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“Where many may perceive higher cost with greater value, this is not the case with Symbiant as they deliver an affordable solution with very robust features that enable organisations to manage GRC.” -Michael Rasmussen, GRC 2020
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AI and Risk Management In the realm of risk management, AI (Artificial Intelligence) integration stands out as a noteworthy development that plays a pivotal role in ensuring the stability and success of organisations across industries in today’s business landscape. AI
What do they mean, and what is the connection? ESG – Environment, Social and Governance GRC – Governance, Risk Management and Compliance. ESG Environment:Â involves more than just climate change; it also includes how the business deals with carbon emissions and
The History of Web-based GRC Solutions Do you know when the first web-based, collaborative Governance, Risk & Compliance (GRC) solution was launched? The answer is 2002. We know that because Symbiant developed it. Our Symbiant Risk Suite had risk registers,
Introduction “GRC stands for Governance, Risk, and Compliance and is a concept that was originated by the Open Compliance and Ethics Group (OCEG) in 2002.” [1] In today’s rapidly changing business environment, organisations face many challenges, such as increasingly complex regulatory
How to create your Risk Register We often get asked when setting up a new risk platform, “Where do we start”? and the answer is simple – start by logging your business objectives. The international standard on risk management ISO
Overview Whether we like it or not, risks form part of any corporate landscape, from small enterprises to global multi-corporations. Hazards include but are not limited to reputation, legal, governance, compliance, financial, and security. Due to the high prices of
What Is Monitoring of Controls? Monitoring of Controls is a process that ensures your organisation’s Controls are effective, timely and justified. Having a view over all your Controls is critical, especially for compliance regulations. There is an ever-increasing pressure to
The Symbiant Risk Workshops One of a risk managers’ biggest dilemmas is achieving company-wide participation in the organisations’ risk management process. Every Risk Manager knows the benefits of departmental managers collaborating in the organisation’s risk program. Obviously, it’s also a