Today, compliance officers are expected not only to know all of the laws that apply to their institution, they are expected to have at their finger tips detailed information about their compliance program, including their risk assessments, the status and effectiveness of the controls used to mitigate their risks and business owners of the regulatory controls. They are also expected to monitor compliance across the enterprise, drive self-assessments and testing programs, track compliance gaps and remediation efforts and provide clear and concise reporting to senior management and the board. Unsupported, compliance officers must rely on numerous spreadsheets, emails and memos that are not linked and don’t provide the enterprise-wide picture. The time invested in organizing and tracking all the individual reports takes away from their other critical tasks.
The clear answer is a GRC software tool that reduces the complexity, is simple, pleasant and easy to use and engages the business in the compliance process. And, while the goal is easy to state, taking the complexity out of the compliance process requires not only a strong software platform, it also requires a strong understanding of the regulatory requirements and how they apply to your business and they way it is organized.
That is why we partnered with Resolver. Resolver is the risk backbone for over 1000 of the world’s largest organizations. Their cloud software takes the uncertainty from risk based decisions, so that their customers can perform as planned. Resolver’s integrated platform supports application areas including Risk Assessment, Internal Control, Internal Audit, Compliance Management, Enterprise Risk Management and Incident Management. Resolver’s team is comprised of security, risk, and compliance experts supporting customers across 100 countries with offices in North America, United Kingdom, the Middle East, and Australia.
To find out more about :Resolver and the RCM Solution, please visit their website at www.resolver.com.
To arrange a demonstration, please contact us or Resolver at firstname.lastname@example.org.