

Tagetik 4.0 offers a data model to help companies meet these legal requirements through:

• Self assessment: Identifying and inspecting assets that are susceptible to crimes on functional or group levels
• Testing: Conducting tests and documenting evidence to support the findings
• Corrective actions: Taking corrective action upon receiving negative results.

The system then monitors the progress to verify that the measures were implemented in line with the given deadlines.

The system completely documents the history of these actions. Companies can flexibly define and modify controls using multiple-choice questions, tables, charts or other types of forms.

Users can check the progress in real time from an interactive dashboard and collaborate with others who can "certify" these regular tests. In addition, they can generate reports for top management, the supervisory body or external parties.

Companies that use Tagetik 4.0 to fulfill Law 231 requirements or other governance, risk and compliance activities profit from:

• Maximum flexibility to respond to changing national regulations and requirements
• Fewer errors caused by fragmented systems and manual tasks
• Flexibility in customizing the control model and risk management activities for each organization
• Full control of all organizational levels through built-in workflow tools
• Accurate historicizing and documentation of information relevant for control procedures
• Full traceability and transparency for all control processes
• Accurate reporting and full compliance in record speed
• Optional integrated risk management model

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