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.
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.
Hexaware 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, Hexaware offers a futuristic GRC/ IRM solution with emphasis on:
Hexaware’s enterprise GRC/ IRM solution enables businesses to leverage end-to-end risk traceability, management, and mitigation in IT infrastructure, issue management, vendor management, audit management, loss event management, etc. It is a one-stop solution to safeguard businesses and have a non-intrusive, risk-free enterprise GRC.
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