GRC 20/20 Research, LLC

Restructuring Third-Party Risk Management: Meeting Challenges with a Holistic Approach The breadth of #thirdpartyriskmanagement strategies and programs are undergoing a seismic shift within organizations. Over the past several months, I’ve observed a dramatic uptick in the number of organizations issuing requests for proposals (#RFP) for #thirdpartyrisk management solutions and asking my advice on what solutions, services, and intelligence they should consider in these. This surge reflects a growing awareness of the need to rethink and restructure how businesses govern their extended enterprise. There are several RFPs that I have interacted on where I have flat out stated they need to look at different solutions as they ones they are down to will not deliver on the breadth and complexity of the program they are trying to achieve. Driving this urgency is a wave of regulatory developments that are reshaping the expectations placed on organizations. The #EU #CorporateSustainability #DueDiligence Directive (#CSDDD) looms . . .

SmartSuite Next-Generation #AgileGRC #Enablement Organizations need an agile #GRC solution that’s not only next-gen in technology but also agile and aligned with business processes and activities. #Nocode, business-integrated #GRCplatform allows for seamless integration of #riskmanagement, #compliance, and #internalcontrol into the business, providing a clear and comprehensive view of the organization’s risk landscape. The result? A GRC approach that empowers organizations to reliably achieve their objectives, manage uncertainty, and act with integrity—all while staying agile, efficient, and resilient in the face of constant change. It is time for GRC to stop being a burden and become a true enabler of business success. SmartSuite is a solution that GRC 20/20 Research, LLC has researched, evaluated, and reviewed with organizations using in distributed, dynamic, and disrupted business environments for GRC purposes and broader business management use cases. SmartSuite is a next-generation platform for many organizations’ processes, including GRC. In a GRC context, it can manage a range of specific risk, compliance, and internal control initiatives across the business and be the backbone of a broad GRC program. They deliver a no-code agile cloud solution with a modern information architecture and intuitive user experience. https://lnkd.in/dnuyQYkP

Regology Enabling #RegulatoryChange & #ComplianceManagement Organizations should act now to implement #AI-driven solutions that automate #regulatoryintelligence, manage #compliance workflows, and ensure timely responses to regulatory changes. By doing so, they will reduce #operationalrisk, improve regulatory outcomes, and free up valuable resources to focus on innovation and growth in an increasingly complex regulatory environment. Regology is a regulatory change and compliance management platform that GRC 20/20 Research, LLC has researched, evaluated, and reviewed with organizations across various industries. Regology is designed to manage the complexities of global regulatory obligations, providing organizations with a comprehensive, AI-powered solution to track, analyze, and implement changes in laws and regulations. This integrated approach empowers companies to stay ahead of regulatory updates and ensure compliance across distributed, dynamic, and highly regulated environments. https://lnkd.in/dUyb3kdH

MetricStream Connected GRC Integrating GRC to Enable Organizations to Thrive on Risk Success in connected #GRC hinges on a cohesive strategy supported by an integrated information and technology architecture that is agile, adaptable, and tailored to the organization’s needs. This architecture must offer a broad range of capabilities to address the interconnected domains of GRC while also integrating with other systems and information sources. The goal is to simplify complex information, making it easily understandable and providing comprehensive, actionable insights that support business decision-making and assurance. MetricStream, with its ConnectedGRC, is a GRC platform provider that GRC 20/20 Research, LLC has researched, evaluated, and reviewed with organizations that use it in distributed, dynamic, and disrupted business environments across industries and worldwide. MetricStream is one of the most established players in GRC, with a breadth of use cases and solutions to manage a range of risk and compliance processes. They can deliver solutions that address the depth of very targeted risk and compliance needs and bring this to an enterprise perspective to deliver integrated contextual awareness, what they call ConnectedGRC, across GRC. https://lnkd.in/dDbGW99U

As organizations rethink #compliance and #ethics, solution providers must take note. Employees want tools that are intuitive, immediate, and mobile-friendly, and that support them in real-world, role-specific contexts. Organizations should ask themselves: How effectively are we engaging employees in our compliance efforts? Are we still relying on outdated, passive methods, or are we evolving with the times? The future of compliance and ethics lies not in a stronger back office, but in a more engaged, empowered, and ethical front line. With the right tools, organizations can turn compliance from a static function into a dynamic force, aligned with business goals and embedded within daily operations . . .

