Vital Risk Insights

Vital Risk Insights

The role of business intelligence software to monitor indicators of governance, risk and compliance (GRC).

Related content

Vital Risk Insights

Risk intelligence solutions

KPMG’s Global Risk Survey, Expectations of Risk Management Outpacing Capabilities – it is Time For Action found that risk management is at the top of the global executive agenda as companies face an array of threats that grow more complex by the day.

One of the leading insights to come out of the survey was that a risk program can only become fully operational when all the C-level executives are using risk management as a tool for collaborative decision-making. This can be done by embedding it into management routines (such as strategic planning, management risk committee meetings, budgeting, and corporate policy-making). The use of GRC Dashboards is an excellent way to harness technology and innovation in order to enable the embedding of risk into management routines.

In this report, we look at business intelligence software and how an organization can distill an overwhelming amount of data into a key set of governance, risk and compliance monitoring indicators. Business intelligence software is an imperative for leading companies that need to keep their finger on the pulse of performance. Risk intelligence solutions are becoming a game-changer for tracking the effectiveness of GRC activities.

Where no such applications are in place, a company has an opportunity to design executive dashboards that integrate performance data, risk indicators and information related to GRC. For companies that are already using business intelligence dashboards to track performance data; the report highlights the value of expanding these applications to create dashboards for internal GRC stakeholders.

Internal audit risk & compliances services

IARCS provides strategic sourcing of internal audit; continuous auditing/monitoring; ERM; governance and regulatory compliance.

 
Read more

Governance

Effective corporate governance encompasses board relations, internal control system, risk management, compliance management and internal audit.

 
Read more

IT advisory services

The right technology, implemented properly, appropriately managed and monitored, can lead to significant gains in growth.

 
Read more

Risk consulting

Risk management should be embedded within the culture of the organization so that everyone is focused on managing and optimizing risk.

 
Read more

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.