Paisley has introduced an updated system for its flagship governance, risk and compliance (GRC) product for enterprise systems users. Version 3.5 of Paisley Enterprise GRC offers enhanced compliance management, risk assessment and compliance reporting, in addition to better graphical workflow modeling capabilities, according to Tim Welu, CEO of the Minneapolis software company.

Paisley says version 3.5 can help streamline compliance functions for both internal and external regulatory requirements. Features include profiles for enterprise risk management (ERM), general compliance, financial controls in internal audit, operational risk management (ORM) and IT governance.

Moreover, the company says, businesses can identify enterprise risks and link them to their operational processes and controls by using key performance indicators, key risk indicators and heat maps.