The realm of #compliancemanagement is not for the faint of heart. It is a complex, ever-evolving landscape that can create sleepless nights and anxiety-filled days for #compliance professionals. My Compliance Management by Design Workshop in London this week provided a vivid look into the collective concerns and “nightmares” of those in the industry . . .

The investment in robust #compliancemanagement #RegTech technology delivers significant returns by reducing manual efforts and costs, improving accountability, and ensuring regulatory adherence. Such a system strengthens organizational resilience by preemptively identifying and addressing #compliancerisk and enhances agility, allowing quick adaptations to changing regulations and internal dynamics amid #regulatorychange. HOWEVER, in this fast-evolving RegTech landscape, not all solutions deliver on their promises. Some remain more marketing than reality, falling short in functionality or integration. For a clear understanding of which RegTech solutions truly add value and enhance compliance capabilities, reach out to GRC 20/20 Research, LLC. Our market research and expertise can help you navigate the market, ensuring you select a solution that genuinely meets your organization’s needs . . .

The multiverse is a powerful metaphor for the future of #GRC and #riskmanagement. In a world where the future is uncertain, and multiple possibilities exist, organizations must move beyond traditional, rearview-mirror approaches to #risk (acknowledging there is still a place for this, but it is not the focus). They must embrace both left-brain logic and right-brain creativity to explore different scenarios, prepare for a range of outcomes, and build the resilience and agility they need to succeed. By leveraging #riskintelligence, forward-looking strategies, and creative approaches such as #microsimulations, #wargaming, and #scenarioanalysis, organizations can not only navigate the complexities of the multiverse but also turn #uncertainty into a strategic advantage. In doing so, they can achieve and exceed their objectives, no matter what the future holds . . .

RiskSpotlight Portal: Enabling Organizations with #OperationalRiskIntelligence #Financialinstitutions require a modern #operationalrisk landscape with accurate and actional operational #riskintelligence information. Legacy practices—such as periodic assessments, manual processes, and siloed oversight—are no longer sufficient to manage the complexities of today’s #financialservices environment. Institutions must embrace operational risk intelligence solutions that provide continuous, real-time situational awareness across all risk vectors to mitigate operational risk effectively. Institutions need to invest in operational risk intelligence solutions that integrate data from across the industry and worldwide, providing a single pane of visibility into developing operational risks that can impact the organization. These solutions leverage automation, artificial intelligence, and data analytics to continuously monitor risks, identify emerging threats, and enable proactive risk mitigation. By adopting a full-spectrum, real-time approach to operational risk management, financial institutions can be proactive and not just reactive in forecasting, managing, and mitigating operational risk exposure. RiskSpotlight is a solution provider of #AI-enabled operational risk intelligence that GRC 20/20 Research, LLC has researched, evaluated, and reviewed with financial services organizations using in complex, distributed, and dynamic business environments. RiskSpotlight has developed an operational risk intelligence portal (RiskSpotlight Portal) that leverages AI and subject matter expertise to make operational risk management and the intelligence it needs to be efficient, effective, resilient, and agile. The solution provides an integrated approach to managing the operational risk intelligence lifecycle within organizations, providing a single source of truth on operational risk events and developments external to the organization and their potential impact on the organization. Do you have a question about RiskSpotlight or other risk and resilience management solutions available in the market? Ask GRC 20/20's Michael Rasmussen https://lnkd.in/d4y7iKs3

The modern #regulatory landscape is evolving at an unprecedented pace. Organizations across industries are facing a deluge of new #regulations, amendments to existing #laws, and #enforcementactions that can overwhelm #compliance teams. This is particularly evident in industries like #financialservices, where regulatory scrutiny is intense and constantly changing. Yet, the challenge of managing regulatory change is not limited to financial services; it spans all sectors as organizations face complex and overlapping compliance requirements. To effectively navigate this environment, businesses must adopt automated solutions that streamline #regulatorychangemanagement and ensure #compliancemanagement . . .