Eliminating Compliance Silos
The First Step Toward Automated GRC
When a company implements an integrated and strategic approach, however, automation of controls testing is seamless and transparent. It can be based on technologies that facilitate rapid reporting of operational activities against regulatory or business drivers. And it can also include federated monitoring and reporting of objectives among entities, partners and regulatory bodies, as well as applicable maintenance and repair.
Companies should therefore be careful not to allow their approach to risk management to become fragmented as they respond to new regulatory and market pressures. Instead, they should develop a strategy and implement technology that enables them to manage all of their risk-management activities under a common rubric. Only by taking such an approach can they fully minimize risk to the business while controlling the costs associated with risk management. Working toward enterprise governance, risk and compliance is a journey that requires people, process and technology together to adapt to today’s issues with tomorrow’s requirements.
Integrated Approach Pays High Dividends
The proper design and implementation of automated controls helps minimize exposure to risk. To achieve the necessary risk mitigation and return on investment, individual controls should be integrated as part of an overall "enterprise-controls" framework. Such an enterprise-level approach starts with a comprehensive, high-level understanding of risks and risk mitigation requirements. This ensures that an organization’s control strategy is tightly aligned with its business risk environment—which is often a complex combination of regulatory, operational and reputational concerns.
This strategy lays the foundation for governance, risk and compliance with continuous, proactive monitoring and reporting, independent of any specific need, requirement or regulatory driver. It allows companies to effectively:
- Track and measure risk as a component of the broader business;
- Monitor risk mitigation at every level within the business;
- Provide the right information before a regulatory audit; and
- React to and grow with changes in the risk landscape.
How CA GRC Manager Can Help
CA GRC Manager is an enterprise governance, risk and compliance solution that provides a foundational platform to support many facets of your GRC program.
The solution enables organizations to easily map internal policies, procedures, service-level agreements and regulatory requirements to existing corporate compliance programs and initiatives. CA GRC Manager helps organizations monitor risk and controls, provides enterprise visibility into performance, improves investment decisions and improves operational efficiency on an ongoing basis.
CA (Nasdaq: CA), one of the world’s leading independent, enterprise management software companies, unifies and simplifies complex information technology (IT) management across the enterprise for greater business results. With our enterprise IT management vision, solutions and expertise, we help customers effectively govern, manage and secure IT. Customers can evolve their IT operations from being reactive and focused only on technology to being flexible, adaptable and focused on serving the business. Today, we serve the majority of the Fortune® 1000 companies, as well as government organizations, educational institutions and thousands of other companies in diverse industries worldwide. To learn more, please visit
www.ca.com/grc