Morrison & Foerster LLP announced today it has partnered with global business consulting and internal audit firm Protiviti to incorporate the firm's proprietary FrankNDodd database and tracking system in Protiviti's Governance Portal for Regulatory Reform software, making it the most advanced software for companies that need to track the status of proposed and final regulations to make sure they comply with new Dodd-Frank rules and requirements.
Morrison & Foerster's proprietary FrankNDodd database and tracking system will be integrated into Protiviti's Governance Portal for Regulatory Reform software, creating the only system that brings together compliance and governance technology with real-time Dodd-Frank Act-related rulemaking information and guidance. With so many companies finding it difficult to simply track the status of the various regulations, this software allows them to more easily ascertain their business, legal and compliance risks and undertake a simple methodology to identify, document and implement changes to address rule requirements, or implement best practices, and thereafter monitor and evidence compliance. With FrankNDodd's regulatory intelligence and information as part of the solution, customers will have a critical tool to promote risk assessment and compliance with the new regulations.
"We're pleased to partner with Protiviti on this project," said Keith Wetmore, Chair of Morrison & Foerster. "We believe the addition of our FrankNDodd system to their software makes the combined offering highly relevant to the needs of users. We also see this as an innovative combination of legal know-how with a robust compliance system."
"We believe this combination of resources will serve our customers better than any other product on the market," said Carol Beaumier, a Protiviti executive vice president and leader of the firm's Regulatory Reform Task Force. "FrankNDodd has the best information and analysis of the myriad Dodd-Frank rules and proposals we've seen and we believe its addition to our software allows for much more actionable intelligence."