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The digital transformation of risk management process
Addressing risks through a governance, risk and compliance (GRC) system
Due to globalization, digitalization and risks or risk events are more interrelated than ever. The digital transformation of risk management process can help organizations address risks more holistically to boost performance and guide strategy. A GRC system can bridge siloes and provide an enterprise-wide view of risks.
What are the main benefits in using a GRC approach?
- Increases responsiveness in mitigating risks in a volatile, uncertain, and complex world;
- Facilitates the process of understanding of risks across the organization and larger environment;
- Saves valuable resources such as time and money.
Areas in which Deloitte can support your organization?
- Assurance/support services;
- Assistance in defining the GRC strategy and planning;
- System implementation;
- Risk advisory services;
Additionally, Deloitte has built alliances with various GRC solution providers, such as ServiceNow, MetricStream and SAP, which can help manage risks on a single platform.
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