Freeborders Expands Independent Controls Ecosystem™ for Financial Services

Offering manages people, processes & tools for Governance Risk & Compliance (GRC).

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“C-Level Executives now have an internal control system at their fingertips that provides transparency into any omissions and exceptions, with best practices that can also quickly detect any potential areas of risk,” said Graham Bolton, EVP at Freeborders

San Francisco, CA (PRWEB) February 12, 2013

Freeborders Inc., a global provider of consulting, technology and outsourcing solutions, today announced the expansion of its Independent Controls Ecosystem (ICE)™ framework. Tailored for the financial services market, this solution allows seamless integration and management of internal controls for financial, operational and regulatory reporting.

“The positive response to our ICE offering has been tremendous,” said Graham Bolton, EVP of Financial Services Consulting at Freeborders. “Our clients in the financial sector are pleased to see that finally their demands for operational efficiency, as well as keeping up with reporting requirements like Dodd-Frank, Sox 404, Basel II and Basel III are finally being met by one technology provider.”

With Freeborders’ Governance Risk & Compliance (GRC) Solution, companies can protect against waste, fraud, and inefficiency while also ensuring accuracy and reliability in accounting and operating data. In addition, organizations can evaluate the level of performance of their operating units.

ICE offers the collection, inventory, analysis and reporting of Independent Controls in an ecosystem that:

  • Captures: Provides ability to identify, capture, and map existing controls.
  • Stores: Uses Freeborders’ Lightweight Enterprise Architecture Framework (LEAF™) database to model and house the meta-data required for the complex controls environment.
  • Analyzes: Identifies exceptions, inefficiencies, risks and gaps in data, and highlights automation opportunities. Enables updates and reporting of ongoing changes.
  • Reports: Provides a built-in reporting capability. Exports data to a number of standard formats. Supports reporting and decisions up through Board level.

“C-Level Executives now have an internal control system at their fingertips that provides transparency into any omissions and exceptions, with best practices that can also quickly detect any potential areas of risk,” said Bolton. “One of our global investment banking customers commented that ICE is the strategic approach their organization should take to collect and to manage all of their data.”

For more information about the ICE™ framework, go to here.

About Freeborders
Founded in 1999, Freeborders provides global IT consulting, technology and outsourcing services. The company pioneered a unique service model that offers the perfect blend of Eastern and Western business practices and access to broad knowledge of the US, European and Chinese markets. Freeborders’ solution accelerators help companies exploit the full potential of their IT investments. Headquartered in San Francisco, the company has offices in Denver, New York, London, Stockholm, Hong Kong, Kuala Lumpur, Guangzhou, Shenzhen, and Wu Xi. To learn more, visit http://www.freeborders.com. You can also follow us on Twitter at @freebordersinc.