Compliance 360, a provider of Software-as-a-Service solutions for enterprise governance, risk and compliance has released the GRC Performance Center, a new solution within the Compliance 360 suite of applications.

The GRC Performance Center allows data across the enterprise to be queried, analyzed and displayed within a system of highly visual alerts and dashboard monitors. The GRC Performance Center provides real-time notification of risk events throughout a company’s environment to support comprehensive monitoring and control of strategic risk management initiatives. Examples of key risk indicators that may be monitored include third-party compliance risks, the status of new employee education programs, identity theft red flags, and more.

In addition, Steve McGraw, president and CEO of Compliance 360, announced the formation of industry-focused workgroups to define and establish industry-standard key risk indicators. "Initially, Compliance 360 has formed industry workgroups for Healthcare and Insurance, with plans to form a workgroup for Financial Services later in 2009,” he said. The KRIs resulting from the industry workgroups will be available to Compliance 360 customers in pre-packaged, industry-specific frameworks for implementation.