GRC has evolved greatly over the past few years. It has moved on from a legal obligation (Basel II) with risk mapping to become a real dynamic for the running of a company, useful to its management and applicable to all sectors by offering control management systems, shared action plans and incident, claim and/or audit management.
Challenge: the need to adapt methodology and tools:
Given this new context surrounding GRC, “we are facing a new challenge… not only must we adapt tools to each sector’s requirements, provide ease of application and new design, we must also face the challenge of applied methodology having changed from qualitative to quantitative working,” explains Mr Alleaume. “There has been a move towards more decision-making reporting, indicators and everything relating to appetite for risk”.
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OXIAL is the Governance Risk and Compliance Software vendor and developer since 2005.
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