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Organizations are striving to effectively manage the full spectrum of internal and external risks, ranging from strategic risk and operational risk, to legal risk, IT risk and financial risk. Reputational risk has also become critical in today’s digital age, particularly with the increase in social media interactions and cybersecurity threats.
At KPMG, we see GRC platforms and frameworks as an approach to align the organization’s governance, risk and compliance processes to its strategy, allowing for convergence and transparency of information to drive performance and resilience in a dynamic economic business environment.
Regulatory expectations, coupled with an increasing need for risk and compliance departments to balance cost and effectiveness is seeing several organizations embark on governance, risk and compliance (GRC) technology implementations or considering upgrading existing solutions. A careful consideration of several factors is required for these implementations to deliver the promised value.
KPMG has developed an implementation framework to help companies launch or refresh their GRC technology programs.
Intelligent GRC solutions are emerging technology-enabled products and services that integrate, facilitate, streamline and maximize the efficiency and value of an organization’s GRC strategy.
Companies struggle to manage risk and compliance exposures in an increasingly dynamic business environment. High volumes, many data sources and difficult relationships are too complex for traditional processes and infrastructure. Data and Artificial Intelligence are currently redefining GRC practices.
Companies see the need to accelerate digitalization, particularly following the global COVID pandemic. Low code digital platforms are often used as an entry-point digitalization platform to orchestrate end-to-end processes, provide control and transparency as well as improve process efficiency.
Embed in your GRC program a friendly messaging interface, featuring pre-built conversations powered by artificial intelligence. Virtual Agents help solve ordinary issues, minimize the learning curve for repeat GRC processes and automate your issue management and risk assessment process.
The KPMG Sofy Suite offers advanced, ready-to-use data-driven solutions that help companies make better business choices, manage risks and improve overall performance. Combining our knowledge, vast experience and unique capabilities with your data, Sofy Suite is the perfect solution.
KPMG has extensive experience and a tested methodology for delivering framework and technology solutions across the spectrum of governance, risk and compliance. We differentiate ourselves through the following:
We have the skills and knowledge to meet varied GRC needs across a wide range of industries.
Our teams ensure ideal outcomes across the project lifecycle, integrating the GRC solution into your daily business.
We have assisted clients in implementing holistic GRC solutions and in transitioning vendors with little disruption.
Our solutions accelerate the implementation of core GRC applications, together with our good contacts to providers.