RuleSphere Releases Regulatory Compliance Software

Achieving regulatory compliance for any one industry regulation is tough. For instance, industry regulations such as Sarbanes-Oxley, HIPAA, DoD 5015.2, Patriot Act, The Basel II Accord, or other similar regulations are both costly and fraught with risk if mismanaged, poorly communicated across the enterprise, or without good internal coordination and collaboration. But, the level of difficulty is markedly increased when a company needs to achieve and sustain compliance over numerous national and international regulations that may exist in perpetuity and affect large numbers of employees around the world. RuleSphere International addresses the complexity of global regulatory requirements through the introduction of the Agile Enterprise Management (AEM) Regulatory Compliance Suite, the first application software component in a series that enable companies to plan and implement effective measures to ensure that regulatory compliance efforts are properly planned, sustained, and enabled through powerful performance management software. RuleSphere assists companies in deploying effective Business Rule / Process Management practices using frameworks such as Six Sigma, COSO, CobiT, ITIL, PB-BOK and others to deliver the first end-to-end performance management solution.

Harvard, MA (PRWEB) January 21, 2004 -- RuleSphere has announced the expansion of its Agile Enterprise Management (AEM) platform to assist organizations in meeting the challenges of new and expanded regulatory requirements. AEM provides solutions to the vast array of performance management problems, and the new Regulatory Compliance Suite targets those companies that must deal aggressively with complex industry regulations and trade laws at both national and international levels.

The suite consists of decision support models and documentation developed to address regulatory strategy creation, risk management, as well as technology and process-oriented controls. Individual models specifically support the COSO risk management and mitigation framework, and best practices relating to CobiT and Business Process Management (BPM). RuleSphere’s design targeted the Sarbanes-Oxley Act of 2002, with concepts and functionality applicable to other industry regulations including The Basel II Accord, HIPAA. FDA 21 CFR Part 11, Patriot Act, DoD 5015.2 and others.

“Companies large and small, not just multi-national or publicly traded firms, are facing huge challenges in addressing domestic and international regulatory requirements. The complexity of these diverse business policies and procedures raise difficulties with their comprehension, management and enforcement. This is no easy task,” said Phil Wilson, RuleSphere Founder and Chairman.

“The management-related issues of carrying out the company’s regulatory strategies in actual Business Rule / Process Management (BR/PM) software is an even tougher challenge. We find that regulatory compliance efforts are disjointed because poor planning makes effective implementation difficult, resulting in remediation activities that fall short of managing the enterprise risk. RuleSphere’s solution addresses collaboration and communication, prerequisites to good planning, while advanced decision support, risk modeling, and resource allocation offers a powerful combination of functions that assist in the effective implementation. These functions deal with risk mitigation, portfolio management, and internal controls that depend on collaboration and analytically-driven decisions.”

Corporations now realize that managing regulatory requirements haphazardly, or in an undisciplined and manual basis, presents huge risk. The AEM Regulatory Compliance Suite moves organizations forward, by integrating internationally dispersed regulatory teams to build a comprehensive strategy. The team can leverage collaborative tools for communicating enterprise requirements as well as decision-making, strategy building, and risk reduction with very little effort and at low cost. The deliverable that most companies are looking for is a least risk / least cost approach to dealing with regulatory compliance. The AEM Regulatory Compliance Suite facilitates this deliverable, while offering the power and flexibility to plan for and manage a wide-range of regulatory challenges.

RuleSphere’s AEM Regulatory Compliance Suite is a package of five decision support models that require Expert Choice, an advanced decision support application software system that enables collaboration across large “virtual” regulatory teams. The suite is priced at $5,000 and can be matched with an appropriate Expert Choice configuration to meet a wide range of needs. The instructional guide walks the user through an eleven-step process developed specifically for moving firms toward the institution of a regulatory-driven performance management initiative.

RuleSphere will release additional AEM components in 2004 addressing other important aspects of regulatory-driven performance management initiatives and Business Rule / Process Management (BR/PM) requirements. As the product advances, clients will be able to incorporate powerful enterprise requirements management functionality, closed-loop employee goal tracking, and variable compensation capabilities… all within a single enterprise solution. More details can be obtained by contacting RuleSphere (www.RuleSphere.com).


About RuleSphere International, Inc.
RuleSphere International, Inc. is a software provider of scalable performance management application software systems and consulting services. The firm specializes in building enterprise agility into mission-critical business operations through Business Rule and Process Management (BR/PM) automation; such as “Straight Through Processing” (STP) applications for the Financial Services, Banking, Healthcare, and Insurance industries.

For more information on RuleSphere, visit www.RuleSphere.com.

For Additional Information Please Contact:
Phil Wilson, Founder and Chairman
RuleSphere International, Inc.
Tel. (978) 456-8253
E-Mail: info@RuleSphere.com

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