HandySoft upgrades BizFlow Compliance

HandySoft Global, a provider of business process management (BPM) solutions, announced the release of BizFlow Compliance Solution 4.0. The upgrade enables compliance with the Committee of Sponsoring Organisations of the Treadway Commission and COBIT (Control Objective for Information and Related Technologies) -based control frameworks.

Harnessing the company`s BPM technology platform, public and private organisations can streamline and automate IT and financial processes, reducing overall risk across the enterprise.

This latest release features expansive internal control assessment capabilities, including easier Web-based administration functions, configurable custom fields, pre-built electronic forms that facilitate documentation, testing and remediation of workflow issues, automatic and electronic task assignment and deadline alerts and email notifications.

The focus on BPM as an organisational discipline has grown rapidly, says IT Observer.

It makes sense that BPM is moving to the forefront of executive agendas because processes are the foundation of any organisation and business processes influence all of an organisation`s key performance objectives - including customer service, financial performance, compliance, productivity, and competitive advantage.

How well these processes are executed ultimately determines the success or failure of an organisation.

The introduction of BPM offers a unified system that promises to end the bouts of tug-of-war that dogged users of previous IT developments within law firms, Doug McLachlan tells Legal IT.

All changes of IT within law firms are ultimately business-led, so why is BPM such a hot topic of conversation in law firms at the moment?

There is a growing realisation that what is required is a single, unified system which can model all business processes, from prospect handling, through client inception, including all money laundering, conflict checking and Law Society regulations right through past billing and credit control to physical file archiving.