A common misconception regarding IT GRC is that IT threats are only problems for governments and Fortune 500 companies; however, all businesses, regardless of size need to ensure adequate IT risk management strategies are in place. The rise of cloud networking, remote working, and digital collaboration have made companies more vulnerable than ever.
Co-founder and co-director of the Laboratory of Market Research (LEM), Emmanuel Fragnière is Professor at the University of Western Switzerland (HES-SO). Holder of the CIA (Certified Internal Auditor) and a PhD in SES of the University of Geneva, he’s specialised in risk management, particularly interested in the use of market research to understand the challenges of trading raw materials.
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.
GRC Pundit Michael Rasmussen and his team of analysts have assessed OXIAL GRC solutions.
Snapshot of the solution overview :
Agile. The market is inundated with GRC solutions that are frustrating clients because they are complex, time consuming, and take months to over a year to get working and then often only partly This is particularly true in risk management, but also in other areas such as third party management, and policy management. Oxial allows clients to be agile by delivering on time and on budget.
Intuitive. Oxial solutions are intuitive and easy to use, and becoming more so. Clients do not need to send staff through huge amounts of training and certification programs. Oxial delivers intuitive, engaging, and easy to use GRC at the business level as well as the back office of risk management and other areas of GRC.
Value. Oxial delivers results. The value of Oxial can be measured around efficiency, effectiveness, and agility. You make organization more efficient in GRC through human and financial capital efficiency. OXIAL can make organizations more effective in mitigating risk and meeting objectives.
Engaging. It appear that you are easy to work with. Oxial does the simple relationship things like pick up the phone, engage clients and expand their solution to meet client needs, you basically get involved in client relationships and never pass the buck. If something needs to be addressed – Oxial addresses it.
Depth. OXIAL has a competitive and feature rich solution. It has been built out carefully, instead of haphazardly put together to meet promises made in an RFP that did not really exist.
Spreadsheets, and their associates documents and emails, are the most prevalent GRC tool used by organizations. Their use comes at a significant cost if not controlled, monitored, and used properly.
Finance in Morocco is a growing market and catalyst for initiative. New markets, such as futures, are being set up and new reforms in securitization and venture capital activities are being enacted. As a result, there has been a desire to give more operational autonomy to market regulators like the financial market authority AMMC.
Throughout the private and public sector there is a growing need to embrace risk management strategies in order to remain flexible and resilient enough to weather global uncertainty. It is important to note that it is not just financial institutions and banks which need to manage risk, but rather all sectors can benefit from increasing their risk resiliency. The key is combined both agility and resilience into institutional planning, as one without the other merely adds additional risks.
Hammer Team, the Swiss software incubator, today announces its support for a new partnership that will combat the challenges of Enterprise Risk Management.
‘The aftermath of the 2008-9 financial crisis has lead to the most challenging economic environment in over seventy years. Many financial services companies have reconsidered their approach to financial and market risk, while having to give greater consideration to the social and economic impact of potential operational failures.
La Française AM (formerly UFG-LFP) took action before the crisis.
Following major investment in the company, Ariel Luedi becomes Chairman of the Board of OXIAL, the Swiss GRC software company based in Cham in the Zug canton of Switzerland. The company also has offices in Morocco, Paris, Geneva and London. Ariel is a serial entrepreneur. He was a major shareholder and CEO of hybris software for eleven years, helping to develop the company and position it as a global commerce leader. Ariel‘s role was also instrumental in driving the successful acquisition of the company by SAP in August 2013 for more than 1B USD. Prior to joining hybris, Ariel held various senior positions at Salesforce, Oracle and IBM. Ariel entered the realm of e-commerce in 1996 at BroadVision. Ariel studied Physics at ETH in Zurich.
Ariel Luedi – Chairmain of OXIAL
OXIAL’s expansion in the UK & Nordics with appointment of Head of Sales
To further the expansion of OXIAL, Darren Short is joining OXIAL UK Ltd. as Sales Director, UK and Northern Europe. Darren will be based out of the UK and will be responsible for generating sales across the region, working closely with the Swiss- and French-based OXIAL teams as well as helping to develop presentation and customer-facing collateral in English. He joins us with over 30 years of sales experience in the Information Technology and Services sector where he has held a number of senior UK and Global sales roles in companies such as LexisNexis UK and Thomson Reuters. Darren holds a postgraduate diploma in Management Studies from the University of West London and a HNC in Mechanical Production Engineering.
Darren Short – Sales Director, UK and Northern Europe
Changes to the regulatory environment
Since the outbreak of the 2008/9 financial crisis, a wealth of legislation and regulatory requirements have been established by authorities on both sides of the Atlantic. Considering the external risk environment, plus changes to internal business environments and the aforementioned regulatory enforcement, banks and insurance companies must strictly supervise their three lines of defence: risk, control and audit.
OXIAL provides next-generation GRC software solutions that eliminate the main flaws of current GRC software packages, like long implementation time and complex change management. OXIAL’s offering enables interoperable software modules for comprehensive management of risk, internal control and internal audit, allowing the safe and phased implementation of a tool for managing enterprise risk.
OXIAL has more than 75 customers in sectors ranging from Financial Services to Manufacturing and Insurance. With offices in Switzerland, France, Morocco and the UK, OXIAL has recently been named top performer in solution features by AMRAE (French Association of Enterprise Risk Management) – a testimonial of how innovation and risk management can go hand in hand. Our latest solution called OXIAL GRC EXPRESS can be implemented in just four weeks. For more information please contact: ariel.schvarzsteinAToxial.com
Zug Kanton – Switzerland
+41 31 528 24 83
France: +33 1 84 88 80 09
Geneva: +41 31 528 24 83
Morocco: +33 1 84 88 80 09
UK: +44 20 33 18 95 17