Cartesis, a provider of finance and performance management software, announced plans to release Cartesis Governance, a new product that broadens the platform for performance management to include integrated financial governance, risk and compliance (GRC) capabilities as part of its suite. By building on the increasing synergy between the performance management, financial reporting and compliance requirements, Cartesis will provide its global customer base with a single framework for performance management, reporting and sustainable compliance, which will improve financial reporting and close processes and reduce the cost of compliance by integrating these activities more tightly with periodic report preparation and analysis.
Organizations are looking to align financial compliance with reporting processes, rationalize and reduce controls monitoring based upon risk, improve accuracy and simplify compliance processes which should yield a cost advantage as well as increased integrity of financial results. Today, traditional performance management solutions alone do not offer the optimal solution to meet increasingly complex regulatory requirements for financial governance, risk and compliance.
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