Governance, Risk and Compliance
Look auditors in the eye with confidence.
Comply with Confidence
Spreadsheet chaos, manual paper trails that lack security, emails—these are common ways companies manage controls and assessments as well as track GRC issues. This approach lacks integrity. It doesn’t have a verifiable audit trail. It’s time-intensive to track different versions of documentation and keep them in sync. Creating consistent reports from hundreds or even thousands of disparate information sources is nearly impossible.
Software AG’s GRC solution offer you a better way. You can connect risk and controls with processes and keep them in sync with your organization‘s corporate objectives and policies.
Increase Business Agility
Making your internal control system process-based gives you flexibility. Changes in processes get noticed, and control design is assessed automatically. Risk and control libraries are connected to business processes, combining standardization with flexibility.
Use our solution to reduce conflicts between business and control departments—and improve your operational performance and ability to react to changes. As new issues arise, you can identify root causes quickly. A process-based approach lets you analyze dependencies and use advanced tools, such as process simulation for fact-based decision-making. With its relational database structure, our solution supports your risk and compliance intelligence efforts in an ideal way.
Improve Transparency & Consistency
Manually managing risk and compliance issues rarely ensures risk prevention. Expensive investigations, resolution procedures and even fines can have a negative impact on your company’s brand.
To resolve this, Software AG’s GRC solution uses one unified repository across all different risk and compliance areas. All data concerning risk assessments, control testing, survey and audits are stored in a single database. That reduces redundancy and ensures consistency in data and reports. You get real-time snapshots of your company’s risk and compliance status and can create an “in control” statement as needed.
You can easily identify ownership and responsibility because risks and controls are aligned to business processes. By empowering the business process to monitor operations, you can reduce operational risks significantly.
Adapt Faster to New Regulations
Keeping track of changing regulations and new requirements is tough. Each regulation impacts your business processes, your strategy and even how your company operates. To ensure your company stays compliant, you need to identify the impact of regulatory requirements and then connect those requirements to business procedures and activities.
Software AG’s GRC solution lets you break down legislation and regulations into control requirements that can be handled sensibly. Overlapping laws and regulations result in a common set of business requirements. Re-using business processes, compliance requirements and reports via a single platform helps you adapt faster to new regulations.