Governance, risk and compliance
Centralized and integrated software solution for governance, risk, and compliance (GRC) management. The GRC solution optimizes risks, enhances control effectiveness, manages guidelines and policies, and ensures compliance with legal, regulatory, and security requirements.
MODULES:
- Government: Policy Administration and Internal Audit
- Risk: Risk Management and Business Continuity
- Compliance: Compliance Management
Policy and procedures
It allows for the regulation and incorporation of all internal policies and instructions, as well as the documentation of all organizational processes.
The software ensures that any change to a policy or procedure can be tracked at all times. Documents can be filed and stored either manually or automatically, in compliance with the audit information structure and according to defined strategic criteria.
- Centralized and transparent policy management
- Metadata definition allows classification and search
- Workflow functionality for review, approval and publishing
- Use of templates and integration with Microsoft Office
Internal audit
It enables internal auditors and compliance officers to conduct inspections and data analyses to identify weaknesses, inefficiencies, and non-compliance in business operations and implement corrective actions.
It provides independent and objective information about risks, simplifying internal audit processes that include risk assessments, audit planning, scheduling, workpaper management, audit execution, results analysis, and report generation and follow-ups.
- Risk-based audit approach
- Recording of test results, observations and recommendations in pre-defined or paper work formats
- Combine findings and task actions to produce audit reports
- Define action plans to remedy problems and monitor them until closing is achived
Risk
It centrally records and manages risks, whether they are enterprise risks (ERM), operational risks (ORM), or IT risks (ITRM). It effectively and simply manages all categories of risk.
Mitigation of the impact of actions or omissions that may reduce revenue, cause instability, or damage reputation. Automation of:
- Risk identification and analysis
- Prioritization and treatment
- Mitigation and monitoring
Business continuity
Business Continuity Management (BCM) is a risk management approach designed to address the threat of disruptions to business activities or processes.
BCM enables the development and validation of Business Continuity Plans (BCP) to ensure that the organization can respond to and recover from potential threats in the most effective way possible. This includes:
- Purpose, scope and objectives
- Activation criteria and procedures
- Roles and responsibilities
- Interdependencies, resources, flows and information processes
Compliance
It addresses the corporate need to minimize the potential occurrence of lawsuits, penalties, and damage to reputation arising from fraud, corruption, bribery, and ethical and legal violations.
The solution provides complete visibility into compliance, with an emphasis on collaboration, allowing organizations to proactively prevent compliance incidents and foster trust and transparency.
- Centralized repository of compliance obligations
- Compliance Assessments
- Compliance Survey Management
- Third Party Compliance Management