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Terrapin Technologies Reduced Time Waste by 75%

Terrapin Technologies cut compliance management time by 75% with StandardFusion, automating policy updates, improving risk visibility, and streamlining SOC 2 and ISO 27001 compliance.

Reduced time waste by 75%

Reduced time waste by 75%

Improved work accuracy

Improved work accuracy

Developed scalable risk program

Developed scalable risk program

Terrapin Technologies

Terrapin Technologies

Terrapin Technologies

Terrapin Technologies Fast Facts

Based out of Minnesota, USA, Terrapin Technologies provides financial data and reporting solutions for broker-dealers and registered investment advisors. The web-based technology helps wealth management firms increase productivity and operational efficiency.

Industry

Financial

Location

Bloomington, Minnesota

Employees

11-50

Founded

1995

Terrapin Technologies Fast Facts

Based out of Minnesota, USA, Terrapin Technologies provides financial data and reporting solutions for broker-dealers and registered investment advisors. The web-based technology helps wealth management firms increase productivity and operational efficiency.

Industry

Financial

Location

Bloomington, Minnesota

Employees

11-50

Founded

1995

Terrapin Technologies Fast Facts

Based out of Minnesota, USA, Terrapin Technologies provides financial data and reporting solutions for broker-dealers and registered investment advisors. The web-based technology helps wealth management firms increase productivity and operational efficiency.

Industry

Financial

Location

Bloomington, Minnesota

Employees

11-50

Founded

1995

The Challenge

Terrapin Technologies previously used KnowBe4 to manage compliance and security training, and Spreadsheets to handle risk management. These solutions were limited and needed to be managed manually, leaving room for connections to become outdated and making it a struggle to manage policies efficiently. The company acknowledged that effective policy management was not only crucial to maintaining SOC2 Type 2 compliance and following ISO 27001 standards but also essential for promoting consistency in decision-making.

“We wanted something that allowed us to link our policies to controls and eliminate a lot of tedious work. Whenever we made updates to a policy, we would also have to make changes to each control the policy was attached to.”

Tom Umphress

Director of Operations

At

Terrapin Technologies

The Solution

Terrapin Technologies was looking for a GRC platform that could meet all the requirements for functionality and performance, particularly in compliance management. The company needed to develop a stable environment for information assurance and implement a more efficient compliance program to maintain SOC 2 type 2 attestations and follow ISO 27001 standards, in addition to automating policy management and distribution.

The Results

With StandardFusion’s platform, policies, controls, and requirements are linked together, and updates are automatically applied. As a result, Terrapin Technologies now spends roughly 75% less time managing policies and controls compared to the previous system. “When a policy is edited, we have set the system to automatically create a task whenever a policy’s status changes, alerting owners and triggering additional processes. We can see the connections between policies, controls, and requirements in the preview pane and how the changes flow through the rest of the system allowing for greater efficiency and ease of use,” revealed Umphress. In the past, Terrapin Technologies struggled with implementing a robust risk and vendor management program, which became more evident when they migrated their data to the new platform. The improved visibility provided by StandardFusion allowed them to identify gaps in their risk management processes, making it easier to manage and monitor risks.

Reduced time waste by 75%

Improved work accuracy

Developed scalable risk program

The Results

With StandardFusion’s platform, policies, controls, and requirements are linked together, and updates are automatically applied. As a result, Terrapin Technologies now spends roughly 75% less time managing policies and controls compared to the previous system. “When a policy is edited, we have set the system to automatically create a task whenever a policy’s status changes, alerting owners and triggering additional processes. We can see the connections between policies, controls, and requirements in the preview pane and how the changes flow through the rest of the system allowing for greater efficiency and ease of use,” revealed Umphress. In the past, Terrapin Technologies struggled with implementing a robust risk and vendor management program, which became more evident when they migrated their data to the new platform. The improved visibility provided by StandardFusion allowed them to identify gaps in their risk management processes, making it easier to manage and monitor risks.

Reduced time waste by 75%

Improved work accuracy

Developed scalable risk program

The Results

With StandardFusion’s platform, policies, controls, and requirements are linked together, and updates are automatically applied. As a result, Terrapin Technologies now spends roughly 75% less time managing policies and controls compared to the previous system. “When a policy is edited, we have set the system to automatically create a task whenever a policy’s status changes, alerting owners and triggering additional processes. We can see the connections between policies, controls, and requirements in the preview pane and how the changes flow through the rest of the system allowing for greater efficiency and ease of use,” revealed Umphress. In the past, Terrapin Technologies struggled with implementing a robust risk and vendor management program, which became more evident when they migrated their data to the new platform. The improved visibility provided by StandardFusion allowed them to identify gaps in their risk management processes, making it easier to manage and monitor risks.

Reduced time waste by 75%

Improved work accuracy

Developed scalable risk program

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Ready to Get Started?

Contact our team today to learn how we can work with your team to build trust.

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Elevate Your Risk Management With StandardFusion

“We can demonstrate how we are enabling clients to meet their compliance objectives.”

Sandy B.

CSO

“We are able to maximize our time spent on audit and compliance allocating time effectively.”

Michael G.

COO

“StandardFusion is really easy to use and provides all the best features under one roof.”

Rajbhushan S.

bd manager

“Its intuitive user interface provides a wealth of valuable, helpful information.”

Prince S.

Risk & Compliance Lead

Elevate Your Risk Management With StandardFusion

“We can demonstrate how we are enabling clients to meet their compliance objectives.”

Sandy B.

CSO

“We are able to maximize our time spent on audit and compliance allocating time effectively.”

Michael G.

COO

“StandardFusion is really easy to use and provides all the best features under one roof.”

Rajbhushan S.

bd manager

“Its intuitive user interface provides a wealth of valuable, helpful information.”

Prince S.

Risk & Compliance Lead

Elevate Your Risk Management With StandardFusion

“We can demonstrate how we are enabling clients to meet their compliance objectives.”

Sandy B.

CSO

“We are able to maximize our time spent on audit and compliance allocating time effectively.”

Michael G.

COO

“StandardFusion is really easy to use and provides all the best features under one roof.”

Rajbhushan S.

bd manager

“Its intuitive user interface provides a wealth of valuable, helpful information.”

Prince S.

Risk & Compliance Lead