Governance, Risk & Compliance Solution
No business operates in a vacuum. Today’s enterprise works within a complex and ever-changing regulatory framework that governs how it can act – with penalties if you don’t play by the rules.
The Mavim GRC application integrates business process management and risk management, allowing consistent connections between your risk operations, business processes, and strategic objectives. These links – up-to-date and in real time – bring together different areas of management and diverse departmental goals into a single, smoothly integrated structure that helps define and mitigate all risks associated with use, ownership, operation, and involvement across all areas of your business.
Perceptive GRC Software
It does it by letting you create and distribute processes and controls, then map them to regulations and compliance requirements – platform helps assess whether controls and processes have been changed, are functioning correctly, and improves risk assessment and mitigation. Along the way, improving efficiencies, reducing risks, and increasing business performance. Adopting it provides actionable insight into every area where GRC matters – processes, policies, and controls, and activities in IT, Finance, HR, and the C-Suite.
Mavim’s GRC Solution features include:
- Build a 360 risk and control universe connected to operational processes
- Govern regulation by connecting the dots between risk, controls and processes
- Use BPM to design, visualize, execute, and monitor GRC workflows
- See how key performance indicators connect to business processes and objectives in real-time
- Creates connections between your GRC workflows and Office 365 imported content, so you can create, reuse, and track risk mitigation efforts
- Manage data to measure, quantify, and predict risk—and determine a mitigation strategy
- Visualize audit management data to organize information and simplify internal audits
What is Mavim GRC ?
Mavim GRC is an integrated suite of software capabilities for implementing, managing, and optimizing an enterprise-scale GRC program. A GRC solution provides a set of practices and processes that give a structured approach to aligning risk practices with business objectives – all helping your organization manage IT and security risks effectively while reducing costs and staying compliant. It also helps improve decision-making and performance by giving an integrated view of how well you’re managing it all.
Customer Profile I 4PET
Waste plastic doesn’t arrive ready to recycle. It needs processing. And that impacts laws about water quality, worker safety food handling and a hundred other areas. Fred Koning, director of operational excellence & external affairs at 4PET; Mavim doesn’t just give us forms and documents for compliance. It connects to the actual business processes in our plants, following their inputs and outputs in real-time. Which means the data is real-time, too. This simplifies things. For example, when different agencies need similar reports and audits – as often happens – they can be answered by a single process, a single control. And it lets us map our compliance controls – the criteria we need to follow - onto the actual processes they relate to, as they happen. So staying compliant doesn’t mean interviewing someone, or compiling spreadsheets, or searching for last month’s data. The information’s all there, ready to consult as needed.
Capabilities
One Repository
Mavim acts as a single source of truth for communicating compliance information to both internal and external stakeholders.
Multi Compliance Framework Support
Mavim provides a number of pre-configured frameworks to simplify the journey to full compliance.
Measure & Monitor Key Risks
Map & tag key risk indicators in Mavim in order to receive (near) real-time insight into breaches as they happen.
Reports & Dashboards
Risks, controls and impact can be visualized in any BI tool to simplify the conversation about impact with business end-users.
Why GRC with Mavim ?
Mavim GRC is an integrated suite of software capabilities for implementing, managing, and optimizing an enterprise-scale GRC program. A GRC solution provides a set of practices and processes that give a structured approach to aligning risk practices with business objectives – all helping your organization manage IT and security risks effectively while reducing costs and staying compliant. It also helps improve decision-making and performance by giving an integrated view of how well you’re managing it all.
Benefits of the Mavim GRC solution:
- Increase efficiency
- Manage and reduce risk
- Meet KPIs with strategic support
- Boost Return on Investment
- Decrease cost of addressing risks
- Manage complexity of third-party relationships and risks
- Balance interests of different corporate stakeholders
Benefits of combining GRC with BPM
The most effective approach to governance and compliance is to align GRC guidelines within an organization’s processes and workflow – because it creates consistency and establishes the right behavioral mindset for anyone working with operational processes. Using Mavim’s BPM and GRC in tandem allows employees to collect data from across work streams and data sources and use them to identify, manage, and mitigate risk. Process modeling, with its automated connections between people and resources, provides all the insights you need to check processes and GRC requirements are aligned.
- Consistency between processes and requirements
- Agile operations able to respond to change
- Automation of repeated processes
- Visibility of business-critical information
- Integration of interests across departments
- Aligned culture of compliance enterprise-wide
- Reduction in manual and repetitive work