Committed to risk and compliance, business leverage»inno3

s solution Governance, risk with obey (GRC) gives the company the confidence to manage its business, innovate and gain the necessary competitive advantage Face and overcome current challenges Market recommendations. Make sure to always move within the scope of supervision. An important aspect, especially in the “flow” phase and context, such as the currentEuropean Union The ever-evolving national organization requires great attention from various types of organizations and any business field.

Therefore, the company is required Increase your resilience: This also means Acquire the ability to absorb ideas that quickly adapt to change, Also from program,rely on solution This may allow you to do agile, Reduce losses weather, so cost And worry.

Today, unfortunately, Many companies still lack a clearly defined GRC plan, They ignored the possibility of financing, thus giving up the “visibility” of risks-this is the first step to avoid and face risks.Coordination of efforts within the region Governance, risk with obey With the company’s priorities and the possibility of always having “true” information, it will help the company to act quickly and decisively.

Forrest The benefits of this method are accurately documented in a dedicated study, The overall economic impact of ServiceNow risk and compliance, From the beginning Photos of the real situation of the enterpriseFor example, due to the lack of a centralized source of information, the hundreds of spreadsheets that organizations use to store “compliance data” are almost unusable or difficult to track. still, Poor workflow organizationManaging in an unbalanced manner may result in compliance with only partial, inconsistent obligations and regulations, which can cause problems and inefficiency.

Have the ability to go Make a comprehensive report, Regularly, and corrected, with risk assessment and Relative operating situation It should not be a “mission”, but a “painless” automation.according to Forrest In fact, it doesn’t make sense Compliance and risk management process They do their best to maintain the business, not execute it, and the reason for this is usually the lack of appropriate technical solutions that can automate the process.

Reduce manual work in GRC area And ability Consolidate data electronic Mapping this information (For better analysis leads to practically usable insights), second Forrest On the contrary, they will bring benefits in terms of efficiency and resource optimization, reduce redundant activities and improve risk management. With the ability to integrate risk management and compliance, they can speed up the decision-making process.

This also means Able to face any disturbance more calmly Third-party supply (relative evaluation of the supplier) and lead to development Efficient business continuity management plan pass through Identify withPriority assignment To key business processes.with Accurate and timely report In this way, management can rely on effective tools to support the decision-making process. The result is here.

ServiceNow Risk and Compliance, Quantity Advantage

Forrest Use numbers to highlight scenarios and the advantages that can be gained by adopting advanced solutions Governance, obey electronic Risk Management. In particular, research Here comes the total economic impact of ServiceNow risk and compliance documents Financial impact ServiceNow governance, risk And compliance (GRC) In three years, it uses one The return on investment is 235% (Roi), The net present value (Npv) of the investment repaid in less than six months is approximately $8.6 million (see research).

more specifically, ServiceNow GCR It is allowed to reach a scenario where the company’s availability of qualification tests and reports is increased by 75%, as well as the assessment of supply risks due to automation, and Modern audit process and 4 hours per quarter follow-up audit time reduced For each individual process, Saving hundreds of thousands of euros in a three-year time frame.

The impact on the activities of first-line and second-line employees is also second Forrest Less than 75%, with additional details that may occur 40% accelerated disaster recovery response, Depend on Savings Approximately US$2 million in three years for key business services, especially Working hours of two full-time employees can be used for more efficient activities.

ServiceNow Governance, Risk and Compliance (GRC) Therefore, it helps to transform the inefficient processes of the “extended” company into a comprehensive risk plan. Through continuous monitoring and automation, ServiceNow provides a real-time view of compliance and risk, improves decision-making, and improves performance within the organization and suppliers.Alone Serve immediately Can combine business, security and IT with Integrated risk framework Turn manual labor, inefficient silo data, and poorly structured processes into Unified procedures based on a single platform. We discuss it in a dedicated contribution.

To learn more, download the white paper: A Guide to Governance, Risk and Compliance Use Cases

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