The IT Governance Network has released King Implementation Manager (KIM), the first fully integrated King III implementation management system.
Peter Hill, MD of the IT Governance Network, says the many requirements of King Code of Governance for SA make it difficult for an organisation to keep track of progress towards full adoption of the King III code.
KIM is used to improve performance (through the implementation of structures, processes and mechanisms for better IT governance across multiple business units), risk management, internal control, compliance and audit.
King III requires organisations to be effective and efficient in the way business and corporate objectives are achieved. It requires that the board gives attention to the strategy and processes needed to deliver value, the management of information and the mitigation of risk through the implementation of internal controls.
A single, process-oriented approach is used in the (KIM) to address the implementation of structure, processes and mechanisms, risk management, compliance and audit.
KIM supports performance and conformance improvement through the design, development and implementation of processes and governance mechanisms. Immediate requirements, sufficient to meet the short-term corporate objectives and compliance requirements are determined. Development and implementation is tracked using KIM across the business units of the organisation.
Accountability is established for development and governance of each process. Status and progress reports provide clear insight to successful execution.
Process workflows and implementation road maps within KIM provide a logical view of the direction being followed to achieve the outcomes expected.
Risk managers are able to adopt a framework and its processes to anticipate unpredictable risks, develop a risk management plan and implement an effective system of internal control.
Auditors have a process to regularly evaluate and maintain comprehensive records of the design, operational effectiveness and deficiencies in the internal controls implemented.
Key features:
* Short and long-term management planning for King III
* Process definition and documentation
* Assignment of tasks to implement King III
* Tracking and reporting problems with progress
* Risk identification
* Internal control design and evaluation
* Effectiveness evaluation, scoring and aggregation of results
* Consolidated reporting.
Availability:
* On-site, hosted and standalone options are available.
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