The need for effective risk management is more acute than ever. Events such as the global financial crisis or the ongoing COVID-19 pandemic highlight the far-reaching impacts of enterprise risk management and the consequences of management failure. Help your organisation navigate the new normal and learn skills that will aid business resilience and help with economic recovery. GRC as a structured approach to aligning IT with business objectives, while effectively managing risk and meeting compliance requirements. a solution is the application of a product to solve a specific industry need or business problem.
Governance, risk and compliance (GRC) refer to a strategy for managing an organization’s overall governance, enterprise risk management and compliance with regulations. Governance, Risk Management, and Compliance-GRC have been key elements of company management for a long time. A corporate management system that integrates these three crucial functions into the processes of every department within an organization. GRC as a structured approach to aligning IT with business objectives, while effectively managing risk and meeting compliance requirements. The management aligns IT activities to business goals, manage risk effectively and stay on top of compliance.
Governance management is a function of the board of directors; makes the rules and establishes the goals and objectives as outlined in the strategic plan automation for streamlining governance processes.
IPP technology partner can provide management and end-users with the information that they need to understand risk, make data-driven decisions and reduce negative impact. GRC tool is a strategic implementation, which can save a lot of time, streamline your processes, and thus increasing transparency and accountability. GRC technology can help to track risk instantly, and taking measures to mitigate it.
Comprehensive business risk management is a multi-stage process that will vary depending on the needs and requirements of each individual enterprise. The first stage is to determine exactly what the risks facing your business are, procurement risk, currency risk, climate risk, market and product risk, technology risk, natural crisis, financial risk, business continuity risk. IPP can work along with the respective departments to complete the process to get down to evaluating the technique which will best suit your business and maximise your risk management moving forward. IT GRC solution enables you to create and coordinate policies and controls and map them to regulatory and internal compliance requirements. These solutions, which are usually cloud-based, introduce automation for many processes, which increases efficiency and reduces complexity.
IPP GRCaaS capabilities enable an organization to reliably achieve objectives, prepare to address uncertainty, act on time to safeguard the return on investment and ramp up the speed to increase the business value. IPP GRCaaS and solutions to ensure risk, compliance systems and processes, which can be easily adapted in the business environment and enable you to prepare your organisation against regulatory demands of today and tomorrow. Our services encompass:
Our service offerings are designed to help you realize success to ramp up the process of implementing GRC program in your organization. IPP experience and skilled experts can collaborate with you to implement an integrated GRC program solution deployed efficiently, whether in the cloud or on-premise.