The Maestro-Solution for Outsourcing Management consists of a collection of…
"Responsibility can't be outsourced"! Service providers have to be pro-actively managed.
Outsourcing is common and increasing as businesses focus on their core value add. But outsourcing has serious implications for your business because you remain regulatory liable while loosing day-to-day control and visibility.
Regulators impose very strict rules on outsourcing, whether within a group or outside. The rules cover all stages of outsourcing, from selection to ongoing monitoring and termination.
GRC-Maestro helps firms ensure their outsource service providers are operating in compliance with their Contracts/SLAs.
Using GRC-Maestro, firms can evidence full compliance with statutory/regulatory rules, best practices and internal controls: