WEST DES MOINES, Iowa–PolicyWorks, LLC, has a new name: ViClarity.
The 12-year-old, now former PolicyWorks— PolicyWorks is owned by Affiliates Management Company, a holding company of the Iowa CU League, the California and Nevada CU League, and the Ohio CU League—provides audit and review services, compliance consulting, governance/risk/compliance (GRC) management, cybersecurity and more.
PolicyWorks acquired Ireland-based ViClarity, a provider of GRC technology company, in 2020.
In announcing the change, the company said the new brand is better aligned with the firm’s expanded subject matter expertise in governance, risk and compliance (GRC), as well as its focus on technology solutions for GRC professionals.
“Organizations across industries, including the credit union movement, have begun to realize the benefit of bringing the traditionally disparate functions of governance, risk and compliance together,” said CEO Miriam De Dios Woodward. “GRC as a cohesive force has also created a need for cross-functional technology to drive greater transparency, efficiency and access to real-time data. This is precisely what we deliver through the ViClarity GRC platform and our GRC consultation services for credit unions.”
Team Remains in Place
The organization noted the ViClarity team, led by ViClarity Global CIO John Ogie Sheehy, has remained in place since the acquisition and continues to drive iteration of the technology platform, as well as ViClarity’s European business.
“By adopting a shared brand name, PolicyWorks and ViClarity are signaling the full integration of the two entities,” the organizations said.
ViClarity added its GRC platform is configurable to an organization’s process and allows users to identify, monitor, score and report on GRC-related issues. In contrast to similar platforms, ViClarity offers an expedited onboarding process that gets most users up and running within weeks, quickly adding automation and ease to existing processes and procedures.
Smooth Transition
To ensure new credit union partners have a smooth transition onto the platform, ViClarity said it is offering Advanced Onboarding Services, which pairs new users with a team of dedicated compliance and technology experts. The team facilitates strategic conversations and provides tips on regulatory content being uploaded to the software to enhance the quality of a credit union’s overall compliance program within ViClarity, it added.
Credit union partners of the former PolicyWorks will not experience any disruption to their contacts, products or solutions, as service to the credit union industry will remain a core focus of the firm, the company said.
For info: www.viclarity.com.