To keep pace with GRC trends, a global telecommunications company decided to implement a TruOps integrated risk management solution that would automate and simplify its workflows. By deploying this solution, the client utilized an executive-level dashboard that enabled the management team to make proactive decisions. On-demand access to the dashboard delivered better communication and quicker problem-solving across the enterprise.
After undergoing a successful rebrand, the company conducted an evaluation of its risk management strategy and identified several deficiencies in executive reporting, global risk posture, and regulatory compliance. In an industry where risk-related needs are constantly changing, the executive team wanted to be proactive in managing potential threats.
While searching for a solution, the company identified these overarching GRC challenges to overcome:
• Manual and time-consuming reporting practices that delayed executive access to key data
• No central repository for corporate policies and controls and unavailability of regulatory compliance intelligence
• A reactive approach to identifying issues based only on external audits
• Lack of correlation between corporate policies and regulatory compliance mandates
• Long turnaround times in implementing new risk communication and awareness initiatives
• Inability to deliver regulatory change management success to key stakeholders.
After weighing the available options, the company looked to TruOps for an industry-leading solution that would integrate siloed GRC functions and deliver a holistic view of organizational risk. To accomplish their goals, they leveraged TruOps’ Risk Management, Compliance Management, and Issues/Exception Management Modules.
Due to the TruOps comprehensive dashboard, which provides continuous monitoring of 600 remediation plans and 200 tasks, the client can ensure that mistakes aren’t overlooked and all processes run smoothly. Siloed communication and cumbersome workflows are a thing of the past. To find out how TruOps can provide your company with a holistic view of your compliance posture, schedule a demo today.