NederlandsIncreasing levels of regulation mean that every organization faces a compliance problem as unique as its own operational scope and complexity. QOL|GRC is a comprehensive and flexible framework for defining, monitoring and reducing risks across the entire enterprise. Taking active control of risk and compliance issues requires establishing a process and culturally-oriented approach.
To meet this need, risk management has to be embedded in every relevant aspect of day-to-day business processes. Each business unit and level of the organization becomes involved in operational support of risk and compliance. This approach not only provides top-level management with a consolidated, organization-wide view of risk and compliance; it also delivers business benefits, including operational and control efficiencies.
Sighting Clear Objectives
The QOL|GRC suite of applications is a highly effective cross-process approach to supporting governance, risk and compliance objectives throughout your organization. Taken together, the applications focus on the following objectives:
- Sustainability- continuous monitoring of risks and compliance indicators;
- Consistency- standard, repeatable aggregations and analysis of various types of risks and compliance data;
- Efficiency- automated risk and compliance processes with business processes, reusable tools, technologies and information;
- Transparency- a single repository for policies and procedures and a central reporting structure.
A Comprehensive Approach: Support and Oversight
Good risk management is the ability to balance risk optimization and compliance; this requires high quality support and oversight of business strategy.
Support
Organizations must track and conform to complex regulations in multiple jurisdictions. QOL|GRC applications ensure that consistent processes and business controls are supported, that group best practice is adopted in each locality, and that local regulations and policies can be included.
Oversight
The ability to see consistent and consolidated reporting across all entities is also key to continuous compliance. QOL|GRC reporting can be geared to self-generate reporting periodically or on an ad hoc basis, when a KPI or KRI moves out of range. And QOL|GRC reports can be readily updated to reflect local changes in legislation on a per business unit basis, without damaging data library consistency.
QOL|GRC addresses these issues with a comprehensive suite of applications containing six feature-rich modules and an array of content libraries.
- Policy Management ensures organization-wide compliance with new and modified regulations. This module tracks regulatory change and translates it into a policy that is then archived in a central, universally-accessible library. New policy is then communicated and mapped into business processes and controls. PCM manages policy exceptions as well as policy effectiveness and compliance.
- Incident Management supplies superior compliance reporting and incident registration functionality to power your organization's rapid responses. Monitoring and management of inherent and residual risk are fully supported by verification and control tools.
- Audit & Assessment Management consolidates solution-specific software and existing manual assessment provisions into a centralized utility service. QOL|AAM creates the planning, scheduling, management of audit performance. It also automates captures for incidents, creates remedial action plans and produces a risk assessment for future use.
- Risk & Control Management provides organization-wide management of the captures, internal policies, and controls. These elements determine the balance between inherent and residual risk, and are key for optimizing business opportunities in relation to financial, legal, and operational risks.
- Document Management consolidates disparate data into one centrally-managed database to provide cross-domain searchability with roles/rights-based access. Document type-specific workflows ensure that documents are kept up to date and that staff is aware of relevant changes.
- Dynamic Dashboards & Reports link executives directly to management information. QOL|DDR provides non-specialist users with fully customizable, real-time reporting to monitor, verify and analyze compliance and risk indicators.
QOL|GRC establishes a single, centrally-managed data store for captures of compliance, input and regulations. Optional GRC Content Libraries include: Anti-Money Laundering, BASEL II, Business Recovery Planning, Corporate Real Estate, Corporate Governance, Counterparty Risk, Data Protection, Executive Remuneration Risk, Fraud, Health, Safety & Fire, Information Risk, I.T. Security, KYC / AML, Market Risk, Operational Risk, Outsourcing Risk, Physical Security, SAS 70, SOX, and Treating Customers Fairly.
Cases:
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Products:
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Document & Content Management
Maximize your business intelligence resources: secure sharing and management of all your documentation and content for a better workflow and transparency. -
Incident & Report Management
Orchestrate and manage timely incident responses, internal communication, and documentation across your entire organization -
Audit & Assessment Management
Improve oversight and control: consolidate and embed audit processes into day-to-day work policies. -
Governance Risk & Compliance Suite
Capture, translate, and control: continuous compliance with government regulation and internal policies and procedures. -
Dynamic Dashboards & Reporting
Know now, not later: real-time analysis of your processes and metrics with one-click drill-downs and heat-mapping.