Governance Risk & Compliance – ARCM
Management of risk, compliance as well as an effective internal audit process are key to a banking and insurance company’s success in an increasingly complex and changing regulatory environment. Risk and compliance management with ARIS Risk & Compliance (by Software AG) deploys a process-focused approach for implementing and maintaining an integrated enterprise-wide risk and compliance management system effectively.
The ARIS ARCM module consists of integrated control systems management (GRC) solutions and is natively integrated with ARIS Enterprise. The solution is perfect for companies that want to ensure full risk control and adequate compliance.
The following describes what
ARIS Risk & Compliance Management can do:
RISK MANAGEMENT
From identifying, documenting and analyzing risk to monitoring it by running risk assessment campaigns
ACCIDENT AND LOSS MANAGEMENT
Manage workflows to identify, manage and report accidents and losses (Loss Data Collection)
INTERNAL CONTROLS SETTING
Define controls relevant to business risks. Create workflows to perform tests and ensure results are reported for auditing.
AUDITING
Plan, manage and perform audits and achieve a seamless audit trail in an integrated system and process-aligned database.
NEW PROCEDURES MANAGEMENT
Verify that employees follow standard operating procedures and ensure they have understood new processes, policies and guidelines
GDPR COMPLIANCE MANAGEMENT
Ensure compliance with the General Data Protection Regulation. Support compliance by conducting data protection impact assessments, investigations, and policy management.
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We have developed specific customizations of the ARIS platform (by Software AG) for the Banking and Insurance sectors. The solution is ideal for companies that want to document, analyze, and standardize their processes and ensure full control of risks and adequate compliance.
