Governance,Risk and compliance

Organizations today are struggling with managing risks across the enterprise. External and internal risk management requirements are becoming increasingly complex and intrusive, while the demand for more comprehensive, consolidated and actionable governance, risk and compliance (GRC) information continues to increase. The historic approach of managing risk in silos across different teams, processes, methods and infrastructure cannot keep up with these requirements. Risk management has become a growing operational and financial burden, limiting its ability to keep pace with business growth and transformational initiatives. It is essential, especially in today’s economy, that companies establish a system for evaluating their operating status at any point in time in relation to performance objectives. Business intelligence can provide this capability, and, embedded in a powerful GRC solution, it enables corporations to easily delve into their consolidated data and monitor key risk indicators through score carding, dash boarding, forecasting, and other reporting vehicles .

Questions for the C-Level Executives
1- Have you considered different approaches for continuously monitoring key aspects of your privacy program?
2- Have you assessed GRC solutions that offer a wide range of monitoring areas, including privacy?
3- Have you asked your current GRC vendor for updated modules to help monitor risk and compliance related to the use of personal information?

GRC Platform empowers business managers with the ability to reduce loss and improve performance through deep insight into enterprise-wide governance, risk, and compliance initiatives.

How we can help :

  • Rapid GRC technology diagnostic
  • GRC technology vendor selection
  • GRC technology implementation and assessments
  • Risk transformation enabled by GRC technology

Our aproach
GRC technology enables four key objectives of the risk agenda:-

I- Enhance risk strategy.

  • Improved alignment to the objectives and strategy of the business 
  • Improved visibility to risks that matter most to the organization 
  • Proactive identification of risks 
  • Enhanced decision-making .

II- Improve controls and processes.

  • Better aligned risk coverage, including the identification of stronger, more pervasive controls 
  • Reduced level of effort associated with performing and testing controls 
  • Increased control and process efficiencies enabled through automation and continuous monitoring 
  • Improved control mix that addresses key business risks while driving process efficiencies.

III-  Embed risk management.

  • Comprehensive and continuous risk management and monitoring 
  • Central management of financial, operational and compliance risks and controls across organization

IV- Optimize risk management functions.

  • Elimination of duplicate and fragmented risk management activities 
  • Increased integration and coordination among business, IT and compliance 
  • Sustainability of risk management process 
  • Effective top-down and bottom-up reporting

Bottom-line benefits:

Value

  • Improved alignment to the objectives and strategy of the business
  • Central management of financial, operational and compliance risks and controls across organization
  • Increased integration and coordination among business, IT and compliance
  • Improved control mix that addresses key business risks while driving process efficiencies
  • Sustainability of risk management process
  • Effective top-down and bottom-up reporting

Cost.

  • Elimination of duplicate and fragmented risk management activities
  • Reduced level of effort associated with performing and testing controls
  • Reduction in compliance and audit costs, including those associated with audit failure
  • Increased control and process efficiencies enabled through automation and continuous monitoring
  • Improved return on investment due to reliance on application controls rather than manual controls

Risk

  • Comprehensive and continuous risk management and monitoring
  • Proactive identification of risks
  • Improved visibility and integration across manual and fragmented risk activities
  • Better aligned risk coverage, including the identification of stronger, more pervasive controls
  • Improved visibility to risks that matter most to the organization, enabling resources to focus proactively on the most significant risks

It’s how SINTRX adds values .
For more information on how we can make a difference in your organization, contact your local SINTRX professional or a member of our team.