Brian Beeghly, former VP of compliance and ethics in a Fortune 75 company, witnessed this challenge first hand. Along with Andrew Neblett, an ethics and compliance data expert with 25 years of experience, Beeghly founded Informed360 to empower ethics and compliance teams by automating processes, aligning programs around recognized standards, and integrating data from multiple systems for enhanced decision making. “We wanted to take a holistic approach to technology for ethics and compliance to manage day to day activities of compliance programs,” he adds. Informed360’s smart solutions, designed by compliance and risk professionals, automate ineffective manual processes. The company focuses on enabling organizations to identify and manage risks related to their ethics and compliance programs such as bribery, corruption, anti-competitive behavior, trade compliance, and more. “We provide customers with a more robust, holistic and comprehensive view of their risks and their ethics compliance programs,” says Neblett, CEO of the company.
Informed360’s risk assessment solution enables clients to conduct assessments across their organizations quickly and easily. The company’s easy to use dashboards and reports allow clients to view, prioritize and act on their ethics and compliance risks. With a configurable risk library with over 300 risks, compliance risk assessments can be customized based on the client’s needs. “Along with our risk library, we enable clients to tap into the wisdom of subject matter and regional industry experts to identify top risks,” mentions Neblett. Informed360’s solution also allows clients to view the quantification and visualization of the risk from a heatmap as well as a risk ranking standpoint.
After conducting risk assessments, clients can address the risks through mitigation efforts and controls using Informed360’ action plan module. Clients can easily build action plans based on more than 1000 factors such as risk, business unit, region and more to operationalize the results of their risk assessment. Based on the risks identified, Informed360’s broader platform enables organizations to streamline and automate processes to address a variety of issues. For example, their disclosure module allows compliance teams to ensure that the right disclosures, such as those for conflicts of interest or gifts and entertainment, get to the right decision-maker at the right time. By simplifying and automating every step of the disclosure process, the module enables employees to comply with company policies and compliance teams to be more productive.
We provide customers with a more robust, holistic and comprehensive view of their ethics compliance programs and associated risks
Importantly, Informed360’s tools are extremely configurable and allow clients to customize any changes they require without spending thousands of dollars in services. The company licenses its products on a modular basis covering everything from implementation, training, support, and any enhancements made to the product rather than charging the client for each service separately. Informed360 works with clients to understand their risk assessment and management processes and workflows and configure the tools accordingly. “Our goal is to enable clients to use the product easily without any support or training,” explains Neblett.
Supporting this goal, Informed360 is continuously adding new features and functionalities to its products that are key to compliance professionals to help clients reduce risk across their business. The company is also consistently incorporating new data sets to keep client’s risk assessments up to date. In addition, the Informed360 team is working to bring meaningful and valuable metrics from their data to make key decisions. “We are diving deeper into data analytics and helping our customers visualize the data in very simple and easy to understand ways,” concludes Neblett.