Modulo Cited in Gartner 2014 Market Guide for Audit Management Solutions

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Validates Modulo strategy to offer an integrated GRC solution that delivers the best value on the market.

Modulo

Modulo Risk Manager was originally designed by IT risk auditors for IT risk auditors.

Modulo, a leading provider of technology governance, risk and compliance (GRC) solutions, today announced it has been cited by Gartner, Inc. in the 2014 Market Guide for Audit Management Solutions .

"We feel that our mention in this report validates our strategy to offer an integrated GRC solution that delivers the best value on the market. Many Modulo Risk Manager customers leverage our audit capabilities to support their IT, operational and vendor risk and compliance programs with an internal audit trail and KPIs,” said Stephen Gant, managing director, international, for Modulo.

Gartner Senior Research Analyst Khushbu Pratap writes, “When more than one department in the organization is considering investment in GRC applications, it makes economic sense for internal auditors to prioritize evaluation of audit management solutions integrated in GRC applications.”

Gartner defines, “Internal auditors play the critical role of being the third line of defense. When risk owners and management do not identify risk or adequately mitigate the risk, it is imperative for the internal auditors to provide independent and objective insight on risk. The audit management solution market caters to this need by automating internal audit operations through its core and value-added offerings.”

Modulo Risk Manager was originally designed by IT risk auditors for IT risk auditors. Today Modulo offers an audit solution as part of the powerful Modulo Risk Manager GRC software platform. Organizations must comply with industry standards and regulations to operate responsibly and legally. When new and changing regulations burden already resource-constrained teams, audit preparedness can be a challenge. Modulo provides compliance and risk officers with a central platform for streamlining, monitoring, and reporting compliance activities.

  •     Visibility: Reports and dashboards for executives and key stake-holders
  •     Preparedness: Out-of-the-box standards and laws for audit readiness
  •     Accountability: Project management and automation with audit trails

All the features available in the Modulo Risk Manager platform, including out-of-the-box reports and dashboards, automation rules, surveys, and mobile apps, support the audit capabilities.

Modulo was recently recognized in three other Gartner Magic Quadrant reports: Gartner’s Inaugural 2014 Magic Quadrant for Operational Risk Management (ORM) report published December 15, 2014 , Gartner’s inaugural Magic Quadrant for IT Vendor Risk Management (VRM) report published October 29, 2014 and Gartner's Magic Quadrant for Business Continuity Management Planning (BCMP) Software report published August 27, 2014 .

About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Modulo
Modulo is a leading global enterprise provider of technology governance, risk and compliance (GRC) management solutions. Hundreds of organizations around the world leverage the award-winning Modulo Risk Manager™ as a flexible and affordable approach to manage risk, compliance, and business continuity across the enterprise and extended enterprise of third-party relationships. Customers span the financial, healthcare, retail, manufacturing, higher-education, telecom, energy and government sectors and include BASF, BC Hydro, Commercial Bank of Dubai, Microsoft, New York University Medical Center, Synovus Financial, and Schlumberger. Modulo has earned industry recognition as both a 2012 and 2013 Innovator of the Year from SC Magazine, which also gave the company's products “5-Star” review ratings for three consecutive years.

Visit http://www.modulo.com and follow Modulo on Twitter @Modulo_Intl.

Gartner “Market Guide for Audit Management Solutions” by Khushbu Pratap, December 24, 2014.
Gartner “Magic Quadrant for Operational Risk Management” by John A. Wheeler, Paul E. Proctor. December 15, 2014.
Gartner "Magic Quadrant for IT Vendor Risk Management" by Christopher Ambrose, Gayla Sullivan, Kris Doering. October 29, 2014.
Gartner "Magic Quadrant for Business Continuity Management Planning" by Roberta Witty, John P Morency. August 27, 2014.

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Leslie Kesselring
Modulo
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