Kiwi software sets new standard for audit, risk & compliance

Auckland – 1 June 2011

In the wake of the global financial crisis, an innovative New Zealand software firm has unveiled unique software that will help banks, insurers, telecoms, utilities, government and listed companies to meet their expanding compliance and risk management obligations.

Methodware, Jade Software’s wholly-owned subsidiary, has launched ERA Kairos – the latest version of Methodware’s market leading governance, risk and compliance software. Methodware also develops and distributes Investigator, Jade’s award winning investigations case management software.

With almost 2,000 clients globally including household names such as Lloyds of London, the Royal Bank of Scotland, Adobe and New Zealand’s Inland Revenue Department, Methodware offers organisations a first-class solution for efficiently and effectively managing risk, compliance and audit – whether it be monitoring incidents or streamlining risk assessments.

Paul Stokes, Managing Director of Methodware, says that with ERA Kairos the platform has evolved so that organisations can tailor it to their individual risk management and audit needs. That means staff can spend less time managing risk prevention processes and more time focusing on crucial information and what it means for their business.

“We saw an opportunity to create a solution that would let our clients manage governance, risk and compliance according to their specific requirements and work styles,” says Stokes.

“For example, Boards and executives want the big picture, business units want an unobtrusive process, and governance, risk and compliance professionals want everything. ERA Kairos lets users have their own personal views of the system based on the organisation’s specific needs.”

Jade Software Managing Director Craig Richardson, himself a former Chief Financial Officer with listed companies, said today’s risk management professionals were expected to do more than fill out forms and tick boxes.

“The global financial crisis has refocused boards, chief executives and risk managers on integrated risk management ranging from compliance with standards and regulations to fundamental challenges like IT security and fraud,” he said. “Methodware’s ERA Kairos sets a new benchmark in software to support businesses in this challenging post-GFC era.”

Stokes added that: “Because ERA Kairos is flexible and easy to use, clients can spend less time talking about the process and focus more on why things happen and what’s coming next. This efficiency and improved alignment with the rest of the business gives our clients a competitive advantage and time to pursue opportunities.”

ENDS

© Scoop Media