Governance Risk & Compliance (GRC) Solution
Key Features
- Enables enterprise-wide loss event capturing, reporting and action plans identification
- Provides targeted reports to easily identify which controls have not been performed and who to contact for follow-up
- Includes flexible scorecard reporting that allows the combination of loss history with key risk indicator (KRI) and issue metrics to arrive at an expected loss measure
- Includes process heat maps that provide instant visibility into risks that need immediate attention
- Allows setup of Key Risk Indicators
Benefits
- Automates labour-intensive GRC review and assessment processes for operational risk, regulatory compliance, internal audit and corporate governance
- Assigns risk management responsibility and accountability across the Bank
- Continuously assesses risk related costs, effectively
- Streamlines the capture and reporting of financial and non financial losses and near miss
