Paisley, the leading provider of governance, risk and compliance (GRC) software solutions, today announced that Transocean, Inc. has chosen GRC on Demand(TM) to manage its governance, risk and compliance initiatives.

Paisley GRC on Demand was selected because of its ease-of-use features, flexibility and superior reporting capability. In addition, the hosted solution allows Transocean's internal audit department to quickly get up-and-running on an audit management platform. Paisley GRC on Demand will enable Transocean to attain significant time and cost savings by automating its internal audit processes.

Transocean, the world's largest offshore drilling contractor, provides the most versatile fleet of mobile offshore drilling units to help clients find and develop oil and natural gas reserves. Building on more than 50 years of experience with the highest specification rigs, Transocean's approximately 12,500 employees are focused on safety and premier offshore drilling performance.

"GRC on Demand includes the functionality we were looking for and the capabilities to automate and manage our audit management efforts while allowing us to potentially grow in the future with a single, unified solution for our other compliance areas," said Bryan Donnelly, Manager - Internal Audit, Transocean. "We are confident that GRC on Demand will be instrumental in improving the efficiency of our governance, risk and compliance processes across the organization in the future."

Based on the cost-effective Software as a Service (SaaS) delivery model, GRC on Demand includes purpose-built functionality for financial controls management, audit management, operational risk management (ORM), enterprise risk management (ERM), IT governance and compliance -- all in a single integrated platform. The product's integrated approach enables businesses to easily manage multiple GRC requirements from one solution for greater efficiency and effectiveness.

About Paisley

Paisley is an industry-leading software vendor that provides solutions for governance, risk and compliance including financial controls management, internal audit, operational risk management, compliance, IT governance and enterprise risk management. For more than a decade, Paisley has delivered superior software and services to both large enterprise and mid-market organizations. Governance, risk and compliance software has always been and continues to be the company's focus.

Source