OmniGRC
Integrated governance, risk management and 360-degree compliance
Integrated GRC framework for 360-degree governance, risk and compliance
The Governance, Risk & Compliance (GRC) landscape is constantly evolving. On one hand, we have newer and more complex types of risks such as IT Security, Data Privacy and Business Continuity and on the other hand, the regulators are continuously introducing newer standards such as COBIT 2019, NIST, GDPR, and ISO 22301 for immediate action on compliance and reporting. The rt360 Governance, Risk, and Compliance or GRC suite is designed to manage enterprise risks, ensuring end-to-end governance and compliance. The rt360 Governance, Risk, and Compliance suite allows organizations to achieve end-to-end automation of their GRC processes by enabling linkage to in-house systems and external sources.
Explore how a major Egyptian investment bank streamlined its GRC processes and secured 60% improvement in efficiency with rt360 Governance, Risk and Compliance.
Key Features
Expandable industry-specific risk library
rt360 Governance, Risk, and Compliance accommodates new requirements and is compliant with global frameworks, including ISO, COSO and COBIT.
Quantification of risk
Ensure prioritization of risks by approaches like rank ordering and criticality levels. Consolidation of risks at an organizational level. Calculation of risk assessment score and residual risk instantaneously. Estimation of dollar value impact/loss for management reporting.
Comprehensive workflow and case management
Enable action on all critical incidents and alert record of audit trail of all actions taken advanced case management, such as grouping and re-assignment, with the rt360 Governance, Risk, and Compliance suite.
Mobility and cloud-enablement
The rt360 Governance, Risk, and Compliance suite can be hosted on private/public/hybrid cloud models. Close incidents/alerts on the go view dashboards, reports from smartphones.
Regional language enablement
Languages supported include Arabic and French.
Flexible commercial models
The rt360 Governance, Risk, and Compliance suite offers commercial models available on license/subscription basis.
Key Functionalities
Enterprise Risk Management
Enterprise Risk Management
Risk control & self-assessment enabled through workshops and surveys
Map risks to business process and consolidate at line of business/organization level
Monitor key risks, set thresholds for alerts and notifications
global standards, like ISO, COSO & COBIT
Map risks to business process and consolidate at line of business/organization level
Monitor key risks, set thresholds for alerts and notifications
global standards, like ISO, COSO & COBIT
Audit & Compliance Management
Audit & Compliance Management
Streamline audit and compliance processes
Manage audit and compliance calendars
Initiate and track findings through comprehensive workflow
Perform risk-based audit
Test control effectiveness and compliance initiatives
Manage audit and compliance calendars
Initiate and track findings through comprehensive workflow
Perform risk-based audit
Test control effectiveness and compliance initiatives
IT Risk
IT Risk
Complies with global security standards like COBIT 5, NIST and organization-specific IT policies
Identify IT risks and controls through workshops, surveys & questionnaires
Out-of-the-box capability to integrate with external data feeds
Tracking of IT threats and vulnerabilities
Identify IT risks and controls through workshops, surveys & questionnaires
Out-of-the-box capability to integrate with external data feeds
Tracking of IT threats and vulnerabilities
Business Continuity Management
Business Continuity Management
Risk Assessment & Business Impact Analysis
Create Business Continuity Plans (BCP) & map with processes
Track Recovery Action plans
Manage, track, and close plans, issues, and actions triggered from risk assessments, plan tests and track progress
Create Business Continuity Plans (BCP) & map with processes
Track Recovery Action plans
Manage, track, and close plans, issues, and actions triggered from risk assessments, plan tests and track progress
Vendor Risk Management
Vendor Risk Management
Maintain list of active vendors and project profiles in one centralized repository
Effective on-boarding, managing and separation of vendors
Risk categorization of third-parties or vendors through a comprehensive checklist
Track renewal due dates with automatic escalation and reminders
Effective on-boarding, managing and separation of vendors
Risk categorization of third-parties or vendors through a comprehensive checklist
Track renewal due dates with automatic escalation and reminders
Risk Quantification
Risk Quantification
A flexible and intuitive scoring mechanism
Alternative AI/ML approach for scoring of risks
Attribute scores to measures such as key risks, residual risks, and control effectiveness
Alternative AI/ML approach for scoring of risks
Attribute scores to measures such as key risks, residual risks, and control effectiveness
Incident Management
Incident Management
Recording and quantification of loss
Flexible alerting mechanism
SMS/e-mail integration
Predicting similar incidents in the near future
Flexible alerting mechanism
SMS/e-mail integration
Predicting similar incidents in the near future
Environmental, Social and
Governance
Environmental, Social and
Governance
ESG framework assessment
ESG disclosures with respect to frameworks
ESG risk assessments
ESG metrics monitoring and reporting
ESG analytics and dashboard
ESG disclosures with respect to frameworks
ESG risk assessments
ESG metrics monitoring and reporting
ESG analytics and dashboard
Enterprise risk management
Enterprise risk management
Risk control & self-assessment enabled through workshops and surveys. Map risks to business process and consolidate at line of business/organization level. Monitor key risks, set thresholds for alerts and notifications, global standards, like ISO, COSO & COBIT.
