Wolters Kluwer, through its Financial & Compliance Services division, today announced the creation of a new business unit, ARC Logics, to help organizations across multiple industries address increasingly complex audit, risk and compliance challenges.
ARC Logics brings together Wolters Kluwer’s market-leading audit, risk and compliance brands and offers a broad suite of software and services that enable organizations to rapidly address evolving risk issues. These brands include:
CCH TeamMate, which provides an integrated, paperless system for improving every aspect of the audit process, including risk assessment, scheduling, planning, execution, review, report generation, trend analysis, committee reporting and storage;
Sword, which enables organizations to measure, monitor and manage compliance and risk across their business; and
Axentis, which helps organizations in highly regulated industries minimize exposure to compliance and risk, and to optimize business performance.
ARC Logics’ suite-based approach combines the advantages of solution-specific software platforms and enterprise integration. ARC Logics can help specific departments within an organization, including legal, compliance, risk, finance and audit areas, meet their unique needs with a suite offering while concurrently building a holistic, enterprise-wide program. This enables organizations to quickly fulfill their immediate objectives in a targeted and cost-effective manner, while building for the future on a common platform.
As a Wolters Kluwer business, ARC Logics also leverages deep, global domain expertise and proprietary content from the organization to help customers across multiple industries understand, manage and control risk.
ARC Logics has more than 1,800 customers and 350,000 users in over 100 countries. The company’s customers span all industries, including: life sciences, healthcare, financial services, insurance, manufacturing, energy and government.
Ian Rhind, president of ARC Logics, will lead this new unit. Rhind previously served as president and chief executive officer of CCH Canadian, a Wolters Kluwer business.
“More stringent scrutiny and demand for transparency by regulatory agencies, increased globalization and a greater dependence on outsourcing, all underscore the need for organizations to take a more unified, efficient approach to enterprise risk management,” said Brian Longe, CEO of Wolters Kluwer Financial & Compliance Services. “ARC Logics automates and integrates what has traditionally been a siloed, labor-intensive set of manual processes, and that is imperative to managing risk across an organization.”
“Companies are seeking to streamline management processes, reduce technology ownership costs, and engage with a smaller number of vendors—while at the same time sharpening their ability to cope with challenges such as stricter regulatory scrutiny and increasingly volatile market conditions,” said Rhind. “By selecting and integrating the compliance and risk management tools they need from the ARC Logics suite, even the largest, most diverse organizations can synchronize their audit, risk and compliance efforts across all processes, operating units and geographies.”
About ARC Logics
ARC Logics, a Wolters Kluwer business, is a provider of proven audit, risk and compliance software solutions, information and services that enable organizations to rapidly address evolving audit, risk and compliance issues. ARC Logics’ suite-based approach combines both solution-specific and enterprise integration to help legal, compliance, enterprise risk, operational risk, finance and audit departments within an organization meet their unique risk management needs, while building a holistic, enterprise wide program. The organization’s prominent brands include: CCH TeamMate, Sword and Axentis. Please visit our Web site for more information.
About Wolters Kluwer Financial & Compliance Services
Wolters Kluwer Financial & Compliance Services is a division of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2008) €3.4 billion ($4.9 billion) and approximately 20,000 employees worldwide. The Financial & Compliance Services division consists of businesses that help organizations across a broad range of industries manage risk and ensure compliance.