IT Governance is a subset of a company’s corporate governance strategy. As IT grows in importance in an organization and permeates a business, it presents risks for a company and it must be controlled. IT Governance focuses specifically on information technology systems, their performance and risk management. The primary goals of IT Governance are to assure that the investments in IT generate business value, and to mitigate the risks that are associated with IT.
Have your IT control in order
IT Governance compliance presents a myriad of challenges. Typically, many of the duties associated with IT Governance are performed by IT professionals who may not be informed of the requirements of compliance. Non-compliance, not having your IT controls in order, missing a deadline or reporting a ‘material weakness’ in your IT controls, can at times even result in a significant loss for the enterprise.
BWise can aid in the management of “general IT controls” as well as application-specific controls and assist in evaluating and assessing the related findings. BWise enables organizations to reduce compliance costs by automating key IT compliance processes, including policy management, risk management, operational control, monitoring, and continuous improvements and reporting. The BWise IT Governance template is based on COBIT™ 4.1 and will result in substantial cost savings and an improved return on IT investments.
Compliance with more than 400 IT regulations
BWise can also incorporate the Unified Compliance Framework (UCF) for better integration of IT controls in to your enterprise’s existing risk and control framework while mitigating IT compliance costs. UCF is an initiative to map IT controls across international regulations, standards, and best practices.
Integrated GRC Platform
With the BWise IT Governance template, organizations will be able to implement IT Governance in their organization, and also realize a better alignment of the IT organization with the business. BWise is an integrated platform for all Governance, Risk and Compliance management related projects. Using the BWise GRC platform a true alignment between stakeholders and IT management can be realized.