Provider of consulting, technology and outsourcing solutions, Capgemini (News - Alert) has launched a unique service to help organizations manage their governance, risk management and compliance (GRC).
The new GRC-as-a-business-process service aims to enable proactive risk assessment, deliver improved compliance and reduce costs via a framework powered by innovative tools, best-in-class processes and domain expertise that includes a global process model (GPM) control library; rightshore expert network; and Capgemini’s business process analytics.
The demand from regulators, ratings agencies, shareholders and customers for greater transparency is rising, said Christopher Stancombe, senior vice president of finance and accounting for business process outsourcing at Capgemini.
“We are delighted to launch this new offer which intends to provide CFOs, CIOs, COOs and CEOs with a unified view of risk management and compliance across their business,” Stancombe said.
In an integrated manner, the new service is expected to manage GRC requirements using technology platforms and Capgemini’s Global Process Model, delivering a continuous monitoring and analytics approach.
With the launch of this new service, the company expects to help enterprises proactively manage and mitigate risks in IT, finance and accounting, operations, statutory and regulatory compliance as well as improve control environments and reduce compliance costs.
Providing a holistic approach, the new offering ensures that GRC activity is no longer fragmented, but instead provides an integrated, centralized and uniform view, said company officials.
Moreover, it provides a set of process-based services to handle enterprise risk management, enabling the right technology and providing measurable outcomes via a GRC Control Center. Company officials said that the center provides a hub for driving uniform compliance and pro-active risk assessment across multiple geographies and multiple functional areas -- access control, finance & accounting, legal & regulatory, tax compliance, operational and IT --without duplication of efforts.
Company officials said that the GPM control library features more than 800 best practice controls based on hands-on experience, tailored to each customer to uncover areas for potential improvement.
The rightshore expert network consists of professionals from over 500 qualified certified public auditors and certified information systems auditors in over 40 countries and Centers of Excellence in India, China, Brazil and Chile and local centers in North America and Europe. Recently, Capgemini China enabled Kronos (News - Alert) to extend their reach into the Chinese market.
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Edited by Brooke Neuman