Organisations often find maintaining a consistent holistic view of GRC and controls a challenge. They also struggle to understand the relative severity of issues in these areas. This lack of reliable Management Information (MI) is a weakness that can be addressed.
GRC technology helps organisations address these challenges by automating much of the work associated with the day-to-day activities around key processes. This includes, Financial, Regulatory and ESG risks and controls and in particular the documentation and reporting of Risk Management and Compliance activities.
Key elements of our GRC technology proposition include:
- Helping you develop your business case for technology enablement
- Specification of technology requirements
- Performing pre- and post-deployment assessments
- Support with designing and deploying Continuous Controls Monitoring
How BDO can help you with Governance, Risk and Compliance (GRC) Technology
With our experience in GRC technologies, we support organizations in identifying the solution that best fits their needs, designing the selected solution effectively, and successfully implementing it.
Within this scope, we help organizations in the following areas:
- We provide needs assessment and solution evaluation support to help identify the GRC solution that best aligns with your organization’s operating model, risk management approach, and compliance requirements.
- We contribute to a healthier project implementation process by assessing the critical success factors and potential risks that may arise during the design, configuration, and implementation of GRC solutions.
- We support the analysis of your business needs and strategic objectives, and help translate them into functional requirements, and subsequently into technical requirements.