Build a top-performing GRC culture that turns disruption into an advantage.
Change is a constant. Leaders who establish agile, efficient and integrated governance, risk and compliance cultures control and manage business challenges better than their competitors. These leaders turn GRC-related disruption into an advantage.
An integrated approach to GRC calls for a unified view of the required controls and policies. Specifically, what is needed is a governance, risk analysis and management strategy correctly aligned with business objectives and tolerance levels, and industry/organization compliance requirements, processes and systems. Building a GRC culture delivers efficiencies, resiliency and enhanced performance.
Organizations need to build a culture for Governance, Risk and Compliance to drive increased value
High-performing governance, risk and compliance (GRC) cultures encompass three key elements:
- GRC becomes an integral part of all engagement internally and externally with customers, partners, constituents and regulators – think of it as a valued contributor rather than an inhibitor
- GRC is built into standard business processes and organization performance
- Implementing enterprise tool-based solutions enables efficient tasks, transactions and reporting
Integrate GRC into all engagement touchpoints across your value chain
Building a GRC culture begins with defining a roadmap and establishing your unique standards framework – aligned with regulatory requirements – and fit for your business purpose. The first step in the roadmap starts with an assessment and analysis of your governance, risk and compliance posture; identifying strengths and opportunities for improvement and new practices.
A top-performing GRC culture requires business transformation – people, process and technology. Manual processes become automated, integrated and efficient. Policies and practices become unified, agile and sustainable; and controls, monitoring and reporting deliver consistency and transparency.
GRC technologies accelerate process change, support desired people performance and speed implementation of new GRC practices. Taking a business transformation approach also involves developing and deploying organizational training and support to ensure successful adoption.
Enterprise Tool-based Solutions and GRC
OneSource partners with Fastpath to deliver GRC solutions including segregation of duties, security access reviews, audit trail and identity management. We address three critical questions:
- Who has access to our systems?
- What do they do with that access?
- Where are we vulnerable?
Fastpath GRC Platform
Auditors built Fastpath’s enabling platform with a segregation of duties ruleset that has been reviewed and applied by all the major Audit firms. The tool allows you to audit across individual systems and multiple systems including Microsoft Dynamics, SAP, Oracle, NetSuite, Salesforce.com, Accumatica and more.
Based on a cloud platform, Fastpath Assure Cloud Platform helps you discover where your critical personal data is; manage how that personal data is accessed and used; protect how the personal data is controlled and report information about access and breaches; maintaining the necessary documentation required by regulations.
OneSource and Fastpath
With our corporate accounting and technical competency, we bring a unique understanding of business processes and how best to align people, process and technology to meet industry GRC requirements. We engage with senior executives across industries to help inform critical decisions specific to their business environment as they undertake GRC within their organization.
We translate our collective insight into a viable strategy and roadmap helping our clients’ future-proof compliance capabilities, enable a GRC-based culture, decrease risks and optimize outcomes.
Learn more – OneSource and Fastpath
Photo by Randy Fath on Unsplash