Growing regulatory environment, higher business complexity and increased focus on accountability have led enterprises to pursue a broad range of governance, risk and compliance initiatives across the organization. However, GRC in itself is neither a project nor a technology, but a corporate objective for improving governance through more-effective compliance and process control framework and a better understanding of the impact of risk on business performance.
However, many organizations in process of meeting the above objectives, find themselves managing their GRC initiatives in silos – each initiative being managed separately. When it comes to GRC technologies, it is important to have an enterprise wide – integrated GRC platform through which the GRC program is centralized and there is a complete visibility of the processes and results.
smartGRC by SR TEKBOX, is an integrated GRC platform that combines independent modules to allow enterprises manage the core functions of GRC into a single integrated package. smartGRC enables organizations to pursue a systematic, organized approach to managing GRC-related strategy and implementation while allowing organizations to pro-actively identify their risk exposure, easily manage regulatory compliance obligations and control processes and manage an end-to-end, effective and informative audit program.
To know more about the solution, please visit – www.smartGRC.in
Risk Assessment & Mitigation
Identify, manage and mitigate the risks across the organization, with the Internal Audit feature, and the visual representations of Risk framework. Dedicated page to monitor all mitigation plans and controls associated with the risks
Control Self Assessment
Define all key business controls in centralized repository with self certification from process owners, Assign & manage multiple Controls to their respective Risks elements, to identify & evaluate Controls for Risk based audit program
Statutory Compliance Management
Define and maintain a centralized structure of the overall compliance hierarchy. Utilize the tried and tested – Compliance Workflow Engine to regulate Compliance Framework & policies across the organizational structure
Audit Schedule & Execution
Plan, prioritize and schedule Audits through Audit Universe with ERM integration and Risk Assessment Program. Dedicated Audit Workspace with pre – defined audit forms, work papers & work programs to record findings & observations.
Audit Issue Tracking
Ensure accountability with robust issue-tracking workflows, Route Internal Audit findings to the appropriate managers for review, and subsequent actions; trigger systematic investigation, follow up’s and corrective actions for all audit issues
Dynamic Dashboard & Reporting
Intuitive & customizable dashboard, with plug-ins for each GRC module provided with various filters, drill down and extraction capabilities. Extensive Reporting capabilities with user driven formats and views for in depth analysis
Why Our GRC Solution?
Risk and Mitigation Plan Repository with the feature to add new mitigation plans during the risk assessment
Customizable Risk heat charts and mitigation plans & controls analysis on a dedicated Risk Assessment page
Centralized Control & Compliance repositories with easy to extract & manage features and customizable fields
Auto generation of all audit activities and workflows, with audit trails to track implementation at every step
Risk based Auditing with dedicated Audit Universe to plan, schedule, prioritize & update on Audit activities
Built in, customizable – Audit reporting and graphical tools with extensive drill down features & analysis
Dynamic Workflow engine with configurable alerts, reminders and escalations matrix defined at each level
Effective and regulated feedback on tasks and assignments from Process owners, eliminate need for follow up’s
Secured and encrypted platform to ensure data protection, Enterprise Licensing and SAAS model provisions