Managing Risk through Financial Processes: Embedding Governance, Risk, and Compliance

  • Source: The Economist
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Initiatives to automate and streamline financial processes often focus more on reducing costs than adding value. Adding the kind of value you should have in your financial processes stands at the heart of a broader initiative known as governance, risk, and compliance (GRC). Learn why embedding the components of GRC within your financial processes can help you track financial flows and alert you when things might go awry.

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A Business Risk Approach to IT Governance

  • Source: IBM
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As corporate IT infrastructure increases in size and complexity, corporations are recognizing the need for a better mechanism for assessing IT’s role and alignment to the key corporate initiatives. What began as a series of best practices has evolved into the field known as IT governance. This white paper is for business and technical people and introduces the key concepts and challenges with IT governance and the IT governance solution provided by IBM. Read More

KLP Empowers the Front and Middle Office with Advanced Risk Analytics

  • Source: IBM
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In order for your business to thrive, you need to make good financial choices. Paying attention current risk is vital, but so too is preparing for possible risk through the use of modeling solutions. Once you have solid risk analytics software in place, accessing the data has to be easy, or else you’re not reaping the full potential rewards of modeling.

IBM provides refined, flexible cloud-based solutions that are able to support a wide array of customization options. This allows your business to develop a modeling solution specific to your organization’s needs, optimizing and making the performance of risk management tasks across the entire organization much less difficult. The ease of user adoption means that information gained from risk modeling via IBM’s Business Analytics software can be integrated into the day-to-day activities of your business. Cloud-based technology is also easier to run and use, demanding less IT hours.

Putting IBM’s easy-to-use and simple-to-understand analytic tools in the hands of anyone who needs them means decision making can become more strategic, allowing your team to reach objectives quickly and smoothly. In this case study, learn how IBM’s Business Analytics software can help your organization excel in their fields by identifying market trends, developing budgets according to real-time data results, determining possible problem areas to avoid or resolve, and read how IBM Business Analytics can help with compliance. Learn how scenario comparison and customer analytics can affect your business, and how to use them to your best advantage.  Read More

Credit Risk Management: Collateral, Covenants and Risk Review

  • Source: IBM
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If your organization is still managing credit risk manually, you could be leaving your company open to experience significant losses and complications that can harm its financial well-being. Multiple systems, piles of paper, inconsistent or out of date information- all could end up costing your company dearly. Today, the best way to ensure that credit risk is being appropriately monitored and managed is with the adoption of an automated system. With the implementation of an automated system, accuracy of data and efficiency of execution are significantly improved, and risk is monitored in a superior and more effective manner.

In this white paper, IBM highlights the benefits that an automated system for credit risk management can bring to your organization, including a reduction of human error on multiple levels, a marked increase in compliance, the capability to quickly track a data trail, and the capacity to effortlessly update and upgrade across multiple accounts and systems. Automation means valuations are up to the minute, and that transparency is increased. Document imaging, data entry, and automated workflow can resolve many problems previously encountered with manual procedures.

IBM’s Business Analytics offers a comprehensive 5-point action plan involving the importance of automating collateral processes, how to consolidate diverse systems and data, the benefits of automating collateral and covenant monitoring to reduce risk with the latest available information, and how automation supports release processes for minimized risk. Credit risk management can be modernized and refined as a result of changing towards an automated system. Read More

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Enhancing Governance, Risk, and Compliance through Effective Access Risk Management

Regardless of the size of the organization, embedding governance, risk, and compliance (GRC) management into all business process is imperative. But most organizations are reactive rather than proactive when it comes to undertaking a risk management initiative. Leading companies identify building a risk-aware culture as a key strategy. Read on to find out more about ways to enable effective access risk management. Read More

Enhancing Governance, Risk, and Compliance through Effective Risk Management

Embedding governance, risk, and compliance (GRC) management into all business process has become imperative. Companies need to adopt a holistic view when it comes to reducing and managing risks, and ensure better access risk management. This paper discusses the need for companies to take a proactive approach towards access risk management. Read More

Governance, Risk, and Compliance Management

  • Source: SAP
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Governance, risk, and compliance (GRC) issues are hot topics today, thanks to high-profile stories about companies that failed to meet regulatory requirements. In each case, executives were held accountable, stock prices dropped, and brand image suffered. Find out about cross-enterprise GRC solutions that can make it easier to monitor compliance and risk effectively, and adjust to changing regulatory mandates. Read More
 
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