Organizations continue to kludge through poorly defined risk and compliance processes by using band-aids of desktop applications instead of a platform built for specific risk and compliance purposes. It is just that their solutions have kept many organizations complacent about further spending in this market. This is a significant concern to me — and one that needs to be addressed.
Governance, risk, and compliance information and processes house some of the most sensitive and critical information of an organization. Any organization relying on desktop applications as their risk and compliance backbone should consider. How do you know that the person who answered the questions in Excel or Word was the person it was supposed to be? How do you verify for accountability that the questions and surveys are going to the right people? This is critical as you need to identify accountability — who answered a survey, who read a policy, who was trained.
Is there a detailed audit trail of who accessed what and what modifications and changes were made to the file s? Data overload. How many files are you managing? Can you adequately integrate, digest, and report on the volume of individual files from desktop applications that come back to your desk e. This is critical, as organizations need to be able to demonstrate they are on top of compliance and not just going through the motions. Spreadsheets, word processor documents, homegrown databases — they all may play a supporting role in risk and compliance processes, but should not be the backbone of them.
As organizations wake up to this and further address GRC through the use of technology built to provide sustainability, accountability, efficiency, transparency, and accountability the actual market size will grow over the next few years to fill the addressable market size.
We set clear goals and expectations to build a long-term vision for our clients driven towards sustainable growth. We build meaningful interactions and clear flow of communication with our clients to meet our common goals.
We are convinced that having fun at work implies better ideas, a permanent improvement of the results, a well-being and a constant evolution for all. Notice: JavaScript is required for this content. Our vision Becoming a leading facilitator and accelerator of the digital transformation of risk management sGRC.
About us OXIAL is a leading provider and vendor of web-based Governance, Risk, and Compliance GRC software and on-demand service solutions for large, middle and small organizations from a multitude of sectors.
What We Value and Believe Our value is based on several key concepts, which we believe are a source of excellence and quality for us all:. Our governance platform provides new ways for leaders to digitally transform their governance practices, from increasing board and executive effectiveness to proactively managing risk and compliance practices to integrating real-time industry and company data like cyber risk scores and board composition.
Today, nearly , governance leaders from over 19, organizations and 90 countries rely on the Diligent modern governance platform.
With more than 1, employees globally, serving both public and private sectors, we are helping organizations digitize their governance practices and transform effective governance into a long-term, competitive advantage.
Learn more at Diligent. The integrated HighBond platform provides visibility into risk, makes it easy to demonstrate compliance, and helps grow audit, risk, and compliance programs without incurring extra costs.
Whether managing threats, assessing risk, measuring controls, monitoring compliance, or expanding assurance coverage, HighBond automates manual tasks, blends organization-wide data, and broadcasts it in easy-to-share dashboards and reports.
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