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[…]
Risk Management & Reporting For Enterprises Governance, risk, and compliance (GRC) solutions evolved in response to growing information and process complexity of compliance and risk management. Initially launched in large part by Sarbanes-Oxley requirements, GRC has evolved into a full enterprise application for compliance and risk management. While the GRC vendor landscape remains fragmented, the[…]
This is Part Two of a four-part blog series on ERM that is from guest blogger Michael Rasmussen of GRC 20/20 Research. To maintain the integrity of the organization and execute on strategy, the organization has to be able to see their individual risk (the tree) as well as the interconnectedness of risk (the[…]
Blue Hill Research found that companies experiencing Worst-Case GRC implementations largely shared: (1) limited consideration of underlying business needs and process change, (2) lack of involvement of IT stakeholders and consideration of IT needs in implementation planning, (3) big bang solution rollouts, and (4) a large degree of solution customization. The various delays and costs[…]
