Platform

COMPASS, which stands for Compliance and Assessments, revolutionizes how organizations handle governance, risk management, and compliance. It is a comprehensive SaaS (Software as a Service) product designed to help organizations navigate their compliance and risk management needs. The platform offers complete visibility into your security controls and a clear understanding of your compliance posture.

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Unified and Continuous Compliance

Unified Compliance integrates various compliance efforts with multiple regulations, standards, and best practices into a single framework. Currently, COMPASS supports global information security standards such as ISO 27001:2022 and NIST 800-53. Additionally, libraries for regulations like GDPR, RBI, IRDAI, SEBI, UIDAI, NESA, SAMA, and PDPL, as well as other global standards like SOC 2 and CSA STAR, are also available.

Continuous Compliance allows organizations to designate specific owners for various controls, facilitating effective management of compliance efforts. The Chief Information Security Officer and other stakeholders can gain real-time insights into compliance status and any identified issues. This approach ensures that organizations maintain records for all controls, making them audit-ready at all times.

Risk Management

The Integrated Risk Module in COMPASS enhances compliance by supporting regulatory adherence through integrated checks and allows for real-time monitoring of risks and controls. Additionally, it helps prioritize resource allocation based on impact and delivers actionable insights for informed decision-making. With a consistent risk framework, it standardizes assessments across the organization, improves audit readiness by facilitating access to documentation, and enhances the organization’s reputation by boosting stakeholder confidence in its risk management practices. Overall, this integrated approach strengthens risk management capabilities and promotes a proactive stance in handling risks

Third Party Risk Management

Third Party Risk Management (TPRM) module in COMPASS enhances an organization’s risk management capabilities by providing a comprehensive platform for assessing third-party vulnerabilities. It streamlines due diligence through efficient background checks and enables real-time monitoring to quickly identify emerging risks. The module supports compliance with regulatory requirements, automates reporting for stakeholder communication, and fosters collaboration across departments. By prioritizing third-party engagements based on risk levels, it aids informed decision-making and optimizes resource allocation. With organized records for audit readiness and a focus on transparency, the TPRM module strengthens risk management and builds trust with vendors, promoting stronger relationships.

Frequenty Asked Questions

With COMPASS, conducting assessments is simple. Add the relevant Standards, Regulations, or Frameworks to your Assessments, assign Owners, and you’re ready to go. Our user-friendly platform ensures a seamless process to assess your compliance effortlessly.

COMPASS offers automated and customizable workflows that streamline assessments, providing real-time monitoring and tracking of your compliance status and identifying any gaps. This proactive approach ensures you stay on top of your compliance requirements with efficiency and precision.

COMPASS offers customizable risk scoring and prioritization features, allowing you to focus your efforts on critical risks. This data-driven approach ensures that resources are allocated efficiently, addressing the most significant risks first and enhancing overall risk management effectiveness.

COMPASS is designed to simplify communication and collaboration across teams. The platform includes built-in notifications and task tracking, keeping everyone involved accountable. This not only fosters a more collaborative compliance environment but also ensures that compliance progress is transparent and easily traceable.

Yes, COMPASS promotes proactive risk management with continuous monitoring of both risks and control effectiveness. This ensures that your organization stays ahead by identifying and addressing potential issues promptly. The integrated reporting and issue tracking features keep stakeholders informed and engaged throughout the risk management process.

COMPASS offers flexible reporting, allowing you to design custom templates tailored to your organization’s specific needs. This ensures that your compliance reports align perfectly with your unique requirements.

Absolutely! COMPASS simplifies the reporting process by automatically generating reports from assessments in just a few clicks. This feature saves time and ensures the accuracy and timeliness of your compliance reports.

Yes, you can! COMPASS provides version control features, allowing your team to edit and customize reports directly within the platform. Say goodbye to the hassle of using external tools – with COMPASS, everyone stays on the same page, ensuring efficient collaboration and accurate reporting.

COMPASS is a comprehensive SaaS (Software as a Service) product designed to help organizations navigate their compliance and risk management needs. We operate on an annual and multi-year subscription model, allowing clients to choose from various modules and compliance frameworks that best suit their specific requirements.

We provide 1 -2 weeks of free trail to the client to get their hands on the COMPASS