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| Governance Risk Compliance |
Strategic Approach to Governance, Risk, and Compliance
Traditionally, Governance, Risk, and Compliance (GRC) activities have evolved independently both from the Risk and Control functions and the business units. This has led to band-aid approaches to issues related to risk and compliance. Organizations typically have sound policies but have struggled with their implementation and effectiveness. Senior executives are now being challenged to comprehensively address these two key issues. Oversight functions must be able to gauge the effectiveness of governance policies and procedures as driven by both internal and external directives. Business functions must track and enforce compliance specifically to their line of business. A complete GRC strategy is required.
To meet these complex and unique demands, organizations are now seeking strategies that meet and future-proof their risk and compliance initiatives, while reducing their costs. An effective GRC strategy helps organizations adapt to change, manage risk, and effectively comply with the risks and regulations that affect their business today, while ensuring they can meet new challenges tomorrow. Success in GRC comes from successfully managing risk and achieving compliance in an ever-changing environment while reducing costs and improving corporate performance every day. |
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Our Approach
An effective strategy can positively impact shareholder value and empower organizations to:
- Improve strategic business decisions by clearly defining associated risks and opportunities
- Minimize operational surprises with more proactive and effective monitoring
- Protect and enhance reputation and brand by capitalizing on business opportunities while reducing the likelihood of negative events
- Increase organizational efficiency
- Avoid fines, penalties and damage to reputation
We helps companies evaluate, formulate and execute their compliance strategy to increase predictability, manage the impact of risk and capture business opportunities through:
- Governance: Set objectives and measure achievement.
- Risk Management: Identify, measure, report and appropriately manage risks to achieve governance objectives.
- Compliance: Execute governance objectives with integrity and confidence.
- Understand how well your company identifies and manages risk
- Report the appropriate risk and compliance information to the board of directors
- Help ensure that the board fulfills its regulatory responsibilities
- Implement enterprise wide risk management
- Address new or existing regulations more effectively
- Recover from a compliance failure
- Improve compliance effectiveness
Services we provide include:
- Integrated governance, risk and compliance: We help you develop a business-driven approach to improve the effectiveness of your governance, risk and compliance activities while reducing cost and complexity.
- Regulatory compliance and remediation: We help you address new or existing regulations, including Sarbanes-Oxley, anti-money laundering (AML), privacy, and industry-specific laws and regulations such as HIPAA, patriot Act, Clause 49,etc.. We can work with you to enhance your existing policies, systems, procedures and training to sustain improvements and prevent compliance failures. If you already have experienced a failure, we help you isolate and remediate it quickly and work with you to prevent further compliance violations.
- Enterprise Risk Management: To improve decision making and reduce operational surprises, we develop systematic approaches to the assessment of strategic, operational, financial and compliance risks. We can help you integrate effective and meaningful risk management practices into your ongoing performance management, strategic planning and capital allocation processes. We can also help you establish sustainable reporting and monitoring processes that include your senior executive team and your Board of Directors.
- Identity Management and Single Sign On Solutions. Our IBM Tivoli solutions provide Identity and Access Management for Single Sign On in an Enterprise Environment , Web based Environment and also offer Federated identity Management in a Distributed Multivendor Environment to integrate with SOA architecture.
- Infrastructure Management Solutions: Based on IBM Tivoli we offer complete Infrastructure monitoring solutions and Storage Management Solutions.
- ITIL, ISO 27001, COBIT framework based solutions: We offer complete and customized solutions based on the framework relevant to your specific needs.
- Tool based GRC solutions.
- Tool based IT GRC solutions along with Enterprise Security Management.
- Solutions for Security Information and Event Management ( SIEM).
- Solutions for Privileged Users monitoring.
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