January 7, 2013 - Consulting firm Protiviti has issued a new version of its governance portal, which it says is designed to make it easier for banks and other organisations to solve their everyday real-world governance, risk and compliance (GRC) challenges.

The group added that Protiviti Governance Portal 4.0 expands on and matures the inherent functionality within the tool, featuring an improved user interface and communication, collaboration and reporting capabilities to simplify the overall GRC experience and support business intelligence, data analysis and informed decision making.

"The Governance Portal 4.0 makes it much easier for a broader range of GRC related initiatives, such as project risk management, vendor risk management, policy management, and IT risk management, to be effectively managed within the tool and fully integrated with strategic Enterprise Risk Management initiatives," said Jonathan Wyatt, Protiviti UK's managing director.

"The expanded use of the Governance Portal to support these risk management initiatives assists with their development, promoting more organised communication and collaboration across the organisation."