The Network Press Releases
The Network Launches CAPA Management Solution to Manage Root Cause Analysis of Compliance Issues
February 19 2013
Integrated solution manages remediation and preventative activities, delivers actionable insight into compliance initiatives
ATLANTA — February 19, 2013 — The Network, Inc., a leading provider of governance, risk and compliance (GRC) solutions, announced today the release of the Corrective/Preventative Action (CAPA)/Remediation module of its enterprise SaaS-based Integrated GRC Suite, the first natively integrated GRC software platform in the compliance industry. The CAPA/Remediation module allows companies to identify and correct the root causes of workplace risks in order to help companies prevent future occurrences.
“Remediation is a vital component of an effective compliance program. With our new CAPA/Remediation module, companies can ensure that they correct the underlying causes of compliance failures so they can protect themselves against future violations,” said Luis Ramos, chief executive officer of The Network.
“Today’s compliance leaders require actionable information and better insight into the effectiveness of their organization’s compliance initiatives,” said Jimmy Lin, vice president of Product Management and Corporate Development at The Network. “As an integrated component of our GRC Suite, CAPA/Remediation gives organizations an effective way to identify, analyze and evaluate risk, so that risk treatments can be created, prioritized and deployed.”
Lin continued: “This CAPA management solution links policies, training, incidents and cases with applicable corrective and preventative action activities. By doing so, it allows compliance teams to see the relationships between the disparate components of their program, thereby giving them insight into issues and trends that might otherwise go unnoticed.”
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