Business Edge Services & Technologies, Inc. has been selected by Fairway Markets to design and build a customized Governance, Risk and Compliance (GRC) software application to support their growing needs. The new application will enable Fairway to track compliance against industry standard COSO/COBIT Internal Control Frameworks across various business units, and will be able to scale effectively as Fairway continues to expand its operations.
Some of the goals for the new software include the following: 1) the ability to house all Sarbanes-Oxley (SOX) documentation, 2) the mapping of controls to COSO/COBIT objectives and risks, 3) audit projects and testing, 4) easy expansion to business owner internal control execution and tracking, and 5) integration with current network user accounts for single sign-on (SSO) capability.
Since the application will be implemented as a web-based solution, no additional software will be required for Fairway employees on their devices in order to access the application. Additionally, the software application will be built using a responsive design, which means it will be compatible across the current generation of PCs, laptops, tablets, and other mobile devices. Fairway employees will be able to perform and record audit test results while they are away from their desk.
Fairway expects to achieve savings through reduced labor in the Internal Audit/SOX/Business Owner process, as well as reduced external audit fees related to SOX compliance testing.
Business Edge has specific expertise in both custom software development and SOX/GRC auditing software, and is therefore uniquely qualified to build a tool such as this for Fairway. In addition, the software will be built using scalable application design so that as Fairway’s needs change in the future, the software will be able to expand and meet the growing needs of the company.
Business Edge Services & Technologies is based in New Jersey and was founded in 1997. The company provides custom web based software applications to businesses of all sizes and types utilizing its own in-house team of expert developers. More information can be found at the company’s website – http://www.busedge.com.
If you’d like more information about this initiative, or to schedule an interview with Brandon Spilove, Owner of Business Edge, please call Tamara Robb at 908-835-2990 x212 or email her at trobb(at)busedge(dot)com.