Keane Business Risk Management Solutions (BRMS) has introduced SCORE 3.3, an upgrade of its Web-based governance, risk and compliance (GRC) application. The upgrade gives managers one-click access to customizable, enterprise-wide automated risk alerts and dashboards. “The goal of v3.3 was to address a significantly increased need for transparency, interface between risk, compliance and internal audit, and integrate processes in GRC,” says Peter Teuten, president of Keane BRMS.

Version 3.3 includes optional controls to ensure that evidentiary documentation and justifications are recorded during internal audits, and a customizable new audit issue history function that can generate both graphical and textual reports that provide historical views of audit issues grading and completion progress over periods of time. Teuten adds that compared with previous versions, SCORE 3.3 allows “broad flexibility in the delivery and execution of management processes so that our customers are empowered rather than constrained by the technology.” As always, though, clients will continue to benefit from the real-life experience of risk managers, including Teuten, who also is inventor and chief architect of the SCORE platform. “Other tools evolved from financial applications or specific regulations,” he notes, “but SCORE was designed with the insight into the needs of enterprise risk management and a principles-based approach that can only be truly captured with the benefit of practical experience.”