Audit & compliance management
Audit & compliance management
Streamline audit and compliance processes with the rt360 Governance, Risk, and Compliance suite. Manage audit and compliance calendars. Initiate and track findings through comprehensive workflow. Perform risk-based audit. Test control effectiveness and compliance initiatives.
IT risk
IT risk
The rt360 Governance, Risk, and Compliance suite complies with global security standards like COBIT 5, NIST and organization-specific IT policies. Identify IT risks and controls through workshops, surveys & questionnaires. Out-of-the-box capability to integrate with external data feeds. Tracking of IT threats and vulnerabilities.
Business continuity management
Business continuity management
Risk Assessment & Business Impact Analysis.
Create Business Continuity Plans (BCP) & map with processes.
Track Recovery Action plans.
Manage, track, and close plans, issues, and actions triggered from risk assessments, plan tests and track progress.
Vendor risk management
Vendor risk management
Maintain list of active vendors and project profiles in one centralized repository.
Effective on-boarding, managing and separation of vendors.
Risk categorization of third-parties or vendors through a comprehensive checklist.
Track renewal due dates with automatic escalation and reminders.
Risk quantification
Risk quantification
The rt360 Governance, Risk, and Compliance suite provides a flexible and intuitive scoring mechanism. Alternative AI/ML approach for scoring of risks. Attribute scores to measures such as key risks, residual risks, and control effectiveness.
Incident management
Incident management
The rt360 Governance, Risk, and Compliance suite enables recording and quantification of loss. Flexible alerting mechanism. SMS/e-mail integration. Predicting similar incidents in the near future.
Integrated environmental, social and governance
Integrated environmental, social and governance
ESG framework assessment. ESG disclosures with respect to frameworks. ESG risk assessments. ESG metrics monitoring and reporting. ESG analytics and dashboard.
Benefits
Accelerated time to market
By way of a ready-to-deploy framework with pre-built connectors.
Improved compliance
Through continuously updated compliance mandates from regulators, out of the box.
Mitigated risks & eased profitability
By bringing in global best practices with minimal customization, lowering TCO.
Competitive advantage
By enabling enterprises to scale up in a SaaS model, with a host of deployment options.
Value Proposition
Business first, technology next approach
Business first, technology next approach
Industry-specific risk registers, controls
Industry-specific risk registers, controls
Compliant to global GRC frameworks
Compliant to global GRC frameworks
Flexible commercials and deployment models
Flexible commercials and deployment models
Products
rt360 Governance, Risk & Compliance Suite
Ensure intelligent and integrated management of enterprise risks, with end-to-end, automated governance and compliance.
rt360 Enterprise Risk Management
Identify, assess, mitigate and monitor enterprise-wide risks arising out of operations and ensure compliance with leading regulatory frameworks.
rt360 Audit Management
Streamline, integrate and fortify audit management. Adopt a structured, integrated and proactive approach to audits to control costs and reduce risks.
rt360 Compliance Management
Automate the overall compliance process; identify, assess, and monitor adherence with leading regulatory frameworks.
rt360 Policy Management
Streamline and automate your policy management lifecycle with a comprehensive automated system for policy management
rt360 Incident Management
Streamline organization-wide incident management to identify, record and resolve incidents with business-impact.
rt360 Third Party Risk Management
Onboard a holistic and integrated strategy to identify, assess, and manage the risks associated with third parties effectively.
rt360 IT Risk Management
Identify, mitigate, and monitor the risks, vulnerabilities and threats related to your IT landscape while achieving regulatory compliance.
Brochures
rt360 Governance, Risk & Compliance Suite
Accelerate the process of identifying enterprise risks, and monitor and automate controls to gain a holistic and integrated view of governance and compliance.
