Connect. Modernize. Digitize. Take command of risk

What is CMD?

CMD is a strategic and adaptive way of building resilient organizations by connecting, modernizing, and digitizing assurance, compliance, and risk management activities across an organization. CMD has been specifically designed to help assurance, compliance, and risk functions in their effort to address the challenges they face in adopting technology, by focusing on goals, risks, processes, roles, and responsibilities rather than taking a siloed, tools-focused approach that compounds the challenges.

Back to top

Why CMD?

There are many reasons to connect, modernize, and digitize assurance, compliance, and risk management, including:

• CMD builds assurance mechanisms into the design of business processes to achieve both conformance and desired performance outcomes
• CMD helps create capacity for second-line functions to spend more time helping management navigate the truly greatest risks
• CMD can help internal audit functions meet expectations from stakeholders, such as demanding more assurance on an expanding range of risks, more forward-looking advisory services, and more penetrating insight, as well as foresight

Back to top

Benefits of CMD

Traditional controls are expensive and time-intensive. They are providing organizations with a false sense of security and are not keeping pace with digitization and regulatory change. CMD, on the other hand, enables organizations to:

• Align key activities across the lines of defense to reduce overlap, close gaps, and enhance control
• Provide transparency into process and control performance to help mitigate risk events earlier and more effectively
• Automate activities to provide assurance in real time
• Initiate a time and value shift to move talent to advise stakeholders and address threats and opportunities
• Provide people with risk-related responsibilities, data-driven insights, and a digital workspace

Back to top