An integrated Governance, Risk and Compliance (GRC) Programme is something that can add value to each and every company. It helps management align the company’s activities with its’ goals and encompasses everything from the management approach to identifying, analysing and responding to risks, and ensuring a company is compliant to all applicable laws, regulations, standards, contracts, policies and strategies.
Traditionally, these were separated and handled by different departments. However, where these various departments overlapped duplication of tasks, confusion and wasted resources crept in.
A centralised approach has proven far more rewarding because:
One holistic map of the company’s GRC framework allows management to gain a more appropriate understanding of the business and the various departments affecting it.
As a result management will be able to mitigate risks and allocate resources better.
Fewer tasks done futilely equals less confusion and less wasted resources. Companies are able to better manage and address risks, cut costs and improve productivity as a result.
An integrated GRC Tool
An integrated GRC Tool like MWare’s newly adopted RUBiQ is the answer to unlocking the above-mentioned benefits via one, streamlined software programme. The solution automates GRC, increasing efficiency and simplifying the entire process.
“Normally, when looking to adopt a GRC Tool, companies would first need to do an assessment to see what exactly they need before setting out to find the right solution,” comments MWare CEO, Mich Martins.
“But the great thing about the RUBiQ platform is that it adapts according to your company’s overall GRC Maturity. A questionnaire covers the overall assessment and RUBiQ will automatically create a Gap Audit for the client.”
Learn more about RUBiQ and how it can assist your business by clicking here or by getting in touch.