A comprehensive Enterprise GRC Solution with Integrated Risk Management
When organizations think of enterprise Governance, Risk management, and Compliance (GRC) solutions, it’s more about compliance-driven activities aimed at improving corporate governance and internal controls. However, most enterprise GRC implementations proved counterproductive due to the addition of enterprise GRC tools in silos as a reactive approach to the ever-changing regulations and market requirements.
Challenges in traditional GRC / IRM
Gartner proposes an Integrated Risk Management (IRM) approach that must include a clear strategy, detailed risk assessment, a plan for risk response, communication and reporting, risk monitoring.
In the traditional GRC or IRM approach, constant changes in the business models, increased collaboration, the need for greater transparency, and scattered data points add to the complexity. With an explosion of communication formats, the information needed is buried in audios, documents, spreadsheets, emails, and legacy applications separated by physical locations. Hence, GRC/IRM solutions should provide a single, integrated, and comprehensive technology for early detection and management of risk across the enterprise.
Why SJM
SJM has vast experience in transforming businesses providing financial services with the right mix of industry best practices, data management, automation, and cloud adoption.
Powered by a comprehensive framework and set of tools, SJM offers a futuristic GRC/ IRM solution with emphasis on: