The GRC (Governance, Risk, and Compliance) module of Style.. is fully usable via the web or intranet, aiming to control and manage corporate risks and compliance. Constantly updated, it ensures maximum efficiency.
Fully customizable, it allows the client to control the risks of business activities. The complete risk data management is then submitted to various controls, freely definable for each process by the client's risk managers, enabling the mitigation of any identified process risks.
The GRC risk control system is based on tables and matrices such as:
-Adequacy,
-Frequency,
-Effectiveness,
-Impact,
-Intensity,
etc.
The goal is the precise calculation of the weights of risks related to business activities.
The GRC module is designed to provide clear and effective feedback to audits. Through the control process, audits establish the level of danger to which various client procedures are exposed, allowing transparency of procedural risks and making it possible to eliminate any risks related to various executive business processes by suggesting the implementation of security solutions throughout the organization.
The speed with which process controls can be defined enables direct and immediate actions resulting from decisions suggested by process control through GRC.
In conclusion, the GRC provides the company with a simplified and comprehensive overview of the mutual impact of its business activities. One of its many strengths is the flexibility of the system for processing data, which can be inserted and modulated at will to allow compliance to provide an easily intuitive output for all business needs, ensuring compliance with corporate policies, laws, and regulations.
The major advantages of this system include:
-Cost reduction by eliminating repetitive processes;
-Increased transparency of data;
-Ensures the achievement of objectives;
-Streamlines business processes by identifying key issues;
-Lowers risks and maintains compliance over time;
-Facilitates planning.
Not to mention that the GRC is an integrated module with the Style.. PLM application, benefiting from the integration of other Style.. modules dedicated to daily activities such as Office, proactivity, B.I., dashboards, etc. Comparative analysis, cross-analysis, data comparison with business intelligence, etc., allow immediate and conducive outputs to risk governance.
Example of a GRC project
