Glossary 

There are many terms and acronyms that are used in the fields of risk management and IT. Each of these terms has its own definition but can be applied to the Oxial solution we propose.
Thus, the Oxial sGRC solution covers the following terminologies: GRC, RMIS, SIGR, ERP, PGI, Software, Software, IT tool, Digital Platform, Software, Enterprise software, Digital Platform.

GRC

GRC = Governance, Risk & Compliance

Governance, risk management and compliance is the term covering an organization’s approach across these three practices: Governance, risk management, and compliance. The first scholarly research on GRC was published in 2007 where GRC was formally defined as “the integrated collection of capabilities that enable an organization to reliably achieve objectives, address uncertainty and act with integrity.” The research referred to common “keep the company on track” activities conducted in departments such as internal audit, compliance, risk, legal, finance, IT, HR as well as the lines of business, executive suite and the board itself.

RMIS  

RMIS = Risk Management Information System

A risk management information system (RMIS) is an information system that assists in consolidating property values, claims, policy, and exposure information and providing the tracking and management reporting capabilities to enable the user to monitor and control the overall cost of risk management.

ERP 

ERP = Enterprise Resource Planning

Enterprise resource planning (ERP) is the integrated management of main business processes, often in real-time and mediated by software and technology.
ERP isusuallyreferred to as a category of business management software (typically a suite of integrated applications)that an organization can use to collect, store, manage, and interpret data from these many business activities.This also applies to risk management, incident management, compliance management, …

Software, Enterprise software, IT tool, Digital Platform

Enterprise software, also known as enterprise application software (EAS), is computer software used to satisfy the needs of an organization rather than individual users. Such organizations include businesses, schools, interest-based user groups, clubs, charities, and governments. Enterprise software is an integral part of a (computer-based) information system; a collection of such software is called an Enterprise system

Computer software, or simply software, is a collection of data or computer instructions that tell the computer how to work. This is in contrast to physical hardware, from which the system is built and actually performs the work. In computer science and , computer software is all information processed by computer systems, programs and data.

Computer software includes computer programs, libraries and related non-executable data, such as online documentation or digital media. Computer hardware and software require each other and neither can be realistically used on its own