BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Announce LexisNexis Compliance Manager Powered by QUMAS


4/27/2010 10:57:13 AM

JERSEY CITY, NJ--(Marketwire - April 27, 2010) -

QUMAS, a leading global provider of compliance solutions to highly regulated companies and LexisNexis, a leading global provider of content-enabled workflow solutions, today announced LexisNexis® Compliance Manager powered by QUMAS -- a new co-branded, web-based application for managing compliance processes and policies.

The new solution delivers access to legal and regulatory content from LexisNexis® directly within the QUMAS compliance management solution -- providing compliance professionals with a single location to easily manage each step in the compliance lifecycle.

"As compliance requirements have become increasingly dynamic and complex, and penalties for non-compliance have mushroomed, organizations can no longer rely on spreadsheets or other home-grown methods to manage their policies and processes," said Kevin O'Leary, CEO for QUMAS. "We have seen that organizations desperately need a solution to help them with change management -- whether from regulatory changes, changing external environments, international expansion, or other impacts -- and to be able to view and manage compliance more holistically across the enterprise."

Using LexisNexis Compliance Manager, compliance professionals can identify new or changed regulations by searching or receiving alerts from the LexisNexis services, quickly and easily analyze them, identify policies and procedures that may be impacted, edit and approve policy or procedure changes, get approvals and then, if needed, initiate a change cycle to communicate and confirm receipt of new policies and procedures to employees who need to comply. Additionally, the comprehensive enterprise view of compliance provided by the solution also allows organizations to report all their compliance policies and procedures in one place, with a full audit trail of the organization's activities.

"Our customers asked us to help them find ways to manage compliance as easily as we help them manage their other information needs," said Renee Citera, vice president and managing director, Research Solutions for LexisNexis. "By working with QUMAS to offer LexisNexis Compliance Manager, we are meeting those customer needs with an innovative new solution that delivers more efficient, timely and ultimately, more comprehensive compliance management."

How it Works
The QUMAS compliance management solution provides Advanced Lifecycle Management for all document types and lifecycle stages, including Create, Edit, Review, Approve, Distribute, and Retire.

Features include:

  • Workflow and configuration management lets the organization map its unique business processes without customization
  • Advanced lifecycle management can address all document lifecycle stages -- creation, editing, reviewing, approving, distributing, and retiring
  • The read & understood function provides traceable accountability throughout the organization
  • Point-in-time reporting allows you to assemble -- on demand -- historic information on the policies, procedures, and standard operating procedures in effect at the time of an adverse event -- without the need to involve the IT department
  • A comprehensive, independent audit trail captures 270 different auditable events and allows distributing and printing for third-party review (e.g. regulators, attorneys, auditors)
  • Hardcopy management provides reports on sensitive documents that need to be returned or destroyed and confirmation by electronic signature
  • Role-based electronic signatures ensure that the meaning of signatures match user intent

LexisNexis content provided through LexisNexis Compliance Manager includes access to: statutes and regulations, bill and regulatory tracking, Matthew Bender® guidelines and overviews authored by leading attorneys in their fields, case law and agency materials, news, federal register, U.S. and municipal codes, multi-state surveys, and more.

The LexisNexis research interface includes a general research page for searching commonly used sources that the user can customize with favorites. The interface also includes tasked-based pages that surface key sources, such as regulations and other materials, and provides pre-configured searches to help those less familiar with legal researching to easily access the information they need to make smart decisions. For the first release, task pages are available for: privacy, government contracting, employment law, Sarbanes-Oxley, environment, and healthcare.

About QUMAS
QUMAS is the leader in Enterprise Compliance Solutions with more than 250 global customer deployments and over 15 years of experience helping companies in highly regulated industries. The QUMAS solution facilitates an informed response to compliance challenges across the organization, and provides better overall governance and predictability of business performance as well as meaningful reporting to stakeholders.

About LexisNexis
LexisNexis® (www.lexisnexis.com) is a leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. LexisNexis originally pioneered online information with its Lexis® and Nexis® services. A member of Reed Elsevier (www.reedelsevier.com), LexisNexis serves customers in more than 100 countries with 15,000 employees worldwide.

All trade names, trademarks, and service marks are the rightful property of their respective owners.


MEDIA CONTACT:
Julie Aherne
Head of Marketing Communications
QUMAS
+353 (21) 491-5100
Email Contact
www.qumas.com



Read at BioSpace.com

LexisNexis
QUMAS
 
 

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES