Governance, Risk & Compliance

Solving business challenge

Governance, risk and compliance (GRC) programmes are now being required by regulatory bodies and also generated from a business interest. However, there is no ‘one size fits all’ approach as they must fit each organisation’s structure and circumstance. Many organisations find themselves introducing GRC programmes at a time when several factors make this a complex task.

Empowered Systems can help overcome the hurdles to implementing GRC programmes, for example a lack of compliance culture, different processes and regulations for different parts of the business and increasing demand from government and regulators. We can help adapt new and existing technologies to achieve an acceptable level of GRC management and reporting.

What EVeDENCE does

EVeDENCE is a web-based portal for capturing information and providing enterprise-wide analysis and record-keeping required for governance, risk and compliance. It can track compliance requirements and collaboration, provide document management, risk and issue management, and personalised dashboards and alerts to serve the needs of stakeholders and regulators.

EVeDENCE has a powerful yet highly configurable workflow engine that can be tuned to any organisation’s own processes. The dashboard and reporting engine aggregates key information into a unified view for senior management and allows users to drill-down to interrogate and validate any KPI, metric or item of data in real-time.

EVeDENCE technology advantages

A configurable framework allowing you to slice and dice your data into numerous segments, processing and displaying results on demand.
Heat Map functions that assess risks based on compliance data collected through online automated surveys and/or corporate data from a variety of sources.
The assessment ratings for the data can be viewed for every intersection within the data cube.
Users can click on each cell of the heat map to drill down to the underlying data to explore exactly how each rating was calculated.
A prioritised list of every requirement and business combination for one or more assessments e.g. data quality, customer satisfaction, securitisation, security and credit compliance.
Transforms compliance requirements into a manageable online system and generates assessment forms.
Easy-to-manage functionality for ongoing risk management within the business, rather than a single initiative targeting a specific regulation.

EVeDENCE features

Core Capabilities

Provides rapid, on demand and configurable management information to senior executives and other stakeholders.
Strengthens regulator, stakeholder and team relationships with role-based exception reporting, validation and process management.
Provides a governance and compliance reporting suite with both standard and customisable templates.
Makes it easy for authorised users to configure business rules for assessing and aggregating assessment rules and alerts based on results, risks, issues and actions.
Allows users to weight questions, requirements and compliance status for different regulators.
Allows users to raise, classify and report on risks, issues, assumptions and dependencies.
Can be adapted so that it works in line with any existing risk and issue methodology within your organisation.
Can record and monitor actions and comments as well as providing a full document repository functionality.

Personal Dashboards

Personalised real-time views for each stakeholder’s view of the organisation.
Information and status indicators for ‘need to know’ intelligence.
Warning indicators and an email-based alert system.

Scorecard Reporting

Drill-down to underlying data.
Export to PDF or Excel files.
Traffic light (red-amber-green) rating assessment system that is calculated or assessed.
Transparency in reporting, appropriate to hierarchy and reporting lines.