GRCi - “A Good Reason for Continuous improvement”

Companies in every industry today are bound by guidelines for governance, risk and compliance. Each is subject to different areas of scrutiny in varying areas of operations. Regardless of industry, however, successful companies reach corporate accountability by proving to stakeholders that their business is reliable, compliant, and sustainable.  Achieving this level of operations and reporting requires a unified GRC strategy that guides people, standardizes processes, and integrates technology to embed governance, risk, and compliance (GRC) at every organizational level.

Despite investment in risk control and risk management disciplines, significant risk failures persist. While isolated incidents of one-time governance failures are bound to occur, long-term systemic failures are more than just an isolated anomaly. Fingers often point to the "operational risk management" function as the guilty assurance party, but these failures are the result of much more than a couple of overlooked risk assessments. These failures point to the fact that the assurance functions of internal audit, incident, investigation and remediation procedures, risk management and compliance in most cases do not share business processes, terminology, technology or a common assurance methodology.

Historically compliance has been the factor that most significantly impacts the adoption and acceleration of GRC initiatives. However, the fact that internal policies and procedures has emerged as the most important standard/regulation driving investment in GRC solutions, ahead even of government regulations such as SOX, indicates the development of a shift from compulsory regulations being the primary driver of GRC implementations, to organizations implementing GRC programs because it makes good business sense.

Pilgrim Software recognizes that good corporate governance is inextricably related to the employment of structured processes and risk management procedures to ensure an organization's operational effectiveness.  Pilgrim provides a flexible framework to streamline governance programs, policies and procedure management, change management, auditing and control processes, and training mandates ensuring corporate governance compliance and improving accountability and communication and the adoption of corporate governance principles and best practices.

Pilgrim’s GRC solutions promote corporate accountability by unifying corporate strategy, control initiatives, opportunity discovery, and loss mitigation across the extended enterprise. Managing GRC across the extended enterprise allows processes and strategies to be evaluated within the company and extended to partners, suppliers, and customers – truly representing the reach of the enterprise.

With Pilgrim’s solutions, organizations benefit from:

Increased Shareholder Value: Good corporate governance translates to better brand and reputation resulting in stock price premiums.

Improved Control and Visibility: Compliance dashboards and data analytics provide control over and visibility into compliance-related business operations and lower risk exposure.

Reduced Compliance Costs: Integrated corporate governance, risk management, and compliance processes leads to significantly lower compliance and governance costs.

Improved Business Performance: Progressive governance practices and robust risk management lead to better operating performance for the business.

The foundation of any effective enterprise GRC strategy is a compliance program that integrates into the operational functioning of the organization. Effective, efficient and responsive management of compliance activities related to laws, regulations, and standards and internal policies is key to the success of the GRC initiative.

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