Ever broadening government regulations affect more companies and more of their activities each year. In addition, companies need to achieve and demonstrate compliance with industry standards or voluntary codes of conduct on an ongoing basis. Meanwhile, shareholders and directors direct management to demonstrate appropriate risk management activities in tune with the business’s risk appetite and integrate both of these with appropriate governance activities.
Simply attempting to coordinate governance, risk and compliance (GRC) across multiple silos that separate risk from compliance and audit or focus on specific business functions and business processes, results in no consistent view of governance, risk and compliance, how it should be addressed, mitigated, tracked, reported on and business processes enhanced.
Effective enterprise GRC requires a company-wide approach to managing risk and compliance activities, including internal controls, operational risk management, legal compliance, compliance with ISO standards and other voluntary codes, customer privacy, data security standards and others. These disciplines must be coordinated and tracked across the organization.
BPS Resolver’s GRC Suite is the result of over 12 years of experience working with some of the world’s best managed companies, and brings together comprehensive tools for:
- Creation of a process, risk and control framework, customized to the needs of individual business divisions, locations and departments
- Assessment and evaluations of risks and controls
- Risk Assessment Surveys
- Risk Assessment Workshops
- Management and update of compliance frameworks
- Design, planning, scheduling and execution of Internal Audit activities
- Identification of deficiencies and issues and the action plans needed to mitigate these.
- Comprehensive reporting of the management of governance, risk and compliance in formats appropriate for all stakeholder groups from department managers to the Board.
Users of BPRS Resolver GRC Suite benefit from:
- A company-wide solution with consistent governance, risk and compliance terminology, definitions and approaches, yet with flexibility to tailor content, format, security and workflow for each group and across job functions.
- Reducing the time and costs of GRC activities by reducing redundancy, repetition and the need to combine information from disparate systems.
- No need to change internal processes, as the application in flexible enough to be configured for almost any structure and process. However, some customers do change their processes in order to take advantage of BPS Resolver’s governance, risk and compliance software’s advanced capabilities. Furthermore, the GRC software can be easily reconfigured as the company’s needs and processes change over time.
- A more effective Governance, Risk and Compliance program, due to cross functional collaboration and the ability for more individuals across the organization and at all levels to be included in the identification of risks and the design of mitigation plans
- Enhanced ability to identify interdependencies of risks and controls across processes, business functions, departments and locations
- An easy to use interface which reduces training time and encourages adoption of the application across the company.
- Increased visibility of the GRC program at all levels of, the organization, which drives involvement and ownership.
GRC Suite is available on BPS Resolver’s Software as a Service (SaaS) platform which can be deployed rapidly and enables the maintenance of the software (upgrades, backups, archives etc.) to be managed on behalf of the customer in a high performance, high availability environment. The software can also be installed on a customer’s own technology infrastructure if required.
Contact Us
To request more information about BPS Resolver’s GRC software solution, please use our contact form or to speak with a BPS Resolver representative, call us at 1-888-891-5500 or +1 416 622-2299.