Change Management

Changes to systems, procedures, regulations, contracts, and other governing policies, represent risks that need to be effectively managed. The inherently complex nature of the change management process has caused organizations to struggle with implementing enterprise change management systems. As a result, many organizations use a myriad of paper based processes, home grown systems, and other disconnected tools.

An effective governance, risk and compliance (GRC) program requires that organizations implement and follow standardized and structured procedures that ensure controlled changes to their operations.

TrackWise Change Management Solutions

TrackWise software reduces risk and improves operational control by standardizing and automating change management and change control across the enterprise. The system enables companies to consolidate all change management processes on to a single platform, eliminating inefficient systems and offering the ability to link and connect interrelated change processes.

TrackWise enables each organization to improve its ability to assess impact, manage change plans and proposals, automate the approval processes, and track and manage implementation of all necessary tasks. All tracking functions are integrated with other processes critical to your GRC program.

TrackWise is completely configurable, allowing your organization to implement change management processes that reflect your compliance procedures and best practices.

Benefits

• Improve control and reduce redundant efforts by consolidating all changes, including those related to new or changing regulations, IT processes, policies and procedures, and other areas.
• Reduce the risk of compliance violations and system downtimes by implementing a closed-loop and failsafe change management system.
• Create transparency and improve visibility to changes and resulting implementation actions.
• Implement a risk-based approach to impact analysis using flexible decision trees and built-in business rules.
• Improve the impact assessment process by automating notifications based on operational and regulatory impact.
• Streamline the scheduling of reviews and approvals by leveraging on-line review and approval workflow processes.
• Reduce implementation times by monitoring and tracking status of approved change plans and resulting action items.