DataGovernanceApp Solves Data Quality & Governance Risks Through Same-Day Deployments and Immediate Compliance

LONDON, Dec. 28, 2020 /PRNewswire/ -- dramds.com ltd., a British technology company now provides a same-day solution to Data Governance risk exposure with its DataGovernanceApp - a new solution of mobile apps that work on all mobile phones, tablets, laptops, and desktops. Deployment across a corporate network can take as little as three (3) hours depending only on whether the customer has a bespoke list of risk and controls. Typical pricing is $200,000 based on 100 users (excluding service taxes).

DataGovernanceApp is a new mobile-based application designed to protect organizations against claims of non-compliance from regulators and customers. DataGovernanceApp is configured to meet key regulatory frameworks such as ISO 27001, Cobit 5, COSO, Generations of Basel and SOX by requiring signatures in-app after testing and certification. dramds offers many suitable risk and controls catalogues based on the details of the Data Quality testing and Data Ownership and can also write the custom controls catalogue for a customer's requirements. Moreover, it generates its own certification packs that role-up the testing, controls, risk and governance for high-level management review, with in-app photos of evidence of system testing.

Compliance with such a broad range of regulation for Data Governance is achieved through the following 5-way modular approach to the in-app user experience:

    1. Controls: libraries have been written around controls but they are rules
       that are signed, dated and sent by DataGovernanceApp via time-stamped
       email to create the audit (aka 3rd-line) trail. This is the evidence the
       Regulators and Auditors require for Data Governance.
    2. Risks: Companies accept certain risks to make money, but the Risk module
       captures the key risks, ranks them, defines them according to framework
       concepts such as Materiality etc.. The risk relationship of the
       DataGovernanceApp can be tailored to an organisation's risk methodology:
       1-control per risk or multiple checks per control and so on.
    3. Testing module: our years of experience in GRC mean we understand the
       need for dashboards that show the testing completeness data and time left
       for testing. This includes speed-dials on the back-end user database for
       users who still want the laptop experience.
    4. Deficiencies Module for good governance; Risk management isn't a perfect
       science; trading conditions change, new risks evolve and with them, like
       DataGovernanceApp, novel ways to mitigate those risks also rise up. This
       module captures the gaps in the Risk management, mitigation and dates to
       resolve them. This is the Board-level component along with the last
       module:
    5. Management Information Reporting: dashboards showing the statuses
       graphically of all modules in DataGovernanceApp are built as standard and
       can be customised to the end-users needs.

"DataGovernanceApp is not just a tool, it can produce a risk or controls certification pack routinely and email out via your own servers," says Dr. McDonagh-Smith.

"Ultimately, assurance comes from the signature handwritten on to the app which signs off the company's risk management solution. DataGovernanceApp can protect the organization from penalty by evidencing the governed data landscape in a pragmatic way: one that requires minimal investment in infrastructure or system transformation and is readily deployable," says Dr. Anthony McDonagh-Smith.

ABOUT dramds.com ltd.

dramds.com ltd. was founded in 2014 and is a British technology company that specializes in innovative GRC and Data Governance mobile applications, as well as complementary consulting services for global companies and organizations.

Media Contact:
Dr. Anthony McDonagh-Smith
dramds.com ltd.
703-879-7080
262021@email4pr.com
For more information, visit https://www.dramds.com

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SOURCE dramds