Leading mining companies of all sizes rely on BPS Resolver’s GRC Suite to manage their risk management, compliance and internal audit programs.

BPS Resolver provides enterprise risk management, compliance and audit software solutions tailored to the needs of mining companies. BPS Resolver’s GRC Suite enables companies to stay on top of regulatory requirements and effectively manage risk and enhance internal audit.

Natural resources companies frequently operate in vulnerable environments which require them to identify risks and perform corrective actions before an incident occurs. And as can be seen by recent headlines, failure to avoid or successfully mitigate incidents can result in immense damage to corporate reputation and the bottom line.

Mining companies frequently need to comply with multiple regulations both within a jurisdiction, but also differing regulations across multiple countries, states or provinces. At the same time, regulation is a moving target, with new regulations appearing, such as the Enhanced Production Audit Program (EPAP) implemented by the Energy Resources Conservation Board (ERCB) in Alberta, Canada, and existing ones subject to frequent change.

Adding further complexity, risk management activities frequently take place in sites that may be thousands of miles from the head office.

To be truly effective, regulatory compliance, risk and internal audit should be integrated to enable efficiencies in process documentation, identification of risks and evaluation of controls, using common language and measures and thus provide management with consistently formatted, consolidated reports.

Companies therefore require a flexible repository, reporting and work tracking system that can handle these disparate GRC activities and identify commonalities that reduce the duplication and redundancy of tasks.

As many GRC activities are most effective when handled by people “in the field”, ease of use is also vital to ensure widespread participation.

GRC Suite from BPS Resolver provides a solution for managing all these GRC requirements. GRC Cloud enables the customized design of multiple frameworks covering compliance with regulations and legislation, enterprise risk management, internal controls over financial reporting and internal audit and the combination of these. BPS Resolver also supplies a number of frameworks for customer use including COSO, COBIT and a mining-industry specific internal controls (SOX/MI 52-109) framework.

GRC Suite customers benefit from intuitive and easy to use interfaces that minimize training time and encourage participation across the enterprise. Customers who operate in remote areas can also take advantage of an “off-line” version of the software to enter their information which can be synchronized with the main system later.

Standardizing on GRC Cloud means that management is provided with standardized and consistent reporting that enables issues to viewed across the enterprise and drilled down through for more detail, whether organized by business function or regulatory area.

BPS Resolver has worked with mining companies of all sizes from small explorers/developers to multi-national mining enterprises. For more information on our solutions, or to ask any questions please contact us.