Multi-National firms usually have the resources in each jurisdiction and business area in which they operate.
The challenge faced by multi-nationals is managing compliance resources operating in many locations and optimizing existing processes/checks and controls.
Operating compliance teams in multiple locations requires greater oversight.
GRC-Maestro supports access/reporting segregation based on regulatory and operational requirements.
Many jurisdictions have esoteric requirements not supported by group systems.
GRC-Maestro gives firms coverage of non-standard regulatory requirements specific exotic jurisdictions.
The data for compliance in newer jurisdictions is often not stored in the firm’s core systems.
GRC-Maestro allows Users to reference data in third party systems, Excel or other sources and still run compliance checks.
Large firms can use GRC-Maestro to augment their existing systems and as a tactical solution when new regulations or requirements emerge.
GRC-Maestro gives management assurance that their firm has comprehensive Governance, Risk & Compliance (GRC) across the firm.
Wherever a firm has manual processes and checks, they can leverage the power for GRC-Maestro to:
- Automate Manual Checks – run checks on data to identify potential GRC issues and flag them for investigation
- Formalized Processes – ensure staff follow the correct processes
- Record Keeping – ensure the required records are kept
In addition to the above, firms can used GRC-Maestro data to feed their internal Business Intelligence (BI) for management reporting.