Corporate Overview
Paisley, a Thomson Reuters company, is the industry leading provider of comprehensive governance, risk and compliance solutions, including software, training, and professional services. The company's software solutions portfolio includes Paisley Enterprise GRC® and GRC on Demand®, which support the business processes of financial controls management, internal audit, operational risk management, compliance, IT governance, and enterprise risk management. To compliment these software solutions, Paisley offers a set of GRC professional services that combine methodology and technology to offer a practical, proven approach for GRC convergence. For more than a decade, Paisley has delivered superior software and services to both large enterprise and mid-market organizations.
Paisley was founded in 1995 by Tim and Stacey (Paisley) Welu with the introduction of the company's first product, AutoAudit®. With the domain expertise of an auditor, Stacey developed AutoAudit to assist organizations with taking a holistic approach to managing audit productivity for greater business accountability. With the early success of AutoAudit, Tim and Stacey continued to work with visionary Fortune 500 companies to develop innovative audit, risk management and compliance solutions to meet world class audit, control and governance needs.
Paisley introduced their first risk management solution, Risk Navigator®, in 2002 to support the business processes of operational risk management and other risk assessment groups. With the passing of the Sarbanes-Oxley act in 2002, many organizations were faced with new requirements for audit, operational risk and control. Paisley's solutions provided the features required by the market, and Risk Navigator quickly became the leading solution used to address the requirements of Sections 404 and 302. In 2005, Paisley released the first generation GRC solution that combined the functionality of audit and risk management on a single platform.
In 2007, Paisley again led the market with the software releases of Paisley Enterprise GRC and GRC on Demand. These comprehensive GRC solutions have six components built on a single central data repository—financial controls management, operational risk management enterprise risk management, internal audit, IT governance, and compliance. The components, designed to meet the unique needs of each GRC user group, share common functionality for risk assessment, reporting, and issue tracking while providing the ability to perform independent assessments.
Today, Paisley is a recognized leader in providing more than 1,400 organizations—including 30 percent of the Fortune® 500—with comprehensive solutions to streamline GRC processes, reduce costs of compliance, manage and mitigate risks, and provide visibility, oversight and assurance.