Service Corporation International (NYSE: SCI) is the leading provider of funeral and cemetery services in the world with over $1.8 billion in revenues and 20,000 employees worldwide. Headquartered in Houston, Texas the company has an extensive network of businesses including nearly 1,200 funeral service locations and 400 cemeteries in North America.
"We selected Risk Navigator because it is a streamlined solution with advanced features that enable us to address all of our internal control requirements. We were particularly interested in the document management and reporting capabilities. We felt the Risk Navigator solution provided us with the most value per dollar that we were investing in this solution," said Tom McConnell, Managing Director, Internal Audit, SCI. "The hosted services delivery model was a natural choice for us, as a cost-effective mechanism to add underlying technology to our compliance process."
Risk Navigator is an automated solution that supports SOX compliance and provides a long-term platform for enterprise risk management. With the comprehensive functionality that Risk Navigator provides, companies gain critical support for sections 404 and 302 compliance. The productâs role-based security functionality safely distributes responsibilities and allows information to be appropriately shared through ad hoc reporting capabilities.
"Companies are continuing to seek long-term compliance solutions that integrate across multiple enterprise environments and provide a platform for risk management," said Tim Welu, CEO of Paisley Consulting. "SCIâs selection of Paisley Consultingâs Risk Navigator and Hosted Services solutions demonstrates both their understanding of the value that our integrated compliance framework provides and their confidence in how our controlled hosted environment assures them of consistent performance and reliability."
Paisley Consultingâs Hosted Services solutions provide customers with a means to minimize the burden on internal resources, eliminate the need for expensive hardware and implementation costs, and deploy their business application in less time with less hassle. Companies that choose to host their application(s) with Paisley Consulting enjoy the unique option of having the application installed in a shared server environment or a custom dedicated environment. Every customized environment is sustained by physical security through the use of dedicated servers that separates each client application. Clients using the shared environment are separated through logical security.