PROCOMP

PROCOMP by MESA is a Governance, Risk Management & Compliance (GRC) technology solution designed to meet the needs of compliance, risk management, audit, legal, and finance professionals. According to the vendor, PROCOMP offers intuitive and user-friendly features to support policy management, third-party due diligence, enterprise and integrated risk management, compliance programs, internal audit, and whistleblowing. This versatile solution caters to businesses of various sizes and is utilized across industries to ensure regulatory compliance and enhance risk mitigation efforts.

Key Features

Ethics, ESG & Compliance APP: PROCOMP offers an application that promotes an ethical culture within companies. According to the vendor, it raises awareness on ethics, compliance, and Environmental, Social, and Governance (ESG) principles, allowing for the dissemination of relevant content. Users can access personalized dashboards to track their progress and view statistics related to corporate policies.

Policy Management: PROCOMP simplifies the process of building and managing an internal compliance program. Users can easily handle company policies, communications, and support requests. The solution provides customizable dashboards and reporting features for monitoring progress and key indicators. Additionally, it enables cross-mapping with risks and controls for a comprehensive compliance framework.

Third Parties Due Diligence: PROCOMP digitizes the third-party due diligence process, streamlining and automating the analysis phase. According to the vendor, it involves interested parties in the evaluation of third parties, ensuring a collaborative approach. The solution offers a configurable workflow and automatic risk assessment, while also utilizing machine learning algorithms to manage adverse media detection effectively.

Enterprise & Integrated Risk Management: PROCOMP supports compliance teams in effectively applying regulations by unifying risk management activities and controls according to international standards. The vendor claims that the solution assists in managing IT and cyber risks, ensuring compliance with ISO/IEC 27001 standards. Real-time risk monitoring is made possible through powerful analytics, reports, and dashboards.

Compliance Program: PROCOMP simplifies and strengthens compliance programs at an organizational level. It manages the regulatory library and catalog of predicate crimes, providing a comprehensive framework for compliance. The solution also offers targeted engagement programs to educate and inform employees and third parties, along with tools for managing conflicts of interest and privileged information.

Internal Audit: PROCOMP facilitates an agile and risk-based internal audit program. It simplifies internal control activities and audit planning, making the process more efficient. The solution allows for tracking remediation and follow-up activities, providing timely risk insights. Collaboration across functions is strengthened, enhancing the effectiveness of internal audit processes.

Whistleblowing: PROCOMP provides a centralized platform for managing reports of violations and unlawful conduct. It offers a protected and anonymous channel for communication with whistleblowers, ensuring their safety. The solution complies with European Directive and General Data Protection Regulation (GDPR) requirements, guaranteeing complete and timely management of reports with real-time visibility.