Azilon launches Risk Auditor Release 2.0
SANTA CLARA, CALIFORNIA --
Azilon Corporation, provider of Enterprise
Process Governance solution today announced the release
of their Azilon Risk Auditor 2.0. Azilon Risk Auditor
is designed as per RBI's guidelines and is currently
used by leading Indian Banks.
Azilon Risk Auditor enables risk
calibrated planning, execution and management of audit
process. It identifies risk in a systematic manner
thus reducing the likelihood of failure in the auditing
process. The focus is on auditing resources where
the impact of risk may be high. Azilon Risk Auditor
minimizes unwarranted audit intervention resulting
in smoother workflow leading to effective audits.
Azilon Risk Auditor Release 2.0 includes enhanced management
reporting capabilities with a rich set of dashboards and out-of the box reports,
extensive reporting with risk and control analysis, audit carryover feature, remote
audits and extended ORM functionality that further enhances the usability of the
solution. Release 2.0 also includes enhanced collaboration capabilities within
the audit team to improve visibility, quicker response times and improved efficiencies.
Azilon Unveils Knowledge
based Process Automation Software for Shared Services
and BPO industry
Optimization solution for Finance & Accounting
SANTA CLARA, Calif.--(BUSINESS
Santa Clara based Azilon Corporation,
provider of Enterprise Process Governance solutions,
today announced the release of their Process Optimizer
product Version 3.0 designed specifically for the
Shared Services and BPO industry segment.
Azilon Process Optimizer
streamlines the F&A business transactions by automating
manual processes, establishing internal controls,
building knowledge repository and empowering users
to efficiently perform their operational activities.
It helps organizations build a common knowledge based
technology platform and a unified database to facilitate
standardized and automated process around business
Azilon Process Optimizer
Version 3.0 provides industry specific solution for
Shared Services, BPO and KPO segments. It combines
process automation, control automation, SLA management
and advisory dashboard to offer knowledge-based transaction
processing for F&A operations. Benefits include
productivity improvement, control enforcement, reduction
of payment and revenue leakage. Shared Services and
BPO organizations can significant reduce their operational
cost and use their best practice processes without
requiring changes to the underlying ERP system. This
new release supports SAP, Oracle and Infor/Baan ERP
Azilon is working
with several leading Shared Services and BPO organizations
for the implementation of this industry specific solution.
and BPO organizations managing F&A operations
are faced with business and operational challenges
that are not addressed by the ERP financial systems.
Large parts of their business processes are still
manual and labor intensive.” said Pravat Rout,
CTO of Azilon Corp. “Azilon’s Process
Optimizer version 3.0 is designed to transform F&A
operations from the current labor arbitrage dependent
model to a technology enabled platform that provides
strategic, business and cost benefit. Shared Services
and BPO organizations will fully realize the benefits
of enterprise process automation through greater insight,
process efficiency and compliance, while reducing
operational cost up to 40%”.
Azilon is a leading
provider of Enterprise Process Governance solutions.
We help customers achieve operational excellence,
optimize business processes and comply with regulatory
requirements. To address repeatable, sustainable enterprise-wide
governance, Azilon offers a suite of software products
for Business Process Automation and Control Management.
Find this article at:
participates in 2008 Oracle OpenWorld (September 21-25,
Oracle OpenWorld is the world's largest gathering of Oracle customers,
partners, developers, and technology enthusiasts. Visit us in the Moscone West Exhibit hall at booth No. 3232
and learn how Azilonís Process Optimizer solution can help your organization to reduce transaction processing
cost, comply with internal controls, improve business efficiency and automate manual processes.
