Governance Risk and Compliance
Growing shareholder and board-level performance demands. Enhanced industry-specific and governmental compliance and security regulations. Increasing business and operational risks inherent to global markets.
Amid these and other trends, the concept of governance, risk, and compliance (GRC) has become a frequent boardroom topic.
- What leading indicators do you use for decision making?
- Has your organization experienced a business failure due to inability to “foresee” risk?
- Do you have governance, risk, and compliance processes in place? If so, how mature—and how well integrated—are they?
- Is your GRC dashboard integrated with performance management?
Confront your key challenges in a changing business environment.
Traditionally viewed within separate organizational silos, governance, risk, and compliance today are converging to become an integrated enterprise framework.
An integrated GRC platform applies key risk indicators (KRIs) and key compliance indicators (KCIs) alongside your key performance indicators (KPIs) to provide a dashboard of information for decision making—expanding your visibility of external and internal business environments so that you can protect and grow value.
Integrate your key metrics to enhance decision making.
West Monroe Partners helps you align GRC elements and principles at the strategic, tactical, and operational levels to establish an effective framework for decision making and behavioral change—enabling a variety of economic and other benefits:
- Reduced costs
- Fewer gaps and errors
- Greater transparency
- Better information
- Enhanced ability to manage and deliver against stakeholder expectations
Our comprehensive GRC approach guides you throughout the governance, risk, and compliance lifecycle:
- Strategic planning
- Dashboards incorporating KRIs, KCIs, and KPIs
- Enterprise risk management
- Process management
- Performance management
- Policy lifecycle management
- Control and monitoring
- Audits and corrective action