Gartner, the global information technology research and advisory firm, has listed Ideagen in its latest review of the Corporate Compliance and Oversight (CCO) Solutions market report.
The 'Market Guide for Corporate Compliance and Oversight Solutions' report will help security and risk management leaders supporting compliance programs to identify key selection criteria for a CCO solution.
CCO "solutions help standardise and automate compliance activities to increase efficiency and effectiveness of compliance management programs."
The report, which Gartner says will "provide more understanding of the market and its offerings", reads: "One of the biggest challenges for compliance leaders is the speed of change.
"CCO solutions enable a common cross-enterprise approach to compliance activities that most affect the regulatory oversight of corporate governance through support of the five major requirements for managing a compliance program: policy development, regulatory aggregation, normalization and mapping, control monitoring, workflow management, and case management.
"The corporate compliance and oversight solutions market is mature in its primary feature set, but differentiation lies in areas such as user-friendliness, quick and easy implementation, integration with other integrated risk management (IRM) solutions, and good visualization and reporting capability."
Ideagen, which currently helps over 3,000 organisations globally to manage compliance, quality, risk and safety, was named as one of the CCO markets' Representative Vendors.
Colin Smith, Head of Ideagen's Banking, Finance and Audit operations, said: "Gartner is the world's leading IT industry analyst and to be named in its CCO Market Guide we feel is a great achievement for Ideagen. We believe it is very much a testament to both our software and the work we are doing in the CCO space."
Ideagen provides quality, safety, audit, performance and risk management software and expertise and has operations in the UK, the European Union, the United States and the Middle East.
The company has an excellent portfolio of software products and helps the world's leading brands to improve operational efficiency, strengthen compliance and oversight and anticipate and manage every detail of risk to reduce costs and improve efficiency.
Ideagen's customer base includes many blue-chip organisations such as BAE Systems, Commerzbank, BDO, PwC, Shell and the European Central Bank as well as 150 hospitals in the UK and US.
The company counts eight of the top ten UK accounting firms, 80% of the UK NHS, the top seven global aerospace and defence companies and 17 out of the top 25 global pharmaceutical companies as part of its highly regulated client base.