The increased complexity and stakes of risk and compliance have resulted in strengthened demand for an understanding of the risks that face an organization. While this raises the profile of compliance and risk management with corporate leadership, it also presents new challenges. Few directors or senior executives outside of risk and compliance management have in-depth[…]
This blog is an extract from the white paper Managing Risk & Compliance Across 3rd Party Relationships, written by Michael Rasmussen of GRC 20/20 Research. The paper, in its entirety, can be found by clicking here. No company is an island. Organizations are a complex and diverse network of business relationships in which risk and[…]
This blog is an extract from the white paper Managing Risk & Compliance Across 3rd Party Relationships, written by Michael Rasmussen of GRC 20/20 Research. The paper, in its entirety, can be found by clicking here. DoubleCheck is a GRC solution that GRC 20/20 has researched, evaluated, and reviewed with organizations that are using it in[…]
SOX Compliance Solution Implementation Outcomes Having completed a full controls test management solution implementation from inception to user rollout in approximately 30 weeks, KBR reports an overall high level of satisfaction. This assessment is derived from reports with respect to a number of outcomes related to implementation processes and objectives, including: Timing: KBR completed its SOX[…]
Arriving at the implemented solution from the recognition of investment need is the result of a journey that begins with scoping need and business case and ends with technical implementation and rollout. Invariably, these processes are complex. Often, they are long, extending to a year or more of effort. Notably, KBR accomplished all of these[…]
Audit process automation addresses many of the issues associated with a traditional audit approach. In particular, a traditional audit approach does not adequately address the organizational complexity that the audit department faces. The traditional approach to an audit is spreadsheet-based and requires manual processes as data must be transferred from one best-of-breed solution to the[…]
Governance, risk, and compliance (GRC) solutions provide value by helping organizations to manage the complexity of information management, process execution, and stakeholder coordination within complex compliance or risk management operations. However, as highlighted in Blue Hill Research’s July 2015 Benchmark Report Contributors to GRC Implementation Success: Avoiding Worst- Case Scenarios, the value offered by these[…]
As organizations find increasing pressure both from regulatory bodies and other stakeholders both inside and outside the organizations to comply with a growing list of by laws and regulations, audit departments increasingly find themselves trying to navigate complex audit environments. A complex audit environment differs from a traditional audit environment based on a number of[…]
This research report summarizes Blue Hill observations and conclusions following a series of research interviews conducted between February and March 2016. The objective of this research was to investigate and analyze the relative impact and business value of the DoubleCheck audit process automation strategy, solution components, and value propositions described above among organizations confronted by[…]
Most GRC solutions include some sort of automated reporting, producing either preconfigured or customizable reports on organizational compliance and risk profiles, performance, and activities. These reports are generally used to understand current or historical performance, based on the data managed within the GRC solution. In their simplest variations, these automated reports replace any number of[…]
