Leverage your SharePoint platform to deliver your GRC framework

Governance, Risk and Compliance (GRC) is a popular and broad term which put simply, provides a framework for collaboration between the traditionally siloed functions of governance, risk management, and compliance. Michael Rasmussen, who coined the term “GRC” while at Forrester, states  "It is to get different business roles to share information and work in harmony"

With collaboration as the watch word for not only GRC, but also widely used strategy methodologies, like the Balanced Scorecard, Microsoft’s SharePoint was the natural development platform on which to build our solution. As a leader in five Gartner Magic Quadrants - Portal, Enterprise Content Management, Search, Business Intelligence and Social Computing - SharePoint is one of Microsoft’s most successful enterprise solutions. It is also a solution around which a huge, and ever expending network of partners and application providers has focused development.

In the post-credit crunch age, many organizations are reviewing the technology they use for strategic processes, including GRC reporting.  Many of these organizations have SharePoint deployed but may not be fully leveraging their investment. StratexPoint is the only SharePoint application available today that fully supports and embeds collaboration into GRC processes. StratexPoint goes beyond traditional GRC solutions by offering a fully integrated performance and risk management solution that is specifically designed to support and align organization management information at both a strategic and operational level.

StratexPoint enables Risk-based Performance Management deployment across US retail bank network

Risk-based performance has been selected as the framework to support the roll out of an integrated, enterprise-wide performance and risk framework, after a rigorous proof of concept process.

This deployment will cover the entire US network of a US retail bank and will be enabled via StratexPoint, a SharePoint application for performance and risk management. Given the nature of this deployment with an emphasis on cultural change and the need to embed performance and risk management, collaborative nature of StratexPoint, the ease of roll-out to 1500+ users and comprehensive functionality was critical in the client’s decision-making.

Top 8 Benefits of the Risk-Based Performance Methodology

Risk-Based Performance Management enables:

1. Improvement of Delivery of Strategy

2. Decreased Capital Costs

3. Management and Monitoring of Risk Appetite and Exposure

4. Achievement of Performance Targets

5. Improvement of the Allocation and Utilisation of Capital

6. Reduction in Risk-related Losses

7. Simplification of Reporting Processes

8. Reduce the cost and burden of engaging with regulators