The Convenio governance, risk and compliance manager helps companies improve decision making and oversight of compliance initiatives by mapping organisational risks and controls to corporate policies, best practices and regulatory requirements and by managing the staffing and execution of all compliance work, such as remediation projects.
Convenio Compliance Manager maps risks and controls to your corporate policies, in addition to industry and legislative regulations and best practices. Thus, it optimises your controls so they rapidly integrate your future corporate and regulatory requirements into a single risk and controls portfolio.
The process that an organisation uses to identify potential risks, determine the impact of those risks, and consider means to mitigate those risks to an acceptable level based on the organisation's business objectives. Our solutions offers comprehensive software and professional services to help organisations measure, manage, and mitigate risk. The process that records and monitors the controls, physical, logical or organisational, needed to enable compliance with regulatory guidance, industry mandates, or internal policies.
Executives today are faced with many challenges as they work to meet their compliance requirements. Some of the most pervasive and difficult of these obstacles include:
• Multiple regulatory bodies and requirements.
• High cost of defining controls
• High cost of demonstrating compliance
• Allocation of resources away from key business initiatives
• Difficulty with ongoing sustainability of ad-hoc compliance projects
In general, the compliance needs of companies are both varied and complex. But, all require an optimal blend of centralisation, monitoring and reporting for effective oversight. The challenge is ultimately one of comprehensive and cost-effective management of risks and controls and the ability to answer questions on their status not to mention the impact of relevant regulations on these risks. In the event of control failures, an organisation should have notification mechanisms and procedures in place. And to facilitate and support higher-level decision making, there should also be visibility into the performance of controls and their impact on specific risks.
The Convenio Compliance Manager is committed to provide you with a unified, centralised view of compliance across your environment, allowing you to more effectively monitor and manage risks and controls throughout your organisation. Offering an extensible framework to manage your policies, risks, controls, regulatory requirements and compliance projects, Convenio Compliance Manager helps you efficiently and effectively manage your compliance efforts. And to help ensure success, it is designed to maintain the desired risk posture of your organisation and closely tracks compliance initiatives.