Does My Business Need an Integrated GRC Software Solution?
Business leaders are often faced with tough situations. They are expected to deliver consistent performance whilst contending with issues inside the business and in the supply chain and regulatory environment.
With significant pressure and scrutiny to work under, Governance, Risk and Compliance (GRC) management is vital for a healthy, functioning business. In a nutshell, GRC is the integrated collection of business arrangements, capabilities and controls that enables organisations to reliably achieve objectives, address uncertainty and act with integrity.
However, even with this oversight, there are still issues that risk and compliance personnel will have to keep abreast of. Even managing GRC itself creates issues that can threaten to disrupt a company or breach regulatory and legal obligations. This becomes increasingly prevalent and exacerbated in larger, complex organisations.
Organisational Issues
One common problem is having many functions sending many communications in many formats. Senior leaders and managers may be unable to view GRC dependencies and relationships clearly and maintain information secure and accurately.
Legacy GRC solutions can limit correlation, comparison, and integration of information, with management distributed across many people and different functions. Slow response to changing risks, regulations and laws can prevent GRC managers from providing risk intelligence to inform strategy. The list goes on.
Disconnected departments managing GRC activities without collaboration will fail to see key interrelationships without a solid GRC architecture in place. They may lack shared processes and systems or find them difficult to establish, leading to high cost of consolidating information.
Enterprises that struggle to integrate GRC due to the complexity, cost and lack of interoperability can benefit greatly from establishing a common GRC architecture across relevant departments. This is where HAELO provides the solution.
The HAELO Solution
HAELO IO® is an enterprise GRC platform that offers a breadth of solutions in one place, allowing for extensive, agile and consistent GRC management. This proprietary technology architecture gives GRC personnel a wide range of cross-department GRC functions inside a single integrated ecosystem.
At its core, IO® provides functionality to help streamline and consolidate Risk Management, Compliance Management, Internal Controls and Issue Reporting. Additionally, it can serve IT GRC and health and safety functions, as well as audit, policy management and more.
Providing an organisation-wide view, the HAELO IO® architecture allows relevant personnel to make sense of complex data and convert this into actionable insight. IO® allows disparate roles within the organisation to be linked in a single information environment to drive effectiveness and agility. It gives context to data, increasing the speed, accuracy and frequency of threat detection and response.
This integrated approach balances GRC management centralisation with distributed participation and collaboration. This allows enterprises to collate GRC information, ensure the GRC strategy has an easy-to-understand, organisation-wide process. It also provides a 360° view of the business with contextual intelligence on performance and potential threats in each area.
Keeping Humans in the Loop
The IO® architecture provides a cloud-based single information environment that connects people and declutters data. It helps compliance and risk management leaders struggling to integrate GRC because of the complexity of their organisations, cost and a lack of interoperability between their existing frameworks and software solutions.
By providing a cloud-based single information environment that connects people and declutters data, HAELO helps insight driven enterprises to remain agile and responsive to the ever-changing business environment. Put simply, HAELO helps enterprises put insight and foresight in plain sight.
Our solution brings people together, enabling adaptive leadership via actionable insights from those you know best and trust the most; your people.
Get in touch today to find out more about HAELO IO® or arrange a demo.
