LexisNexis South Africa and Cura Software Solutions Partner to Offer Powerful GRC Software Solution - CuraComply
Durban - 9 March 2010, LexisNexis South Africa, a leading provider of content-enabled workflow solutions, today announced it has entered into an exclusive alliance partnership with Cura Software Solutions to offer companies a powerful new compliance solution called CuraComply.
This solution will provide easy to understand electronic checklists of all Acts and Regulations, thus enabling compliance officers to manage areas of non-compliance immediately and effectively.
"Navigating South Africa's compliance environment is an increasingly complex task, as companies now need to comply with over one hundred Acts," says Billy Last, CEO of LexisNexis South Africa. "Company CEO's and compliance officers will be able to use this solution to understand quickly where their company is not complying and put corrective actions in place."
Cura Software Solutions is South Africa's largest governance, risk and compliance (GRC) software provider and is regarded as one of the five global leaders in the GRC domain by Forrester Research and Gartner Research. The CuraComply solution combines a world class software platform, developed by Cura, with up-to-the minute legislative content and interpretation of GRC regulations by LexisNexis.
Through LexisNexis access to regularly updated GRC data and documentation, coupled with high quality interpretation of all relevant laws, acts and regulations, the software produces simple to understand checklists, which can be answered by a company's compliance officer. Content checklists include the likes of the new Companies Act, the Occupational Health and Safety Act, the Mine Health and Safety Act, as well as FICA and FAIS requirements.
The software ranks the compliance status based on answers to questions on every individually tailored checklist, and the need for compliance with certain pieces of legislation. After completing the survey, the CuraComply tool aggregates the results and reports on the company's level of compliance. It then provides automated recommendations and corrective actions to address non-compliant areas of the business for each respondent.
"Since the launch of the product at the beginning of February this year, a number of clients are already successfully using CuraComply," says David Smith, CFO of Cura Software Solutions.
Visual A - Regularly updated LexisNexis GRC data and documentation, coupled with high quality interpretation of all relevant laws, acts and regulations in the form of easy to understand checklists, will enable a compliance officer to determine a company's status of compliance versus non-compliance by completing a simple survey.
Visual B - CuraComply software ranks the compliance status based on answers to questions on every individually tailored checklist, and the need for compliance with certain pieces of legislation. After completing the survey, the CuraComply tool aggregates the results and reports on the company's level of compliance.
LexisNexis® (www.lexisnexis.com) is a leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting, and academic markets. LexisNexis originally pioneered online information with its Lexis® and Nexis® services. LexisNexis serves customers in more than 100 countries with 15,000 employees worldwide. LexisNexis is a member of Reed Elsevier [NYSE: ENL; NYSE: RUK] (www.reedelsevier.com). In South Africa, LexisNexis is 50% owned by Reed Elsevier and 50% owned by Kagiso Media, a leading empowerment group.
About Cura Software Solutions
Cura Software Solutions (www.curasoftware.com) provides smarter solutions designed to enable businesses to quickly achieve bottom line benefits of governance, enterprise wide risk management and compliance (GRC), coupled with performance management. Cura does this through faster implementation, easier configurability and true enterprise architecture. Established in 2001, Cura is used by over 200 customers such as BHP Billiton plc, Westfield, Allianz, Vodafone plc, Sanlam, Johnson & Johnson, GlaxoSmithKline plc, Standard Bank, Virgin Blue, Vodacom, as well as governments and consulting firms world-wide. Cura has offices in Boston, London, Sydney, Melbourne, Hyderabad, Singapore, Cape Town and Johannesburg, and has distributors across South America, Middle East and Asia.
On behalf of: LexisNexis & Cura Software Solutions
Contact: Shannon Ambrose
031 268 3111