Download Nowrt360 Enterprise Risk Management
Identify, assess, mitigate, and monitor enterprise risks effectively with advanced risk modeling, analytical and reporting capabilities, in compliance with Basel-II and Basel-III guidelines.
Download Nowrt360 Audit Management
Put your organization on the fast track to audit compliance. Automate, streamline and align your organizational objectives with your overarching audit program.
Download Nowrt360 Compliance Management
Simplify and automate organization-wide compliance processes while constantly monitoring adherence to regulatory and policy requirements through a single pane of glass.
Download Nowrt360 Policy Management
Streamline and automate your policy management lifecycle to sharpen focus on your business objectives.
Download Nowrt360 Incident Management
Streamline organization-wide incident management to identify, record and resolve incidents with business-impact.
Download Nowrt360 Third Party Risk Management
Identify and manage the risks associated with third parties through a holistic, integrated strategy, reduce business interruptions, and effectively mitigate vendor risks
Download Nowrt360 IT Risk Management
Foster a culture of compliance and standardization across your IT operations lifecycle.
Download NowFrequently Asked Questions
An Enterprise Governance, Risk and Compliance or EGRC system is a technology solution designed to help organizations manage and align their governance, risk management, and compliance processes. It provides a structured approach to overseeing corporate governance, managing enterprise risks, and ensuring that the organization complies with external laws and internal policies. By integrating these three key areas through advanced technologies, an EGRC system enables organizations to operate more efficiently, make informed decisions, and mitigate risks effectively. It encompasses a wide range of functionalities, including risk assessment, compliance management, audit management, and incident management, all within a unified platform.
An effective GRC framework is distinguished by its ability to be expandable to meet industry-specific requirements and compliance with global standards like ISO, COSO, and COBIT. It includes features for risk quantification, such as risk prioritization, financial impact estimation, and a comprehensive workflow for managing incidents and audits. Mobility and cloud-enablement ensure that stakeholders can access the system and manage processes from anywhere, while support for multiple regional languages caters to a global user base. Additionally, flexible commercial models, like subscription or license-based options, make a good GRC framework adaptable to various organizational sizes and budgets, making it an essential tool for effective enterprise governance, risk and compliance.
The rt360 GRC suite helps organizations conform to an integrated GRC framework by offering a comprehensive solution that covers all aspects of governance, risk management, and compliance. It provides an expandable industry-specific risk library, ensuring compliance with global standards such as ISO, COSO, and COBIT. The suite facilitates the quantification and prioritization of risks, supports comprehensive workflow and case management for incident handling, and offers cloud and mobility features for flexible access – all foundational to conform to a highly effective GRC framework. Additionally, its support for regional languages and flexible commercial models make it adaptable to various organizational needs. By integrating these functionalities, the rt360 GRC suite enables organizations to establish a robust GRC framework that enhances decision-making, efficiency, and risk mitigation.
As one of the leading EGRC solutions in the market, the rt360 GRC suite sets itself apart from the competition by offering accelerated time to market with a ready-to-deploy GRC framework and pre-built connectors for quick integration. It ensures improved compliance through continuously updated mandates, provides a competitive edge by adopting global best practices and advanced technologies, such as AI/ML, with minimal customization to mitigate risks effectively, and lowers total cost of ownership. The suite’s scalability in a SaaS model with diverse deployment options caters to evolving business needs, offering substantial benefits over traditional EGRC solutions.
Our diverse clientele across finance, healthcare, manufacturing, and technology sectors leverages the rt360 GRC suite to bolster their enterprise governance, risk and compliance initiatives. They utilize the EGRC platform for comprehensive enterprise risk management, streamlining risk management, audit management, and compliance processes, managing IT risks in line with global standards, ensuring business continuity, and effectively managing vendor risks. This multi-faceted application of the rt360 GRC suite helps our clients achieve improved compliance, risk mitigation, and enhanced governance, positioning them for better operational efficiency and strategic decision-making.
BCT Digital’s rt360 risk management product suite transforms the world’s leading enterprises, drawing on the strengths of next-generation technologies, sophisticated AI/ML models, data-driven algorithms, and predictive analytics. Its revolutionary Fintech, Regtech, and SustainTech solutions help enterprises optimize their core governance, risk, and compliance processes, enabling them to augment their positioning and go-to-market capabilities.
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