Implementing GRC Lines of Defense to Improve Your Business Processes
When business operators use repeatable processes and uni ed software to manage risk and compliance, the bene ts are huge. Every part of the business becomes more agile, resilient, risk intelligent and con dent. This illustration shows how to improve business processes, gain risk intelligence, and contribute to planning for performance.
The ABCs of GRC Compliance Week
The value of mature GRC capabilities can be summed up through another acronym—ABC: Aware, Bespoke, and Confident. And while these are not the only attributes of effective GRC, together these three offer the opportunity for greater success that most organizations have failed to grasp, at least up until now.
Examining the Role of Strategic Risk Management from a Supply Chain Risk Perspective
To fully appreciate the current state of strategic risk management and where it is headed, one must have an understanding of its journey. We outline that for you below from the viewpoint of managing supply chain risk.
3 Ways to Strengthen Vendor Risk Management and Secure Data Article
As third party and vendor ecosystems continue to grow and expand, managing risk effectively becomes both a complex challenge and a critical necessity in today’s highly connected business environment. Below are are three ways that companies can begin to better manage and reduce third-party risks.
THE ROI OF RMIS
A Risk Management Information System (RMIS) is an essential component of the overall work platform for risk management functions within both mid-size and large organizations. Risk managers who are most adept at using the RMIS, along with a comprehensive work platform, not only achieve process efficiencies, but also are able to lower their Total Cost of Risk (TCOR) and provide better reporting to senior management.
Vendor Risk Management – Data Sheet
The MetricStream Vendor Risk Management (VRM) App enables you to manage, monitor, and mitigate vendor risks efficiently and effectively. By integrating global vendors onto one cohesive framework, the app gives you complete visibility into vendor risks. The app also streamlines and standardizes vendor management processes, right from vendor on-boarding and risk profiling to ongoing vendor monitoring and oversight.
Proving the ROI of Automating Risk and Compliance
As with any major purchase, demonstrating the return on investment is key to getting the ultimate buyer to support the investment. Automating your risk and compliance activities can positively affect your company’s bottom line. You just need to prove it. Here are some insights to help you do just that.
Navigating OWN Risk & Solvency Assesment (ORSA) Requirements
We are now more than a year into the guidelines that went into effect June 2015 for medium/large insurers to comply with Own Risk and Solvency Assessment (ORSA)requirements that include the assessment and management of all risks (not just underwriting risks) in their annual reports.
