Corporate Overview
Paisley is an industry leading software vendor that provides solutions for governance, risk and compliance (GRC) including financial controls management, internal audit, operational risk management, compliance, IT governance, and enterprise risk management. For more than a decade, Paisley has delivered superior software and services to both large enterprise and mid-market organizations. Governance, risk and compliance software has always been and continues to be the company's focus. The company’s portfolio of software solutions includes Paisley Enterprise GRC™ and GRC on Demand™.
Paisley was founded in 1995 by Tim & 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.
With the passing of the Sarbanes-Oxley act in 2002, many organizations were faced with new requirements for audit, operational risk and control. With nearly eight years experience in delivering quality solutions to risk and audit professionals, Paisley worked with existing clients to develop and deliver solutions to address the specific needs of Sarbanes-Oxley and the broader requirements of governance, risk and controls management. In 2003, Paisley introduced FOCUS® Control Assurance Software, a purpose-built Sarbanes-Oxley compliance solution for mid-market organizations. That same year, the company introduced Risk Navigator®, an enterprise class solution designed to address the specific requirements of Sarbanes-Oxley and the broader needs of operational risk management.
In 2007 Paisley introduced Paisley Enterprise GRC and GRC on Demand. These comprehensive governance, risk, and compliance solutions have six components built on a single central data repository - financial controls management, operational risk management (ORM), enterprise risk management (ERM), 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 governance, risk, and compliance processes, reduce costs of compliance, manage and mitigate risks, and provide visibility, oversight and assurance.