For more information, click here to
visit Oracle OpenWorld Conference website.
participates in the GRC 2008 Event on March 10-13
in Orlando, Florida
Azilon participated in the GRC 2008
Conference, the premier event of the year for business
and IT professionals who are responsible for compliance,
governance, and risk management on March 10-13th in
more information, click here to visit GRC2008 Conference
in the ANI's Annual Healthcare Finance Conference
in San Diego, June 25-26, 2007
in the ANI's 2007 Healthcare Finance Conference ,
the premier event of the year for healthcare financial
executives held June 25-26 at the San Diego Convention
Center. The 2007 Healthcare Finance Conference covers
the hottest issues facing the healthcare industry
and provides a professional setting to network with
some of the industries most influential leaders.
at Booth # 1723.
For more information,
click here to visit ANI's Annual Healthcare Finance
New GRC Software
D’Risk 3.0 Adds Significant Value with New Analytic
Module and Enhanced Domain Content
Santa Clara based Azilon, provider of D'Risk software
platform for GRC (governance, risk management, and
compliance) today announced D'Risk 3.0. The new platform
automates compliance processes and helps in reducing
cost and time for regulatory requirements.
This new D'Risk
version 3.0 will effectively reduce the compliance
costs for US Sarbanes Oxley Act. It will significantly
improve financial control costs through process improvement
D'Risk is a
full suite of operational risk products allowing a
financial institution to reach AMA compliance. It
is an entirely web-based, integrated solution, which
operates with any client environment and is able to
create a parametric view of risk that is statistically
justified through internal related assumptions.
adds significant value with a new analytic module
and enhanced domain content and continues Azilon's
vision to offer the best end-to-end robust solutions
in the market.
CEO Azilon said, "Azilon is addressing the biggest
concern facing CXOs. Compliance costs are rising for
US companies adding costs and eroding their competitiveness.
Azilon combined world-class technology solutions to
automate the process of compliance with pre-loaded,
best practice regulatory content. Azilon has incorporated
best-practice content for Sarbanes Oxley compliance,
internal audit, risk assurance, and fraud prevention
in version 3.0 by teaming with experienced domain
experts in multiple industries. D'Risk not only detects
violations but actually prevents and controls them
thereby providing customers with the means to enhance
their productivity and efficiency. We provide unique
solutions that are unmatched by other technology companies."
D'Risk is an Enterprise wide Risk Management Solution
that provides a process driven risk identification
and auditing approach by taking a holistic view of
organizational risk profile.
The solution integrates the output of various risk
management solutions. Azilon's D'Risk product suite
and related services help customers efficiently meet
global regulatory compliance, financial control management,
and operational risk management objectives.
Find this article
/index.jsp? ndm ViewId=news_view&newsId= 20070320006043&news
D'Risk 3.0 for the Indian Market
based Azilon Corporation, a GRC (governance, risk
and compliance) software solutions leader has released
D'Risk version 3.0 for the Indian market.
claims to reduce compliance costs for the US Sarbanes
Oxley Act and can be applied to SEBI's Clause-49 compliance
version will significantly improve financial control
costs through process improvement and automation.
D'Risk is a full suite of operational risk products
to allow a financial institution to reach AMA compliance.
D'Risk is an
entirely web-based, integrated solution, to operate
with any client environment and will be able create
a parametric view of risk to be statistically justified.
D'Risk 3.0 claims to add significant value with a
new analytic module and domain content.
Director of Sales, Azilon, adds, "Azilon prides
itself on solving big problems for CXOs. Compliance
costs are rising for Indian companies, especially
those that are listed in multiple markets like India
to solve GRC by combining world-class technology solutions
with best practice content. Azilon has incorporated
content for Sarbanes Oxley compliance, internal audit,
risk assurance, and fraud prevention in version 3.0
by teaming with experienced domain experts in multiple
industries. D'Risk claims to not only detect violations
but prevent and control them to provide customers
with means to enhance productivity and efficiency.
list in India and globally includes PNB and HDFC,
Wells Fargo, Caloptima, Molina Healthcare, Pacificare,
Find this article
Azilon to present
Integrated risk management framework at Internal auditors
Azilon to present
Integrated risk management framework at Internal auditors
forum Martin Davies our Chief Risk Officer will be
chairing the risk Internal Auditors Forum at Mumbai,
India on 27th and 28th of November and will also be
delivering a detailed presentation on how an organization
should design and implement an integrated risk management
risk-management framework you design should balance
the risks from the threats you have identified against
the possible rewards from taking those risks.”
