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ORM
Operational Risk Management
The globalisation of production, the implementation of new national regulations, social and ecological pressures and the search for means of reducing production costs oblige companies to manage all risks arising from the company’s activities.
These new regulations (SOX, Basel 2, Solvency 2, AML, …) follow the same three steps logic: determining and gathering information on all risks within the company, listing and evaluating them and then implementing the processes required to either cover or to overcome them.
Through the use of its risk evaluation module, GRC Suite provides companies with the means to detect the risks inherent to their activities, to measure and to list them. Its integrated workflow management module provides a description of your counter-measure processes and thus enables you to pilot all your operational decisions. The traceability incorporated in GRC Suite thus enables you to analyse and subsequently to reproduce all the risk generating elements and the covering measures taken. Thanks to its integrated document generation engine, the GRC Suite automates the production of statements representing the state of evolution of your coverage of risks. Furthermore, the database storage and the automatic traceability of data and events relating to your operations make GRC Suite an incomparable tool for the preparation for future regulatory inspections.
