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Governance Risk and Compliance

Governance, Risk, Compliance and Audit

A simple-to-use and effective solution for implementing the GRC Framework within your organization, allowing for the use of collaborative tools and automation to focus policies and controls on areas which are most significant, and helping to reduce risk and strengthen compliance for your organization.

An ineffective framework leads to failures, with results in reputational damage and / or penalties.

Governance is essential to the management of a corporation, to guide the actions on corporate objectives and requirements.

A 360° View across Risk Impacts is necessary for effective decision making.

Compliance with existing Laws and Regulations is essential for the reputational standing of the organization.

Independent Assurance needs to be simplified for addressing quickly and efficiently the gaps within the GRC Framework of the organization.

Risk Management Solution Overview

Plan & Repository Management:

To set plan for KRI, RCSA and IRAF activities​

To provide centralized repository of content for a holistic view​

Model and align risks to organization structure​

Map policies and regulations with identified risks and controls ​

Risk Management:

Centralized Risk Register and Treatment Plan​

To provide support on common risk management stages​

To systemically manage ORM related processes​

Comply with regulatory requirements and framework​

Ability to create impact objects linked to risks​

Automated workflows of RCSA & KRI​

To perform the gap assessment on each identified risk​

Automated validation process of controls​

IRAF Management:

Systematically manage the IRAF process

To manage and update IRAF question section / department wise

To track and monitor the responses​

Follow-up on actionable items​

Issue / Incident Management:

To manage Issues / Incidents related to risks and policy violations, issue-items and penalties

To track issues / incidents that occur within the organization

To investigate and validate occurred issues / incidents​

Manage and Trace action plan against the identified issue / incident​

Monitor & Report:

Analytics and reports including Heat Maps

Notifications and automated Alerts against each process

Monitoring of response effectiveness​

Assessment of impact on business objectives​

Escalation Matrix for monitoring trends in risk exposure​

Visualization capabilities for easy identification and monitoring of critical risks​

Compliance Risk Management Solution Overview

Repository Management:

Maintain centralized library of all applicable regulations​

To provide centralized repository of content for a holistic view​

Model and align risks to organization structure​

Map control procedures to identified risks​

Regulation Management:

Systemically manage the CRM related processes​

Comply with the regulatory requirements and framework​

Manage the Department wise regulation and ensure compliance​

Map regulations with new and / or identified risks and controls​

Perform gap assessment and manage the Treatment Plan​

Compliance Management:

Manage and ensure timely compliance against each regulation

Track and monitor responses

Follow-up on actionable items​

Annual RCSA​

Risk Aggregation process​

Regulatory Reporting Management:

Manage and track regulatory reporting and their status

Manage the frequency of regulatory reporting

To investigate and validate occurred issues / incidents​

Tag relevant department / individual for submission of the regulatory report​

Ensure timely reporting with concerned Departments​

Systematically manage reminders before the close of each reporting period

Data Visualization & Reporting:

Analytics and reports including heat maps

Notifications and automated alerts

KRI metrics and reporting

Assessment of impact on business objectives​

Escalation Matrix for monitoring trends in risk exposure​

Visualization capabilities for easy identification and monitoring​

Audit Management Solution Overview

Manage Audit Activity:

Establish framework for risk assessment and prioritization​

Communicate plans and resource requirements​

Deploy appropriate resources​

Report planned performance to senior management​

Integrate audit activities with CRM and ORM activities​

Engagement Management:

Establish engagement objectives and scope​

Assess relevant risks​

Plan appropriate and sufficient resources​

Develop and document engagement work program​

Visibility on all audit engagements​

Conduct comprehensive Risk, KRI & Control assessments​

Engagement Execution:

Identify relevant information

Perform analysis and evaluation

Document engagement information​

Supervise & Track audit engagements​

Organize and Manage audit observations and Working Paper​

Generate reports as per desired format, with automated approval​

Manage circulation process through system​

Communicating Results & Monitoring:

Determine communication criteria

Disseminate results

Establish a follow-up process to monitor management actions​

Track and monitor all Audit Observations and their action plans​

Data Visualization & Reporting:

Manage Oversight through dashboards and reports

Notifications and automated alerts

Visualization capabilities on engagement plans and execution activities