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Bobsguide > Companies > Optial Ltd > Products > Optial

Optial Ltd

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Optial Limited Head Office

13 Curtain Road
London
GB

Optial Corporation Office

12600 Deerfield Park Suite 100 Alpharetta
Atlanta
Georgia
US

Optial Asia Pacific Office

Level 67, MLC Centre Martin Place
Sydney
AU

Telephone

+44 20 7247 7673

Contact

Alvin Martin
[email protected]
Back to all Optial Ltd products

Optial

Overview

Optial provides the infrastructure for creating and implementing the broad range of GRC, risk management, audit and compliance processes that are crucial to the success of contemporary organisations.

Optial offers a comprehensive set of tools for automating, completing, reviewing, reporting and acting on any type of business process including self assessments, compliance audits and risk management methodologies.  

The Optial system was developed as a flexible platform to support GRC and operational risk management and compliance methodologies within global corporations. This entails an enterprise level application designed to scale to large user numbers, with an inherent flexibility engineered into the system from inception and a simple user interface enabling unskilled users to become immediately productive.

Simplified Process

The regulatory environment is complex and ever changing. Penalties for failing to comply can run to millions of dollars.
 
Despite the critical role that compliance management plays, many organisations still employ inefficient paper-based audit processes that are ineffective and expensive to operate. Meaningful data analysis and management follow-up is extremely difficult; information is often already out of date by the time it is reported and critical issues are often identified too late.
 
Optial dramatically simplifies the process of managing business assurance activities. It increases security, delivers more accurate data and generates efficiencies that translate into cost savings many times the initial investment in the system.
 
System features
 
Optial’s corporate system provides the following set of features for managing business processes across organisations using a single, integrated system: 

  • Create, complete and manage risk assessements

  • Develop and maintain a Risk Register

  • Track Loss events in the Loss Database

  • Easily import any existing risk and controls content

  • Replicate organisational structures within the application

  • Identify and manage issues

  • Create and track action plans

  • Define roles and responsibilities

  • Implement automated follow-up procedures with forced escalation

  • Rate risks using flexible methodologies, compliant with national standards

  • Report using sophisticated queries

  • Customise terminology and system parameters.

Total Corporate Governance

Optial provides support for a range of  GRC, regulatory compliance and Total Corporate Governance models:

  • Operational Risk

  • Basel II

  • Sarbanes- Oxley

  • Insurance Solvency II

  • MiFID

  • Environmental Health  & Safety

  • Internal Audit.

Implementation Options

The are two implementation option for Optial: SmartStart and Fully configured.




Benefits of Optial

·         Reduce the costs of managing compliance

·         Increase the efficiency of conducting and reporting on audits and reviews

·         Know what’s going on, right now, in any part of the organisation

·         Identify areas requiring attention before disaster strikes

·         Report to the board with complete confidence on global compliance status

·         Protect employees, directors and shareholder value.

 “These facets of Optial, particularly the user friendly, easy to use front end, strong workflow engine and highly configurable architecture, have ensured rapid user acceptance and enabled us to meet the diverse requirements for our operational risk methodology. We have also been very pleased with the risk self assessment facilities, the incident and loss event capture, action reporting and tracking together with the data export capabilities of Optial”

.Machteld Agneesens, Head Audit, ATOS Worldwide

Categories

Trading & brokering > Risk management > Operational risk

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