The new service will manage GRC requirements in an integrated manner and deliver a continuous monitoring, analytics approach
Consulting, technology and outsourcing firm Capgemini has launched a new service that helps organisations manage their governance, risk management and compliance (GRC).
The new service will utilise technology platforms and Capgemini's Global Process Model to manage GRC requirements in an integrated manner for continuous monitoring and analytics approach.
With the new service, enterprises can manage and reduce risks in IT, finance and accounting, operations, statutory and regulatory compliance, improve control environments and reduce compliance costs, the company said.
The new GRC-as-a-business-process service will enable GRC activity to provide an integrated, centralised and uniform view, Capgemini added.
Capgemini claimed that the service provides a set of process-based services, enabling the right technology and providing measurable outcomes via a GRC Control Center which provides uniform compliance and pro-active risk assessment across multiple geographies and multiple functional areas, without duplication of efforts.
The new service is based on Capgemini's Global 1 Capgemini's Global Process Model documents best practices for every operational business process Process Model and leverages the BPOpen technology2 platform.
In addition, it is also claimed to enable proactive risk assessment, deliver improved compliance and reduce costs via a framework powered by innovative tools, best-in-class processes and domain expertise.
The Global Process Model (GPM) Control Library includes 800+ practice controls tailored to different customer to address areas for potential improvement.
Capgemini's new service includes a rightshore expert network that consists of a professional team of over 500 qualified Certified Public Auditors and Certified Information Systems Auditors in over 40 countries and Centers of Excellence in India, China, Brazil and Chile and local centers in North America and Europe.
The company said its Business Process Analytics will enable ongoing control analytics and unveil hidden risks.