GRC Academy
GRC ConvergenceOne Single Platform for Multiple GRC Applications Despite the obvious need for GRC convergence, only few organizations have succeeded in implementing a fully integrated platform for risk and compliance management, mainly due to the complexity of the GRC environment. Easy2comply's unique architecture enables building a common framework and repository for multiple GRC processes, while allowing each individual project to be managed separately according to its own time frame, functionality, methodology and workflow. Easy2comply offers a single software platform for managing multiple GRC applications. The software framework is composed of four logical layers built as a single data model. Common GRC Repository LayerThe bottom layer is a common data repository that stores all the building blocks that are part of GRC projects such as organizational units, processes, sub-processes, systems, risks, controls, loss events, scenarios, IT systems, financial accounts, and more. GRC Modeling LayerThe second common layer provides tools to design relations between the building blocks and efficient sharing of data between individual GRC processes and the common data repository. These tools enable identification, elimination and prevention of information and control activities. GRC Application LayerThe third layer rests on top of the first two common data and modeling layers. Each pillar here represents a specific application module such as: Internal Control Management (Sox, Turnbull), Operational Risk Management (Basel II, Solvency II), IT Risk and Governance (BCM, ITil, IT Security), Internal Audit Management and General Compliance Framework (Corporate Governance, Local Laws, etc.). Each pillar includes its own functionality, workflow and best practices. Common GRC Management LayerThe fourth common layer includes shared management facilities for communication, coordination, analysis and measurement of GRC processes. Authorized users can create and view reports, dashboards, what-if simulations, remediation plans and alerts. It is easy2comply's singular software architecture that provides the technological basis for enabling GRC convergence and a truly integrated GRC framework. |



