Governance, Risk, and Compliance
Ready for the ERP of Risk
As ERP once transformed the Finance function, a wave of enabling technologies is driving the transformation in Risk. Now, more so than ever, organisations are seeking to instil a similar type of oversight and control that begins with board governance and drills right down to the operating level.
Leaders should consider embedding a thoughtful awareness of risk and compliance into the very fabric of the organisation. People, processes and technology should all work together to help the enterprise stay in control of the risks it chooses to take. Here, we present our initial findings on this emerging trend and the capabilities necessary to support the management of this essential yet complex topic.
The integrated GRC Proposition assists businesses on their journey to a single global architecture and automated system that may transform and significantly improve the way Financial Services organisations manage Risk across all functionalities and at all levels of its business.
By managing and orchestrating many type of controllable risk through one system, integrated GRC helps to increase effectiveness, reduce costs, improve checks, controls and analysis, and protects and creates value throughout the Financial Service organisation.
The service enables organisations with an ERP of Risk Management solution, bringing an end to silo-based, piecemeal activity and promoting risk management to become an integral part of business growth and success.
Business functions are managed on a singular platform, delivering a unique consistency of policy, checks, and outputs across our 8 key proposition areas:
- Conduct risk
- Cyber risk
- Internal audit
- Operational risk
- Regulatory risk
- Third party risk
- IT risk