- Designing and implementing an integrated risk
management framework by linking risk management
with strategic planning process.
- Identifying common risks definitions and generating
the corporate risk profile
- Aligning risk to business strategies and adapting
to management challenges
- Building a risk model and risk rating criteria
- Recognizing, assessing and prioritizing risks
- Categorizing key controls and establishing risk
- Establishing a risk reporting, oversight framework
- Setting up an integrated risk management function
- Practicing integrated risk management and sustaining
continuous risk management learning
its compliance solutions to CAHP conference
during the 2 day CAHP Conference on October 19-20,
2006 at the Hyatt Grand Champions Resort, Indian Wells,
CA. CAHP is a statewide trade association representing
the majority of licensed health care service plans
and has been an active voice for the health care industry.
The conference featured industry experts with insight
to many crucial compliance issues including Provider
Payment Dispute Resolution, Electronic Medical Records,
Pay for Performance & Quality Management, Consumer
Directed Health Plans and Managing a Medicare Part
center chaired the Avail Op Risk Congress
chaired the Avail Op Risk Congress which had a large
number of eager bankers, risk practitioners, regulators
and other related bodies attending. The two day conference
covered a diverse set of Op risk agendas from Anti
Money Laundering, to Loss Data Approach for capital
calculation. There was also a strong lean towards
scenario analysis amongst many of the speakers and
interestingly it is becoming apparent that each year
brings new varied responsibilities to every operational
risk manager globally. At Azilon we strive to develop
solutions to minimize the effort required to manage
these requirements and we will be taking many ideas
away with us from this conference to enhance our systems.
risk workshop pilot in Indonesia
Over the last
two months Azilon has also been very successful with
its two day risk workshop pilot in Indonesia. This
is an advanced course that has been designed by bankers
and risk practitioners for you. It clearly defines
what is required by Basel II regulation and shows
some unique methods for achieving both the quantification
of exposure and some of the more nebulous qualification
components regulatory bodies have been demanding of
banks. All course participants receive the "Capital
Compass" documentation, additional reading material
and a statistical calculator which can assist them
curve fit their exposure.
Azilon plans to
release CPM as part of the integrated D'RisK solution
Performance Matrix) allows banks to pool external
loss data and provide various scenario information.
Azilon plans to release this additional module (the
CPM) to holders of a D'RisK system that will allow
banks to share data with a central repository in a
its D'RisK-Finance solution with Continuous Control
enhanced its current D'RisK-Finance solution with
a new D'RisK-CCM engine. This will enable continuous
monitoring of Controls for all major financial business
operations and provides exceptions to business process
and control owner in a real time basis. The solution
provides an integrated platform and built in controls
for major ERP systems.
New offices in
opened a new office in Singapore and Malaysia to meet
the growing demand for its products and services from
customers in the Asia Pacific region. The new office
will focus on establishing new partnerships and customer
relationships as well as increasing the company's
presence and support in the region.
Corporate Filing Version 2.0
of FMS version 2.0 is designed to improve the functionality
of FMS version 1.0. The improvement will provide organizations
with a comprehensive tool to perform multi-state filings.
Other than the existing features of centralized document
repository, alert and email notification, task reminder,
calendar view or correspondence management, FMS version
2.0 have integrated enhanced features such as Usability
Improvements, increase system security, advance user
privilege management and dynamic report builder that
enables instant report generation.
Azilon forms partnership
with FERNBACH, a leading software provider for financial
FERNBACH signed a partnership agreement on the joint
marketing of the FlexFinance® product