ZL Reduces Risk by Meeting Compliance with FERC Order 717 Standards of Conduct
Aug 25, 2009
Energy Market’s Needs Met by
Archiving, Supervision, and Search Capabilities of ZL Unified Archive®
- Transmission Providers must immediately respond to any intentional or unintentional FERC violations. This requires a solution that monitors communications in real-time to prevent prohibited exchanges and alert compliance officers of any violations. Since the Standards of Conduct distinguish between marketing and transmission employees, administrators must be able to apply policies and email controls at the departmental, user, or even message level. These internal safeguards will enable immediate response to all non-compliant messages.
- Companies must archive all correspondence between marketing and transmission employees for five years. Therefore, companies should set up an archival system that ensures 100% capture of email between applicable employees. The archive of corporate data must also be quickly searchable in the event of audits. This requirement can be cost-effectively met by maintaining a unified, central repository to maximize storage savings and minimize search times.
- A solution should be implemented that can apply policies based on email content. Furthermore, this solution should have strict access controls and a proven audit system. Administrators should be able to create policies based on flexible user groups to monitor inter-departmental communications. These safeguards allow firms to defend and demonstrate their compliance practices to any regulatory agency.
About ZL Technologies, Inc. ZL Technologies makes Unified Archive® software (“ZL UA®”) to enable large enterprises to manage all unstructured content such as e-mail and files, to satisfy corporate archiving needs for Discovery, records management, regulatory compliance, corporate governance, and storage management. It also enables the same unstructured content to become the organization’s Corporate eMemory™ for competitive advantage, such as sharing knowledge, experts, and history across the enterprise. ZL UA’s unique differentiator is its unified architecture, which consolidates all applications and billions of documents under one platform, thus eliminating today’s fractured data silos which significantly raise operating costs and legal risks. Demonstrating a proven track record with Global 500 customers and strategic partnerships with major players such as Oracle, PriceWaterhouseCoopers, and SunGard, ZL has emerged as the technology leader in harnessing unstructured “Big Data” for strategic advantage. For more information, please visit www.zlti.com.