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Accord for GRC ( Governance, Risk and Compliance) |
Accord is designed to support the corporate need for joined-up event management technology and reporting focused not only on the currently popular areas of GRC – Governance, Risk and Compliance, but also for non-financial regulation, Environmental compliance, Social and Ethical oversight and the newly emerging area of Supply Chain Governance.
Accord draws data from a wide range of disparate data sources, is easily scalable and can be used to
achieve the Governance requirements of an individual business unit/function or to
support and join together multiple enterprise wide initiatives when the timing or budget allows.
For those organizations that
have large and complex ERP systems, it offers an independent mechanism for verification of control suitability, usage and availability which can be used by business rather than IT experts.
Easy to use
Accord allows you to create and implement an almost
limitless number of rules for both your Financial and Non-financial
Governance needs.
Use the Simple drag and drop design tool
and clear step by step methodology to incorporate pre-built modules or create new rules and tests from scratch. Use the powerful console with display and reporting functionality to communicate to internal and external stakeholders as required and to enhance work flow and resolution ownership.
For more information on the modules and the console etc see "Accord - Detail".
The Console - a single point for display, work flow and reporting consolidation
Functionality embedded within Accord will enable work flow and reports to be generated to the console and will massively simplify the creation, publication and distribution of timely and actionable management information.
- Aggregate and manage the results from the various tests in one place
- Create a repository of historical data for exception based KPIs
- Demonstrate remediation activities – communicate upwards, downwards, sideways and to regulators
- Encourage a "best practice" approach to governance
- Distribute audit and KPI rules and ideas to a wider audience – heads of department etc
- Share ideas and templates for rule creation between business areas
- Automatically generate further alerts if attempts are made to "turn off" the functionality
- Fast and easy implementation of rules supports an iterative approach to development
- Reduce elapsed time between design and data feedback, which reinforces forward momentum for Governance within the organization.
- Web based management dashboard for simple and secure access
- Full audit history
Build rules for non financial governance
Accord is uniquely flexible and can be used in all areas of Governance, Risk and Compliance management, not just financial governance alone.
Using the “custom build” functionality and personalization features the powerful technology can be focused on, and create Consoles, Work flows and Publishing for a wide range of Governance and KPI metrics such as:
- environmental reporting
- operational risk management
- human resources and employee performance management
- corporate social responsibility
- resource and asset reporting
- supplier and customer behavior
- customer satisfaction
These areas are becoming increasingly important as all sorts of regulations and legislation are increasingly incorporating the need to measure, act and report on non-financial data.
For more details around this growing area please look at Compliance Frameworks, Regulations and Bodies and Basis for a Common Framework
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