Skip to main content

IBM Launches New Offerings to Help Customers Manage Compliance Tasks

New Compliance Framework Helps Organizations Increase Efficiencies and Protect IT Investments

Select a topic or year


ARMONK, NY - 20 Oct 2004: IBM today announced a series of new products aimed at making it easier for organizations to manage and comply with today's various international regulations and industry standards. The new offerings address a wide range of compliance needs such as information management, security and industry-specific solutions.

The new offerings are part of IBM's Risk and Compliance Framework, which is designed to help organizations better determine their IT requirements based on the compliance mandates they are faced with in their particular industry. Using this framework, organizations are able to design and deploy an IT architecture that can help them deal more effectively with a wide range of compliance initiatives while increasing business efficiencies. Additionally, in support of IBM's open standards initiatives, the framework allows customers to build on their existing IT infrastructure, regardless of their existing vendor.

According to Gartner Group, public companies that deploy compliance management architectures will typically spend 50 percent less annually to meet federal requirements than those companies that do not. IDC also points out that more than 43 percent of North American companies have recently bought new software and upgraded or changed technologies to meet regulatory compliance regulations.

The ability to analyze, review and determine the appropriate technology infrastructure to address compliance requirements is crucial for companies in financial services, healthcare and manufacturing industries who face new or changing regulations on a constant basis. One such firm is Trustmark -- a financial services company that provides banking and financial solutions to more than 145 offices and 2,450 associates in Mississippi, Florida, Tennessee and Texas.

"We have reviewed IBM's Risk & Compliance framework and believe that it will help us reduce the complexity of managing an IT environment that can support our regulatory compliance efforts," said Jim Bailey, Vice President, Trustmark. "It was an easy choice for us to select IBM's solution for mail and messaging retention."

Today's news builds on the IBM's momentum in the risk and compliance marketplace. Hundreds of customers and Business Partners, across a wide range of industries, have adopted IBM's technology offerings as the foundation for their risk and compliance efforts.

"The new risk and compliance framework from IBM helps us rapidly identify problem areas for our customers," said Pat Geary, CMO of Searchspace. "The graphic nature of the framework rapidly adapts to our customers needs in the financial services industry and different compliance models."

New and Enhanced IT Offerings
As part of today's announcement, IBM is building on its extensive IT offerings for Risk and Compliance with the delivery of new offerings that meet a wide range of customer needs. The new offerings are designed to help companies deal with the IT requirements they need to meet the ever-growing number of U.S. and international regulations and industry standards including the Sarbanes-Oxley Act, USA Patriot Act and the Health Insurance Portability and Accountability Act.

While the industry is full of companies offering piecemeal technologies, IBM is delivering a comprehensive framework that will help support an organization's IT needs in meeting the broadest range of compliance requirements while more easily managing their business assets. With today's news, IBM is delivering six new offerings that include:

For more information on IBM's new Risk & Compliance initiatives please visit: http://www.ibm.com/software/info/openenvironment/rcf/

Related XML feeds
Topics XML feeds
Software
Information Management, Lotus, Tivoli, Rational, WebSphere, Open standards, open source