Risk Management and Audit Customers to Benefit from Integrated Business Process Management
Austin, Texas and Cokato, Minn. – June 7, 2006 – Lombardi®, the leader in Business Process Management (BPM) software for Global 2000 companies, and Paisley Consulting, a leading provider of operational risk management, Sarbanes-Oxley compliance and audit automation software, today announced an OEM agreement for Paisley’s next generation risk management, audit, and compliance solutions. Next generation compliance software demands true business process management capabilities to more actively manage risk. Paisley will embed Lombardi OEM Edition™ within its Risk Navigator®, AutoAudit® and The Paisley Solution applications to deliver integrated and customizable BPM functionality.
“Our selection of Lombardi was the natural choice because they have leading technology and superior functionality to address the BPM requirements of next generation Sarbanes-Oxley, operational risk management, and audit automation solutions,” said Tim Welu, chief executive officer, Paisley Consulting. “Incorporating Lombardi OEM Edition into our software enables us to drive innovation and provide the most powerful solutions to customers that clearly differentiate Paisley from other market offerings.”
As the scope of governance, risk, and compliance extends throughout the enterprise, many organizations are currently struggling to easily and cost effectively execute sustained Sarbanes-Oxley compliance, operational risk management, and audit automation programs. Additionally, with expanding legislation, economic and other regulatory factors, enterprises are required to implement governance, risk and control programs across an expanding set of integrated business processes. As the leaders in their respective industries, the Paisley/Lombardi partnership is designed to deliver innovative, next generation compliance solutions that help companies squarely address this growing problem.
Paisley Consulting provides the industry’s leading solutions for Sarbanes-Oxley compliance, operational risk management and audit automation. By incorporating Lombardi OEM Edition, the Paisley portfolio of products will more easily automate workflow, event monitoring and performance analytics, providing organizations with confidence in the repeatability of the compliance process and greater efficiency and lower cost of compliance.
With Lombardi OEM Edition, Paisley benefits from its configurable deployment packaging, standards-based integration points, integrated application and database servers, and deep support for re-branding and internationalization as it develops and delivers solutions to address the specific needs of Sarbanes-Oxley and the broader requirements of governance, risk and compliance management.
“Paisley is setting the pace for the compliance software market by building their next-generation, process-enabled products with Lombardi,” said Rod Favaron, president and chief executive officer of Lombardi Software. “Vendors work with us because we have industry-leading BPM technology designed to easily be licensed and embedded, and we have a dedicated partner organization to ensure their go-to-market strategy is equally successful.“
Paisley is incorporating Lombardi OEM Edition’s BPM functionality and will be available to customers starting with the Fall 2006 release of the Paisley Consulting portfolio of products.