Creating an Effective Business Case for an Integrated Governance Risk & Compliance Platform
In this continued age of austerity, partnerships and shared service approaches are becoming more and more prevalent across Local Government, creating an excellent platform for fiscally prudent service delivery.
Whilst these partnerships can be very effective, they also raise additional challenges and risks. Headline, critical issues that can arise from a silo approach to risk and oversight across such a shared working environment include:
- Lack of uniformity, leading to poor management information
- Abdication of responsibility, with unclear accountability links
- Missed emerging risks and missed opportunities
Shared working arrangements require an integrated approach to risk and oversight to ensure everyone within the chain is working in the same way This can only be achieved effectively with the deployment of a ‘fit for purpose’ GRC solution capable of managing the constant transformational change that is prevalent within Local Government today.
By consolidating two or more risk approaches into a single integrated solution, partner organisations can identify significant savings on legacy systems, whilst improving efficiencies and reducing operational costs with a more embedded and streamlined approach.
This Whitepaper sets out to assist organisations in their approach to creating a worthwhile and compelling business case for an integrated GRC solution.
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