Author Archive | The GRC Pundit

How Technology Enables Enterprise Risk Management

Risk management fails when information is scattered, redundant, non-reliable, and managed as a system of parts that do not integrate and work as a collective whole. The risk management information architecture supports the process architecture and overall risk management strategy. With processes defined and structured the organization can now define the information architecture needed to […]

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How to Purchase Policy & Training Management Platforms

Organizations often lack a coordinated enterprise strategy for policy development, maintenance, communication, attestation, and training. An ad hoc approach to policy management exposes the organization to significant liability. This liability is intensified by the fact that today’s compliance programs affect every person involved with supporting the business, including internal employees and third parties. To defend […]

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GRC Critical Capabilities and Purchasing Considerations

There is a broad array of governance, risk management, and compliance (GRC) related solutions available in the market. In fact, GRC 20/20 has catalogued and mapped over 800 technology solutions and over 300 content/intelligence solutions that organizations use to improve GRC processes in an effort to make them more efficient, effective, and agile. Navigating this array […]

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Components for Developing an ERM Strategy

The physicist, Fritjof Capra, made an insightful observation on living organisms and ecosystems that also rings true when applied to risk management: “The more we study the major problems of our time, the more we come to realize that they cannot be understood in isolation. They are systemic problems, which means that they are interconnected […]

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Technology Priorities for Compliance & Ethics

Past compliance processes were bogged down in documents and technology silos, which led to laborious and costly processes to gather information and report on compliance risk. Compliance departments over-relied on spreadsheets, documents, and email that lacked an audit trail, creating a legal disaster since organizations lack a defensible position when it cannot prove compliance with […]

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Why Enterprise Risk Management (ERM) is Critical to Modern Business

Organizations take risks all the time but fail to monitor and manage risk effectively for the enterprise. A cavalier approach to risk-taking results in disaster, providing case studies for future generations on how poor risk management leads to the demise of corporations — even those with strong brands. Gone are the years of simplicity in […]

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Compliance in Dynamic and Distributed Business

The hot topic for 2018 is certainly compliance. Compliance is more than adherence to laws and regulations, it is about the integrity of the organization to it’s ethics, values, social responsibility, policies, commitments, contracts, and controls. I have been stating for over a decade that the best executive title for a compliance executive is a […]

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Addressing the Challenges of Third Party Management/GRC

The governance, risk management, and compliance (GRC) across third party relationships (e.g., vendors, suppliers, contractors, agents) is a significant challenge for organizations. Organizations today are not defined by brick and mortar walls or traditional employees. The modern organization is a complex web of nested business relationships and transactions. GRC 20/20, in our research, is interacting […]

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Case Management: Benefits of Case Management Software

Over the past several weeks, I have been exploring the challenges and strategic approaches and processes for issue reporting and case management. Previous posts include: Challenges in Issue Reporting & Case Management Components of an Effective Incident/Case Management Process With processes defined and structured the organization can now define the information architecture needed to support […]

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