Governance, Risk & Compliance
We ensure your GRC practices are effective and efficient.
Governance, Risk and Compliance (GRC) is defined as the integrated collection of capabilities that enable an organisation to reliably achieve objectives, address uncertainty and act with integrity. It includes the entire gamut of activities conducted in various departments such as internal audit, compliance, risk, legal, finance, IT, HR as well as the lines of business, executive suite and the board itself. We support organisations by streamlining governance, risk, and compliance practices, so they are all working towards the same goal and to ensure that the approaches used are effective and efficient.
An effective GRC strategy ensures that the organisation is taking a comprehensive look at risk across the organisation.
Why Governance, Risk and Compliance?
Governance, Risk and Compliance is a discipline that aims to synchronise information and activity across governance, risk and compliance in order to operate more efficiently, enable effective information sharing, more effectively report activities and avoid wasteful overlaps. Although interpreted differently in various organisations, GRC typically encompasses activities such as corporate governance, risk management and corporate compliance with applicable laws and regulations. With an effective GRC strategy, your organisation can bring together the various risk, compliance and governance functions into one single strategy.
The Value Propositions
Governance describes the overall management approach through which senior executives direct and control the entire organisation, using a combination of organisational information and hierarchical management control structures. It ensures that critical management information reaching the executive team is sufficiently complete, accurate and timely to enable appropriate decision making, and provide the control mechanisms to ensure that strategies, directions and instructions from management are carried out systematically and effectively.
Risk management is predicting and managing risks that could hinder the organisation from achieving its objectives under uncertainty. Risk Management is the set of processes through which management identifies, analyses, and responds appropriately to risks that might adversely affect realisation of the organisation's business objectives. Every aspect of every business has the potential for risk. It is practically impossible to avoid risks, and is certainly difficult to do so whilst also achieving successes. So risk management is the process to appropriately manage these potential risks.
Compliance refers to staying within both the mandated boundaries and the voluntary boundaries. Businesses must comply with various standards, laws and regulations to avoid the penalties that result from non-compliance. Compliance means conforming with the stated requirements. At an organisational level, it is achieved through management processes which identify the applicable requirements, assess the state of compliance, assess potential costs of non-compliance against the projected expenses to achieve compliance - and hence prioritise, fund and initiate any corrective actions deemed necessary.
We manage your risks, build your business resilience and accelerate your growth.
How We Do It
We take a comprehensive look at risk across your organisation to create an effective GRC plan. With the right tactics, structure and team in place, we are able to save time and support your company in achieving business goals by controlling regulatory and enterprise risks. As your organisation grows, a coordinated control over GRC activities is required to operate smoothly and effectively. Having guidelines that work in conjunction with your business increases the safety in your organisation, and it also gives you a safeguard in ensuring your corporate accountability is effectively planned, designed, and implemented across all functions.
We are a specialised risk management consultancy implementing the latest technologies and best practices for businesses to manage their risks, build their business resilience and accelerate their growth.
The Vision of Eagle Edge is to be the catalyst for risk transformation, resilience creation and growth acceleration of our client's enterprise value. We turn risks into opportunities.
Improved operational efficiency.
Creating a GRC framework often leads to automating common processes due to the continuous monitoring of controls, KRIs and exposures to risk. This results in more efficient ways of running operations and helps reduce duplicating efforts across your organisation.
Higher quality information.
By following an integrated approach to governance, risk and compliance, your management team will have a holistic view of the organisation as a whole, and therefore be in a better position to make more intelligent and productive decisions.
Offer better decision making and performance.
Greater oversight and fewer unexpected losses leads to a more accurate view of a company’s risk and compliance posture. Leaders can make better informed decisions about investments, development, and procurement. Better decisions lead to more successful product launches, market expansions, technology implementations, and partner engagements.
Yield consistent compliance and accountability.
Governance, Risk and Compliance helps identify, prevent, and communicate missed assessments or follow-ups. Automated processes remove the responsibility from employees and help managers keep on top of risk management and compliance tasks.
Ensure operational stability and reliable information.
Governance, Risk and Compliance goes on the offensive to help document and centralise risk and compliance knowledge, develop a strong risk versus reward decision-making culture, and create third-partner risk visibility and accountability. GRC also helps facilitate future forecasting, because anyone who needs it has access to updated, accurate facts and figures.
Within your GRC program eliminating friction and fostering understanding across teams and among executives and other key stakeholders improves overall communication. A well-run program ensures continuity and helps yield auditable records of past performance so your organisation can gain insights that might otherwise have been lost.