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Executive Summary

Problem Statement: Profitability, growth and sustainable market share in global companies is converging with the compliance challenges of Corporate Governance. The current trend of creating single-issue point solutions to address 'structural' compliance issues (i.e.: sec. 404 documentation) without achieving complete alignment to the business goals of a company is counter-productive.

Today's CEOs, CFOs and Corporate Board Members face increasing pressure to achieve compliance and improve board governance. To achieve compliance, organizations have made significant investments both in human capital and hard dollars. To help turn the resources spent on compliance into good solid corporate governance and corporate performance that drives competitive advantage, Risk Analysis Group has developed the Compliance Solution MatrixTM and Integrated Risk ManagementSM solution sets, powered by Hyperion technology and industry data standards (XBRL.) These product and services groups deliver corporate performance through compliance solutions; aligning the two challenges so that performance results continue to be the focus as the bottom line. The deliverables from these solution sets are:

  • (i) Tangible tools to manage the complexities and specialties of today's governance challenges,
  • (ii) Capability to meet and exceed the expectations of the board and institutional investors, and
  • (iii) Creation of cost mitigation solutions in the planning and strategic development process and overall corporate performance challenges.
Example: The Risk Analysis Group's Compliance Solution MatrixTM provides an on-demand audit system that will deliver variance reports on Revenue Recognition Policy, Earnings, Material Events and other high-profile financial statement 'hot spots' before a 10Q (or other critical SEC form) is submitted, providing valuable substantiation and considerable credibility to internal and external stakeholders. This on-demand audit is supported by the Integrated Risk ManagementSM methodologies in a way that interference from any type of human intervention would be as difficult as trying to re-construct a hard-copy document after going through a paper shredder.

The supporting functions that produce the on-demand audit are part of an overall board room suite of dashboards that allow for all appropriate stakeholders' access. Simultaneously, the same functions, buried deep in systems and organizational processes of the organization, provide for integrated budgeting, costing, planning, forecasting and performance-measurement in a low-cost, enterprise-wide delivery capability that is far more powerful because of the integrated nature of the business rules used to produce the audit reports. The result is "Performance through Compliance."

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