Governance, Risk and Compliance (GRC) solutions
Governance, Risk and Compliance (GRC) is more than filling out forms or ticking boxes. Risk Management is not just about the negative but also about showing benefit to the organisation by understanding opportunities inherent in risk through coordinated activities which come together to optimise the management of potential opportunities and adverse effects.
There is no profit without risk yet Risk Managers are often faced with the pressure of constantly justifying the approach and value of the risk function besides facing challenges of the ever shifting landscape of risk and compliance and the perception that the Risk function and the rest of the business do not see eye-to-eye.
Elektron Consulting's proposition is to provide you with a personalised solution to match your business processes, terminology and work style that will not only meet your organisations specific needs but engage your teams to meet your set goals.
Elektron Consulting delivers this proposition through a three pronged approach.
Governance Framework and Tool
The Tool facilitates risk assessment, risk plan/treatment and control self-assessment. The Tool provides for alerts, action due, monitoring and review. The dashboard functionality has many ways to slice and dice information to generate reports on top risks, monitor controls, action progress on treatment plans and control deficiencies. Other features include:
- Multiple user functionality
- Establish rules to assist managers and users
- Full data integration
- Supports ISO31000, AS/NZ 4360 and Sarbanes Oxley requirements
- Incident Management
- Performance Management and
- Reporting
Residual Risk Treatment/Remediation (Drive efficiencies and improve business performance)
Process Management is the basic layer that enables an organisation to truly integrate its individual governance, risk and compliance processes, and to drive efficiencies based on the reduction of key controls and audit costs. We offer an effective solution based on process management that enables a company to have more secure control over growth activities. On a day to day basis, process management will present how processes are performing and where improvements are required. This enables an increase in business performance.
Independent Review Services
We offer a broad set of services focused on evaluating, testing, and reporting on an organisations' achievement of control objectives that are established by management, industry practices, and regulations. Services include control self assessment of operational and financial reporting controls, general computer controls testing, agreed-upon procedures, and consulting services related to preparing for internal control audits.