Lotis Solves APRA CPS230 Compliance Sustainability with the Launch of AZON 230 Managed Service, ready for 1 July Transition to BAU

Lotis has introduced a powerful managed service that is a game-changer for simplified operational risk management and APRA CPS 230 compliance programs. Its AZON 230 cloud platform is integrated with a proprietary SPLITer methodology for sustainable CPS 230 compliance. With Line 1 operations set to take over CPS 230 programs on 1 July 2025, AZON 230 grabbed the attention of financial services risk, IT and resilience experts, when presented at the LAST Conference 2025 [https://www.lastconference.com/adelaide].

The Challenge: Sustaining CPS 230 Without Burnout
Chief Risk Officers (CROs) recognise that after months of CPS 230 implementation, stakeholders are disengaged and frustrated by Excel spreadsheets, PowerPoint slides, and clunky GRC software. APRA's prudential reviews will soon test the CPS230 programs. Yet, many organisations have underestimated the workload for Operations, IT, Risk, and Procurement teams, leading to gaps in support and major compliance risks.

The Solution: Lotis CPS 230 Sustainability Boost program offers a 3-step approach for CPS 230 compliance:
1. CPS 230 Health Check - A quick, one-hour assessment to pinpoint gaps. (Free)
2. CPS 230 Assured engagement - A review led by a partner consultancy, and supported by AZON 230 platform, to strengthen quality and sustainability of the CPS 230 program. (Optional)
3. AZON 230 Managed service - A continuous partnership based on the cloud solution with a managed service that outsources key CPS 230 support tasks, including critical operations mapping maintenance, business impact assessments and supplier governance. (Optional)

How It Works: CPS 230 Assured and AZON 230 Managed services clarify and maintain critical operations dependencies across Suppliers, People, Locations, Information, and Technologies as key components for enterprise resilience (SPLITer methodology). The AZON 230 Managed service keeps organisation's and supplier data maintained through bimonthly updates with minimised internal effort. It boosts continuity planning and testing, both internally and across supply chains. AZON 230 automates business information visualisation, reducing manual effort while enhancing stakeholder engagement. Consultancy partner also streamlines onboarding through the Assured stage, helping organisations identify critical supply chain risks, concentration risks, and operational gaps, all delivered in a simple, visual and actionable format.
Australian CRO's can secure success of with CPS 230 program with Lotis AZON230 [https://lotis.com.au/azon-230] and CPS 230 Health Check [https://lotis.com.au/cps-230-healthcheck]
AZON 230 elevates CROs from chasing stakeholders for BIA completion and having embarrassing audit findings, to empowering executive business decisions making with high-impact insights.

Company Name: Lotis
Address: Parcel Locker 10316 55121, Shop 1 216 Gouger St, Adelaide SA 5000, AUSTRALIA
Phone: +61 8 7009 1450
Contact Person: Robert Smart
Email: info@lotis.com.au
Country: Australia
Website: https://lotis.com.au

Lotis is a South Australian technology and operational risk intelligence services provider delivering managed CPS 230 compliance via AZON230 cloud platform and SPLITer methodology. Partnering with resilience consultancies and technology providers, it equips Chief Risk Officers (CRO), other executives and boards with timely tools, data and intelligence to navigate operational risks, CPS230 compliance obligations and crises situations effectively.

This release was published on openPR.