Evangelizing Data Analytics being part of GRC
Often I am on stage promoting the BWise vision and BWise® GRC Platform and services that support this vision. Sometimes I am asked to not include any commercial information and limit myself to use cases. Apparently presenters from other vendors didnt do a great job in the past, because event managers are afraid that vendors present an advertisement of their product rather than sharing visions and translating technology into tangible business benefits that inspire people to evaluate innovative technologies if and when they become available.Read more
Is GRC more mature in emerging markets compared to Europe and the US?
Travelling to all continents gives me the ability to compare the level of GRC maturity around the globe. The view that seems to resonate with all insiders is that the US and Europe are the most mature markets with well established GRC silos in place such as departments for Internal Control (for financial reporting ICFR), Risk Management (RM), Compliance and Internal Audit. In heavily regulated industries such as banking, the companies in Europe and the US implemented GRC technology tools to support their daily work and to automate information gathering from the business in order to keep track of what is happening throughout the enterprise and to create board and committee reporting.Read more
Is Information Security Risk part of eGRC?
I was invited to the Information Security Workshop of the Saudi Arabian Monetary Agency (SAMA) in Riyadh. I presented a vision on information security relative to GRC. The first half of Day One, five keynote speakers were on the program; two of which came from The Netherlands. Apparently the historic ties between my country and the Kingdom still resonates. My fellow countryman represented the Dutch National Bank and explained the Dutch way of everyone working together to fight the ever-increasing risk to banking information systems by professional criminal organizations. In our country people from various entities in financial services, law enforcement and the government share resources and knowledge to develop best practices for defense. A governance structure organizes the sensitive exchange of specific information.Read more
Its really happening: IT and eGRC are growing towards each other
On December 10 2013 Luc Brandts wrote a blog about how the world of eGRC and IT GRC growing more towards each other. In January 2014 also Forrester underlined this development in their report, The Forrester Wave: Governance, Risk and Compliance Platforms, Q1 2014. And more recent we see that now also regulators are picking up this trend.Read more
GRC Solution for Leasing Companies
Today, together with KPMG, we announced our first Partner Based Industry Solution: a preconfigured GRC solution for leasing companies to enable them to create transparency and get in control on all their financial and operational risks at group level. The solution includes a waiver system that leasing companies need to stay in business and also ensures compliance at the same time. I truly believe these types of Partner Based Solutions are a breakthrough in the GRC market.Read more