Lockpath listed as a representative vendor in Gartner’s “Market Guide for Corporate Compliance and Oversight Software”
Published on April 14, 2015
OVERLAND PARK, KANSAS — The role of compliance has become more visible, more challenging and more complex in the last decade. The trend is likely to continue across all industries.
With the increasing number of regulations to follow, frequent regulatory changes, and threat of penalties for non compliance, organizations large and small are turning to automated solutions to manage their compliance programs.
To help organizations determine how to select an automated tool for corporate compliance, Gartner Inc., a leading information technology research and advisory company, has released a “Market Guide for Corporate Compliance and Oversight Software” report published March 30, 2015.
Lockpath, one of the leading providers of compliance and risk management software, is one of 15 vendors included in the report. Its Keylight platform is designed to help organizations centralize their policy management, track regulatory changes and foster policy adoption and awareness.
“Not only do our customers have greater visibility into their overall compliance programs, many are using Keylight’s capabilities to link their compliance with their overall business strategy,” said Lockpath CEO Chris Caldwell.
Gartner’s market guide is designed to help compliance managers assess the market for corporate compliance and oversight (CCO) software. “Compliance managers struggle to fulfill their mandate using manual methods and tools,” wrote Jeffrey Wheatman, the author of the market guide. “CCO tools provide the framework and standardization to increase efficiency and effectiveness of compliance management programs.”
Gartner identified two types of CCO providers: 1.) Vendors of governance, risk management and compliance (GRC) software that provide enhanced abilities or modules that support the mandates of compliance leaders; and 2.) purpose-built, stand-alone compliance software and service providers generally targeted at specific industries.
Gartner’s market guide offers recommendations on how organizations seeking to acquire CCO tools should evaluate providers. It also included an in-depth analysis on the direction the CCO market is taking in response to the changing needs of compliance managers.
Keylight consists of a fully integrated suite of applications that work together to strengthen an organization’s corporate compliance and oversight program. Keylight’s Compliance Manager application offers an integration with the Unified Compliance Framework’s comprehensive set of authoritative documents and IT management controls, ensuring that Lockpath’s customers have the latest versions of laws, regulations, and standards from around the world.
Lockpath’s flexible, scalable and fully integrated suite of applications are designed to manage all facets of compliance and information security programs, including policy and procedure management, regulatory oversight and change management, and incident management. All processes within Keylight’s CCO functionality are integrated so departments work together from one data source.
About Gartner’s Market Guide
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of the fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Lockpath is a market leader in corporate governance, risk management, regulatory compliance (GRC) and information security (InfoSec) software. The company’s flexible, scalable and fully integrated suite of applications is used by organizations to manage risk, demonstrate regulatory compliance, and automate business processes — all in order to achieve audit-ready status. Lockpath serves a client base of global organizations ranging from small and midsize companies to Fortune 10 enterprises in more than 15 industries. The company is headquartered in Overland Park, Kansas. For more information on Lockpath and the Keylight Platform, visit lockpath.com. Follow Lockpath on LinkedIn and on Twitter at @Lockpath and @KeylightGRC for the latest in industry, company and product news.