Bermudian organisations face significant challenges as they do business in an increasingly complex global marketplace. They need to develop an integrated approach to ensure effective governance, manage risks, and optimize performance while addressing compliance obligations throughout the enterprise.
A number of key business processes under the broad areas of governance, risk management, and compliance (GRC) are particularly critical to this success. Because there is significant overlap in their functionalities, addressing them in an integrated fashion allows a consistent view of information and efficient application of resources that greatly enhance the power each individual process brings to the organisation.
The simple step of adopting a consistent approach to setting operational goals and standards and making sure they’re met – by integrating activities that are siloed and often duplicative or contradictory – enhances the organisation’s value by making its activities more agile to the demands of a changing business environment, efficient in the use of resources, and effective at managing risk.
The thoughtful application of technology solutions is essential to a successful GRC strategy that enables the organisation to achieve compliance while also increasing efficiencies. The quantity, quality and expansive locations of information throughout the entity mandate the use of an integrated and well-architected technology support structure that includes GRC.
The Certus Group customises a number of GRC technology platforms (see Products page) to meet the ever changing needs of our clients.