Traditional GRC solutions focus on individuals and individual functions within an organization, which inhibits the ability to understand risks at an enterprise level. Leverage Mavim to create insight into the entire risk landscape and to communicate those risks with the business. According to industry analysts, forecasting critical risks is getting increasingly difficult and the leading obstacle is the inability to facilitate cross-organization collaboration. Mavim provides a user-friendly solution, built upon Microsoft Office 365, that facilitates enterprise-wide collaboration.
Drive Business Results
Many organizations find themselves managing their governance, risk and compliance initiatives in isolated silos. Yet, the ever-growing regulatory environment and increased focus on accountability makes it imperative to manage risk and compliance initiatives in an integrated fashion. Mavim for Governance, Risk, and Compliance (GRC) helps organizations determine how changes in laws and regulations will impact business processes, related business units and overall corporate strategy.
Audits are an expensive and disruptive process for most organizations. However, using Mavim for GRC will help increase the efficiency of internal and external audits. All documentation and it’s organizational context can be stored and managed directly from Mavim, which allows you to stay audit-ready. This helps reduce operational disruption by limiting the number of search/gather exercises that an organization experiences every year.
Deliver on Corporate Strategy
Better risk management leads to a reduction in extinguishing small fires, which creates more focus on substantive issues and corporate strategy. Increased transparency into risk and compliance results in a more efficient and effective organization and improved business performance .When it is clear who does what, when and how, the auditor can quickly see that the business is compliant.