Ontario – Toronto GTA – Downtown Toronto
Corporation
www.iswarmsolutions.com
Ontario
Toronto GTA
Downtown Toronto
Corporation
active
Operating name: iSwarmGRC
iSwarmGRCâ„¢ Version 2.0 is an on-line, pay-as-you-go (software as a service) technology, that enables corporate governance, risk and compliance management in one service. It advances business intelligence solutions through the use of swarm intelligence. SwarmGRC supplies collective collaboration, on-line, to everyone
in an organization. iSwarmGRC delivers cost-savings, and supports proof of operating effectiveness of internal controls. iSwarmGRC is risk-agnostic, meaning it works with any regulation or business risks, including merger and acquistions, or product launches. It delivers strong quantifiable calculations to justify managements' position to audit or supervisory bodies. In addition, regulatory overlap management ensures that multiple requirements does not mean redundant efforts. Re-purposing of existing programs is a key specialization.
Country of Ownership: Canada
Year Established: 2008
Exporting: Yes
Primary Industry (NAICS): 541510 - Computer Systems Design and Related Services
Alternate Industries (NAICS): 519130 - Internet Publishing and Broadcasting, and Web Search Portals
Primary Business Activity: Services
Total Sales ($CDN): $1 to $99,999
Export Sales ($CDN): $1 to $99,999
Number of Employees: 2
Services:
Iswarmgrc
Sector:
Unique Applications: "As with many companies, the expectation was that this was to be an unduly onerous, time consuming and costly exercise. However, the methodology and streamlined approachÂ…was clearly different."
€” VP, Finance, International Software Technology Company
In 2006, a leading global provider of enterprise software solutions, listed on the Toronto Stock Exchange, sought assistance to evaluate the Company's internal controls over financial reporting to comply with securities regulations. They partnered with compliance expert, Susan Smith, who introduced them to a beta-version of the core components used in iSwarmGRC.
Including the identification of financial and IT risks and controls, the scope covered offices in Canada, U.K. and the U.S.. Today, the core components manage regulatory compliance for all of the company's businesses. The company achieved a 50% reduction in effort, by eliminating redundancy and overcompensating controls. In addition to achieving compliance to Bill 198, the core components made it easy to prepare for compliance with the upcoming Canadian Securities Administrations' NI 52-109.
For information go to: http://iswarmsolutions.com/info/casestudies-b.asp
Key / Major Clients: Core components of iSwarmGRC, have been used in Teva Novopharm - Canada, Brookfield Asset Management and Enghouse Systems Ltd. Components, previously under the name LITEC, have been further advanced and delivered in new on-line technology.
Success Stories: "...And then we came across this method, which was completely the polar opposite of the other two approaches - for a couple of reasons. One is it's so much more practical. It's a risk-based approach rather than a controlled based approach. And it's a whole different paradigm of how to look at the problem. And much more organized, much more efficient, more prescriptive."
€” CIO, International Asset Management Company
In 2004, a world-wide leader in Asset Management, listed on the New York and Toronto Stock Exchanges, found their efforts to prepare for audit of GCCs (General Computer Controls) for Sarbanes-Oxley compliance had stalled. Seeking a more common-sense approach they partnered with compliance expert, Susan Smith, who introduced them to a beta-version of the core components used in iSwarmGRC to start their projects.
The scope included offices in New York, London, Vancouver, and three sites in Toronto. Today, those key components are now used to provide all of the company's businesses with compliance services. The savings are estimated to be $350 – 500K annually. In addition to Sarbanes-Oxley (SOX), the core components have been easily transferred to manage regulatory compliance required by PCI and Bill 198 compliance. Future plans include the management of HIPAA and PIPEDA requirements. For more go to: http://iswarmsolutions.com/info/casestudies.asp
Testimonial: "As with many companies, the expectation was that this was to be an unduly onerous, time consuming and costly exercise. However, the methodology and streamlined approachÂ…was clearly different."
€” VP, Finance, International Software Technology Company
"...And then we came across this method, which was completely the polar opposite of the other two approaches - for a couple of reasons. One is it's so much more practical. It's a risk-based approach rather than a controlled based approach. And it's a whole different paradigm of how to look at the problem. And much more organized, much more efficient, more prescriptive."
€” CIO, International Asset Management Company
No associations
LandOfFree
iSwarm does not yet have a rating. At this time, there are no reviews or comments for this company.
If you have personal experience with iSwarm, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and iSwarm will most certainly appreciate the feedback.
Profile ID: LFCA-COD-O-51594