A simple-to-use and effective solution for implementing the GRC Framework within your organization, allowing for the use of collaborative tools and automation to focus policies and controls on areas which are most significant, and helping to reduce risk and strengthen compliance for your organization
- Governance is essential to the management of a corporation, to guide the actions on corporate objectives and requirements.
- An ineffective framework leads to failures, with results in reputational damage and / or penalties.
- A 360° View across Risk Impacts is necessary for effective decision making.
- Compliance with existing Laws and Regulations is essential for the reputational standing of the organization.
- Independent Assurance needs to be simplified for addressing quickly and efficiently the gaps within the GRC Framework of the organization.
Risk Management Solution Overview
Plan & Repository Management
- To set plan for KRI, RCSA and IRAF activities
- To provide centralized repository of content for a holistic view
- Model and align risks to organization structure
- Map policies and regulations with identified risks and controls
Risk Management
- Centralized Risk Register and Treatment Plan
- To provide support on common risk management stages
- To systemically manage ORM related processes
- Comply with regulatory requirements and framework
- Ability to create impact objects linked to risks
- Automated workflows of RCSA & KRI
- To perform the gap assessment on each identified risk
- Automated validation process of controls
IRAF Management
- Systematically manage the IRAF process
- To manage and update IRAF question section / department wise
- To track and monitor the responses
- Follow-up on actionable items
Issue / Incident Management
- To manage Issues / Incidents related to risks and policy violations, issue-items and penalties
- To track issues / incidents that occur within the organization
- To investigate and validate occurred issues / incidents
- Manage and Trace action plan against the identified issue / incident
Monitor & Report
- Analytics and reports including Heat Maps
- Notifications and automated Alerts against each process
- Monitoring of response effectiveness
- Assessment of impact on business objectives
- Escalation Matrix for monitoring trends in risk exposure
- Visualization capabilities for easy identification and monitoring of critical risks
Compliance Risk Management Solution Overview
Repository Management
- Maintain centralized library of all applicable regulations
- To provide centralized repository of content for a holistic view
- Model and align risks to organization structure
- Map control procedures to identified risks
Regulation Management
- Systemically manage the CRM related processes
- Comply with the regulatory requirements and framework
- Manage the Department wise regulation and ensure compliance
- Map regulations with new and / or identified risks and controls
- Perform gap assessment and mange the Treatment Plan
Compliance Management
- Manage and Ensure timely compliance against each regulation
- Track and monitor responses
- Follow-up on actionable items
- Annual RCSA
- Risk Aggregation process
Regulatory Reporting Management
- Manage and Track regulatory reporting and their status
- Manage the frequency of regulatory reporting
- Tag relevant department / individual for submission of the regulatory report
- Ensure timely reporting with concerned Departments
- Systematically manage reminders before the close of each reporting period
Data Visualization & Reporting
- Analytics and reports including heat maps
- Notifications and automated alerts
- KRI metrics and reporting
- Assessment of impact on business objectives
- Escalation Matrix for monitoring trends in risk exposure
- Visualization capabilities for easy identification and monitoring
Audit Management Solution Overview
Manage Audit Activity
- Establish framework for risk assessment and prioritization
- Communicate plans and resource requirements
- Deploy appropriate resources
- Report planned performance to senior management
- Integrate audit activities with CRM and ORM activities
Engagement Management
- Establish engagement objectives and scope
- Assess relevant risks
- Plan appropriate and sufficient resources
- Develop and document engagement work program
- Visibility on all audit engagements
- Conduct comprehensive Risk , KRI & Control assessments
Engagement Execution
- Identify relevant information
- Perform analysis and evaluation
- Document engagement information
- Supervise & Track audit engagements
- Organize and Manage audit observations and Working Paper
- Generate reports as per desired format, with automated approval
- Manage circulation process through system
Communicating Results & Monitoring
- Determine communication criteria
- Disseminate results
- Establish a follow-up process to monitor management actions
- Track and monitor all Audit Observations and their action plans
Data Visualization & Reporting
- Manage Oversight through dashboards and reports
- Notifications and automated alerts
- Visualization capabilities on engagement plans and execution activities
Why INIT – Guardian Solution
Simple
- Do more with less: reduce the cost and effort of your GRC procedures and executions
- Use a modular approach to deploy at your own speed
- Gain an enterprise approach and view into your GRC activities and bring together disparate parts of the organization
Integrated
- Take advantage of cross-modular integration for up-to-date and reliable information availability
- Get up and running faster, leveraging data-import capabilities to have your organization data consolidated
- Go lean with automated monitoring and get timely notifications on critical actions
Supported
- Proactive approach to identifying and addressing priorities, helping to avoid exposures to the organization
- Meet the requirements of your organization by choosing how you want to deploy – in the cloud or on premise
- We own our product; end-to-end services on development, customization, deployment, training and on-going support