QGRC - Governance, Risk and Compliance

QGRC - Governance, Risk and Compliance

QGRC (Governance, Risk, and Compliance) solution is an integrated system designed to help organizations achieve their objectives reliably by managing uncertainties and ensuring compliance with international standards. Aligned with ISO 31000 and methodologies from the Internal Control Institute (ICI), QGRC streamlines risk assessments, internal controls, and audit processes.

Key Features of QGRC:
• Risk Assessment: Utilizes a pre-installed risk methodology, enabling organizations to conduct risk assessments efficiently. This approach facilitates the identification, analysis, and evaluation of potential risks that could impact organizational goals.
• Process Management Integration: Combines risks and controls within the process management module, offering a comprehensive view of the organization's control environment. This integration ensures that all processes are aligned with risk management strategies, enhancing operational efficiency.
• Internal Audit: Supports process and risk-based internal audits, automatically communicating findings to relevant parties to maintain governance standards. This feature ensures that any discrepancies are promptly addressed, promoting continuous improvement.
• Action Planning: Facilitates the implementation of corrective actions based on audit findings or risk assessments, assigning responsibilities, setting deadlines, and tracking progress to ensure timely resolution of issues.
• Policy and Procedure Management: Manages document-related processes such as preparation, revision, cancellation, review, control, and approval in a digital environment, ensuring compliance with management system standards.
• Incident Reporting: Enables reporting of incidents and non-compliance related to operational, compliance, financial, and strategic threats, ensuring that relevant measures are taken promptly.

QGRC provides a holistic approach for organizations to strengthen governance, effectively manage risks, and ensure compliance with regulatory requirements. By integrating various modules, it enhances operational excellence and minimizes potential risks, safeguarding corporate reputation and ensuring adherence to legal standards.