GRC
platforms started
becoming a “thing” in the mid-2000s. At this point there were only
a few key players. They focused primarily on IT and IT
controls, policies, or IT risk management. Then with the Enron and WorldCom
scandals, SOX and its myriads of financial reporting controls became
platform offerings. As the market expanded at the turn of the decade, the
concept of “eGRC,” with the “e” standing for enterprise, was introduced.
Today we have formal GRC as being three related pillars that help an organisation achieve objectives, address uncertainty with a focus on reducing risk and acting with integrity.
Governance is the combined effort and
processes established and executed by management and the board of directors and
how it is managed and led toward achieving goals.
Risk management
is predicting and managing hazards and threats that could hurt or stop the
organisation from achieving its objectives amidst uncertainty.
Compliance refers to adhering to mandated boundaries, such as laws
and regulations, as well as voluntary boundaries, such as a company's policies
and procedures.
Our GRC 365 solution supports the core definition above and is part of Dynamics
365 Finance and Operations.
Protection of assets, loss reduction, improved safety, improved visibility of
business performance and
improved compliance are the key benefits of GRC 365. The solution tightly
integrates into other modules of Dynamics 365 Finance and Operations to support
and enhance SCM with contract management, management of audits and records of
meetings.
Our HSE 365 (Health, safety & environment) module
is included under the GRC 365 umbrella.
Offices in the United Kingdom (UK), United Arab Emirates (UAE) and
South Africa (RSA).
Our head office address is:
CSIR, Meiring Naude
Pretoria, South Africa
info@axnosis.com