BPS Resolver’s solution provides a platform to manage all the key elements of NERC reliability compliance from understanding the applicable detailed requirements to assigning accountability to specific compliance activities, to performing the self-certification, to preparing for an audit or spot check. Ensure your evidence is quickly and easily accessible and your violations and mitigation plans stay on track.
From small Co-operative utilities to some of the largest Utilities, Pipeline and Energy companies in North America, GRC Cloud provides an intuitive and scalable solution to manage NERC reliability compliance.
Here are some of the common challenges you may face if you are managing NERC reliability compliance as well as how our GRC Cloud solution can help:
- Your company has been managing NERC reliability compliance for some time but you are now charged with making this process more efficient and more reliable
- You have a large and or diverse mix of assets that meet the ‘Critical Asset’ or ‘Critical Cyber Asset’ designation
- You have been tasked with integrating NERC compliance with other Risk Management or Regulatory requirements
- You have a budget ‘cap’ that is impacting your ability to procure a solution
- You are under the gun to get something implemented in a fairly tight timeframe
- The NERC regulations are constantly changing and you want an easier and more dependable way to track and react to these changes
- You are looking to reduce the vast amount of time and effort it takes your team to prepare for an Audit
- Your company does not have a centralized management system that addresses personnel information, physical and logical security, as well as business continuity planning – data exists in Silos
GRC Cloud has been developed to meet these and other challenges by offering the following key Features and Benefits:
| Feature | Benefit |
|
Frameworks |
|
| Pre-built, editable NERC Reliability Compliance frameworks are updated and managed through a simple drag-and-drop interface. | Pre-built NERC Reliability Compliance frameworks allow you to get up and running quickly and easily. |
|
Updates and Alerts |
|
| For NERC Reliability standards, we provide continuous updates that are published into the software. With our partners, Energy Group & Live Wire, we track the applicable standards and requirements for you and then alert the appropriate users that a change has occurred. | “This feature reduces the requirement for your own people to track and interpret changes to the NERC and Regional Reliabilty Standards. Updates and alerts in the system help mitigate the risk that a change might be missed. |
|
Integrated Frameworks |
|
| Linkages between standards and other compliance frameworks can be established, particularly in instances when multiple requirements drive a single activity within the company. | You can ask the business once, collect evidence once, and satisfy multiple requirements and stakeholders. |
|
Workflow |
|
| Configurable workflows with e-mail notifications and reminders | The workflows will generate significant efficiencies in the compliance management processes and also improve the quality of the work being done. |
|
Dashboards |
|
| Compliance status dashboards | Your compliance team, Management, the Board and external stakeholders can know the company’s level of compliance at any point in time. |
|
Flexible Reporting |
|
| The system has a robust and flexible reporting capability. You can easily respond to ad-hoc reporting requests, share reports or run scheduled reports. These reports can be customized depending on the intended audience. | You will dramatically reduce the time spent generating reports and determining the status of risks and controls. |
|
Multiple Levels of Sign off |
|
| This is completely configurable and you can assign any number of levels of sign off to any item in the system. | This is a workflow-driven feature that allows you to ensure the right checks and balances are in place. When a requirement has been certified, you have the maximum amount of confidence that this is an accurate representation for your Self-Certification |
|
Audit Trail |
|
| Any change made in the system can be tracked, viewed and reported upon. | This level of transparency allows the team to be fully accountable to internal and external stakeholders. |
|
Automatically Update Values |
|
| The system can be configured to automatically populate certain values such as a risk rating, a date, or the fact that work has been completed. | In addition to being more efficient than manual updates, this feature helps eliminate potential human error or omission. |
|
Central Evidence Repository |
|
| All of your compliance evidence can be managed in the GRC Cloud. | Quick and easy access to the correct documents is critical to the compliance managment process. For the team to make the correct evaluation of a requirement, they need to be able to find and attach the appropriate information. |
|
Manage your Reliability Standard Audit Workpapers |
|
| Manage all your RSAWs in one central repository. | By having all your Reliability Compliance activties, tasks and information in one place, you reduce the effort |
|
Audit Preparation |
|
| Through a simple zip file export, prepare your audit package, complete with everything they need to access. | Significantly reduce the time and effort to prepare for your NERC Audit. All evidence is at your fingertips and can be packaged together within minutes. |
|
“[GRC Cloud] documents and structures material very well… giving us a very comprehensive database. For every risk we identify and record we also look at the mitigations, which can either be through pre-existing controls … or an action plan to mitigate the risk. Here, we can apply target completion dates, and interrogate the system and check on dates as they come due. We have enough flexibility.” - IATA (International Air Transport Association), Airline industry representative group with worldwide presence. |
|
“Our working relationship has been very positive. [GRC Suite] was just more user-friendly than the competitor. It’s very intuitive. That was very important to us because our users do not use a compliance system day in day out.” - BC Hydro, Electric utility servicing 4.5 million residents of British Columbia |
* Applicable License Fees Apply