MEGA Adds Compliance Solution Capabilities

Software helps compliance officers improve, streamline compliance activities
RAYNHAM, Mass.--(Business Wire)--
MEGA, a noted provider in the governance, risk, and compliance (GRC) market, is
adding new capabilities to its compliance solution to help companies adopt a
complete approach to compliance management. Designed to help compliance
officers, internal auditors, and risk managers, the MEGA Solution for Compliance
is ideal for leveraging regulatory issues to improve business performance.

The solution includes all of the tools necessary to define a company`s risk
universe, streamline control documentation, assessment and testing processes,
and establish appropriate control systems and remediation plans.

The new features - control testing, multi-compliance support, and
acknowledgement of policies - and extended campaign management capabilities
address evolving requirements in compliance management:

* Control testing allows continuous and periodic control assessment against all
components of regulations. Compliance managers can manage tests, plus establish
questionnaires, testing responsibilities, and schedules, enabling them to
consolidate all results in time to meet regulatory deadlines.
* Campaign management features and customized workflows ease the deployment of
questionnaires and improve verification of results.
* Multi-compliance support centralizes all information about the company`s
compliance environment including processes, internal policies, and procedures,
making it easier to determine the appropriate level of compliance. Extended
automatic analysis and reporting enable gap analysis between existing and
required levels of compliance.
* Acknowledgement of policies is managed through workflow, insuring that users
acknowledge document receipt, thus verifying compliance throughout the
enterprise.

Regulations addressed by the solution include Sarbanes-Oxley, the UK`s Financial
Services Authority requirements, such as treating customers fairly (TCF), French
financial security law LSF, Germany`s company control and transparency law,
KonTraG, and Italy`s Law 262.

"Because the softwareis based on a risk approach and is integrated with business
process analysis, it provides a comprehensive means to manage and control
compliance programs," explained Lucio de Risi, MEGA CEO.

The solution is available immediately.

About MEGA

MEGA International provides software solutions for business process analysis,
enterprise architecture, IT planning, IT systems analysis and design, enterprise
GRC, enterprise risk management, operational risk management, internal audit and
compliance, and specialized consulting services. Based on the powerful MEGA
Suite technology, MEGA Solutions are used by more than 70,000 people worldwide.
Clients include AT&T, DirecTV, Morgan Stanley, NASA, Nissan, and Wyeth, and the
US Departments of Agriculture, Homeland Security, and Transportation.
www.mega.com.

MEGA International
Sue Myers, 781-784-7684
smyers @ meganorthamerica.com

Copyright Business Wire 2009