Majority of Fortune 1000 organizations seem to manage their governance, risk and compliance initiatives independently; but often end up losing onto the broader set of requirements. However most of them have realized the importance of adopting an integrated GRC approach and deploying a single system and that it:
– Poses huge impact in improving organization’s effectiveness by laying a clear structure for the organization.
– Erases redundant tasks.
– Generates an authentic report for employees, management, auditors and regulatory bodies.
GRC Capabilities
Governance
- Enterprise risk management and assessment
- Board compliance capabilities
- Business performance reporting such as balanced scorecards, risk scorecards, operational controls dashboards, etc.
- Policy management, documentation and communication
Risk Management
- Risk assessment
- Risk analysis and prioritization
- Root cause analysis of issues and mitigation
- Risk analytics and trend analysis
Compliance
- Flexible controls hierarchy
- Assessments and audits
- Issue tracking and resolution
- Analytics
Bokanyi’s effective GRC services helps businesses to manage and recognize compliance and risk events, present supply sustainability report protect value by proactively avoiding risks; minimizing violation of cost and improving performance by linking risk and performance management with organizational objectives.
