About Sofy Suite
Sofy Suite is a risk and control cloud software from KPMG that helps manage compliance and risk effectively. It combines advanced analytics, reporting tools, and risk management frameworks so organizations can maintain operational integrity. This platform supports a variety of regulatory requirements and provides businesses with the ability to monitor and mitigate risks in real time. With a user-friendly interface, Sofy Suite enables executives and compliance officers to make informed decisions based on comprehensive data insights. Key capabilities: risk assessment compliance tracking data analytics reporting tools user management Best for: organizations that need to ensure compliance while managing risks efficiently.
The KPMG Sofy Suite is a modular, cloud-based GRC and digital transformation platform designed to help organizations automate risk, control, audit, and compliance activities while improving data quality and operational efficiency. As a low-code system, it allows users to configure and deploy solutions quickly, reducing implementation time and making it easier for businesses to adapt the platform to their specific needs. Its central portal, intuitive dashboards, and integrated reporting strengthen ease of use by giving management visibility into control cycles, exceptions, and progress without manual data handling. One of its strongest capabilities is Continuous Control Monitoring, which uses a library of automated controls to reduce repetitive work and highlight the exceptions that truly matter, significantly improving compliance effectiveness. The platform also excels in Access Management and SoD monitoring, helping organizations address security risks by identifying critical access conflicts across ERP environments. Sofy Suite offers fully integrated modules for internal control, risk, audit, and policy management, enabling organizations to manage the entire governance lifecycle in one environment.
Pros & Cons
- +Integrates KPMG's knowledge and best practices into ready-to-use solutions.
- +Solutions can be implemented quickly (e.g., within 5 weeks), accelerating time-to-value.
- +Covers all key GRC areas: ICM, Risk, Audit, CCM, SoD, and Policy.
- −Detailed pricing is not publicly available and requires a custom request.
- −Requires consistent data streams from ERP/Source systems for CCM to function effectively.
Features
Key features
- Access Management & SoD Monitoring
- Controls risks related to Segregation of Duties (SoD) conflicts and critical IT system access.
- Continuous Control Monitoring (CCM)
- Automates control execution using data analytics to focus compliance efforts on real exceptions and reduce manual work.
- Pragmatic Internal Control Management
- A ready-to-use solution that digitizes control activities and embeds the plan-do-check-act cycle as a continuous process.
- Centralized Risk Repository
- Stores identified risks in a centrally managed repository to facilitate risk self-assessments (SIRA).
- Automated Risk Response
- The Risk Management system provides automatic follow-up using findings, action plans, and control execution tasks.
- Streamlined Audit Management
- Offers automated workflows, real-time collaboration, and comprehensive reporting to enhance audit accuracy and reduce errors.
Additional features
- Access Management & SoD monitoring
- Manages and monitors access to critical IT landscape to control risks related to Segregation of Duties conflicts.
- Internal Control Management
- A pragmatic, ready-to-use solution that digitizes control-related activities and supports the internal control system.
- Continuous Control Monitoring
- Automates control execution using data to identify real exceptions and reduce manual compliance efforts.
- Risk Management
- Supports the three key components of risk management: risk identification, risk assessments, and risk response.
- Audit Management
- A powerful tool that streamlines auditing processes, enhances compliance, and drives business performance.
- Policy & Compliance Management
- Helps organizations adhere to regulations, manage risks, and maintain ethical standards.
- Workflow Digitization (ICM)
- Digitize control-related activities quickly via the ready-to-use Internal Control Management solution.
- Built-in Reports (ICM)
- Includes built-in reports and notifications to support control-related workflows.
- Automated Standard Controls (CCM)
- Provides a library of automated standard controls that can be configured for business-specific needs.
- Real-time Compliance and Process Insights (CCM)
- Offers clear data & analytics dashboards to show stakeholders real-time process insights.
- Centrally managed risk repository (RM)
- Stores identified risks in one central location.
- Risk self-assessments (RM)
- Allows users to perform risk self-assessments or SIRA assessments based on identified risks.
- Automated risk response follow-up (RM)
- The system automatically provides follow-up actions like findings, action plans, and control execution tasks.
- Predefined dashboards (RM)
- Allows sharing of real-time insights with stakeholders to indicate control status and regulatory compliance.
- Automated audit workflows (AM)
- Offers automated workflows to streamline auditing processes.
- Real-time audit collaboration (AM)
- Facilitates real-time collaboration among audit teams.
Pricing
Countries & Languages
Interface languages
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About Sofy Suite
Sofy Suite is a risk and control cloud software from KPMG that helps manage compliance and risk effectively. It combines advanced analytics, reporting tools, and risk management frameworks so organizations can maintain operational integrity. This platform supports a variety of regulatory requirements and provides businesses with the ability to monitor and mitigate risks in real time. With a user-friendly interface, Sofy Suite enables executives and compliance officers to make informed decisions based on comprehensive data insights. Key capabilities: risk assessment compliance tracking data analytics reporting tools user management Best for: organizations that need to ensure compliance while managing risks efficiently.
Sofy Suite Details
Sofy Suite's In-App Market Place
Does Sofy Suite have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
No
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), JPY (¥), AUD (A$), CAD (C$), CHF (CHF), CNY (¥), SEK (kr)
Pros & Cons
- Integrates KPMG's knowledge and best practices into ready-to-use solutions.
- Solutions can be implemented quickly (e.g., within 5 weeks), accelerating time-to-value.
- Covers all key GRC areas: ICM, Risk, Audit, CCM, SoD, and Policy.
- Detailed pricing is not publicly available and requires a custom request.
- Requires consistent data streams from ERP/Source systems for CCM to function effectively.
Sofy Suite's Support Options
Email Address
sofysuite@kpmg.comDocumentation
https://www.kpmgsofy.com/whitepapers/Sofy Suite's Alternatives
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