PeopleSoft Inc. recently introduced Governance Jumpstart, a combination of software and services that will enable organizations to more effectively address evolving regulatory and compliance requirements. The new service combines Deloitte's expertise in risk management and internal controls with PeopleSoft's experience in applying best practices to automate financial processes for compliance. Governance Jumpstart addresses IFRS, Sarbanes-Oxley and Basel II regulations for compliance and will initially be offered in the United Kingdom.
Governance Jumpstart provides organizations with a compliance benchmarking analysis from Deloitte and PeopleSoft. The benchmark analysis will assess an organization's compliance systems and processes currently in place, and provide recommendations to improve business processes and the supporting IT infrastructure.
"Over the next two years companies will face a dramatic increase in the volume of regulatory reporting," said Jeffrey Mann, vice president at META Group, a leading provider of IT research, advisory services and strategic consulting. "European organizations should be working now to develop robust, stable, and auditable IT environments to avoid a frantic, wasteful scramble to meet deadlines."
This new service involves no equity or other form of investment by PeopleSoft or Deloitte.
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