Ideagen, which makes governance, risk management and compliance software for accountants and auditors, has debuted a suite of new products under its Pentana brand. The Pentana Assurance Suite, a corporate compliance and oversight offering, comprises Pentana Audit, Pentana Performance (previously known as Covalent), and Pentana Disclose.
Also this week, Ideagen announced version 4 of Pentana Disclose, which allows users to set multiple review levels as well as do offline work. The new iteration also features improved search options, the company reports.
The Pentana Assurance Suite is designed to present the audit and risk management capabilities within its Pentana and Covalent software in a more aligned way.
Covalent is a cloud-based performance and risk management software application that provides real-time access to every aspect of strategic and operational performance and risk.
With this new release, Pentana has been rebranded as Pentana Audit, while Covalent has become Pentana Performance. Pentana Disclose functions as a financial disclosure checklist software. All three products will still be available separately but in the future will also offer points of integration and a convergence of look and feel.
“The launch of the Pentana Assurance Suite consolidates our efforts in creating a functionally complete and market leading internal audit, compliance and oversight software suite,” said Ken Ebbage, Ideagen’s product manager for Pentana Assurance Suite, in a statement. “It enables us to align the audit and risk strengths of Pentana with the performance management capabilities of Covalent such as KPI tracking and dashboards, strategic risk, policy management, appraisals, and reporting.
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