80-20 vision for Hydro Tasmania compliance
80-20 vision for Hydro Tasmania compliance
Hydro Tasmania has chosen 80-20 software to manage documentation that needs to meet essential compliance requirements and highlight risks before they become destructive.
The 80-20 Leaders Online software makes sure that senior managers have real-time visibility over documents via an easy to use portal. This provides them with the ability to immediately identify weaknesses, which can be remedied early on.
It provides a control framework that supports the documentation of account details, and checks them against industry standards, to ensure they fall within adequate requirements.
John DeGroot, compliance manager at Hydro Tasmania said. "We needed a system that allowed us to codify our existing compliance processes and store evidence in support of compliance activities as business records. 80-20 Leaders Online's powerful governance and compliance tools will greatly accelerate our regulatory compliance efforts."
Mac Lemon, manager of marketing for 80-20 added. "It provides a solution that ensures visibility all the way from the board, right down to every individual departments. So a manager at the top can identify which departments are less aware of compliance than others, so they can be educated on how to ensure they carry out processes in regards to compliance demands too."
It has already been deployed to manage the conduct of internal executive meetings and will be soon extended to the board of directors through deployment of the Director Management module.
Ever assertion and piece of evidence can be easily found on a database allows information to be easily retrieved and monitored. An automated compliance certification management module is used to produce scheduled questionnaires and summarisations to probe compliance queries.
Mark Ross, CEO of 80-20 software added. "We have worked hard with our major partners and customers to ensure that 80-20 Leaders Online is an effective and purpose built tool that delivers real value for corporate governance and compliance efforts. We are very pleased to add Hydro Tasmania to a growing list of Australian and US companies that have chosen to deploy our product for regulatory compliance."
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