Is there a solution?
We believe that the solution does exist and it is an integrated GRC (Governance, Risk management and Compliance) project that:
evaluates the company’s strategy in terms of compliance—finding out the main objectives to be pursued
analyzes the processes, detecting responsibilities, compliance objectives, and current risk profiles
maps the risk pattern and suggests corrective actions, and ultimately monitors their eventual execution
monitors the progress of the Key Compliance Indicators in order to measure their alignment to the strategy
provides a company with a technology supporting all of the above listed steps, which decreases compliance design and implementation costs as well as the need for external consultants and time consuming low profile activities.