Governance, Risk and Compliance (GRC)

Regulatory guidelines for governance, risk and compliance span industries; each is subject to different areas of scrutiny in varying areas of operations. Regardless of industry, developing strong governance standards for automating, monitoring, enforcing and improving business processes is an effective methodology for reducing risk, achieving compliance and increasing cost-effectiveness. Good corporate governance is inextricably related to the employment of structured processes and risk management procedures to ensure an organization's operational effectiveness.

TrackWise GRC Solutions

TrackWise software enables companies to establish an enterprise-wide framework for consolidating, standardizing, and automating GRC processes. It increases accountability and transparency, enforces compliance with regulatory, operational, and commercial compliance requirements, and empowers organizations to manage risk at the enterprise level.

The flexible TrackWise architecture allows each organization to manage an unlimited number of GRC processes, connecting the operations of departments and functional teams across the organization. Hierarchal assignment of roles and responsibilities clarifies work assignments and enables each individual to perform operations according to pre-defined and approved processes. The result is a system that promotes informed decision-making, ensures corporate readiness, increases compliance, and streamlines operations.

GRC Process Management Applications

Incidents and Investigations

• Fraud
• Safety
• Liability
• Loss
• Whistle-blower
• Root cause analysis

Corrective Actions

• Policy and procedure
• Compliance
• Internal controls

Internal Assessments / Audit

• Control assessments
• IT assessments /audit
• Regulatory compliance oversight
• Risk analysis

Change Management

• Policy and procedure
• Risk models
• Operations execution
• Internal controls