This allows the compliance department to follow known security issues, and they can then open tickets to the affected operating teams stating on which machines the software needs to be upgraded (or mitigations implemented), and they set deadlines based on vulnerability ratings. If the deadlines aren't meant, there's a hierarchical escalation.
In the case of the Equifax breach, such a mechanism might have helped. If the developers knew they had to update, but didn't, maybe the ticket from compliance would have given them the right nudge to actually do it.