Increase Visibility into and Transparency of Cross-Enterprise Activities

Corporate governance, risk management, and regulatory compliance (GRC) are no longer the exclusive domains of Sarbanes-Oxley. Powerful market forces—globalization, increased mergers and acquisition activity, heightened regulatory scrutiny, tight operational budgets, escalating environment concerns—are pushing your company to develop and implement a comprehensive GRC initiative to protect itself while remaining agile and competitive.

Successful GRC initiatives demand an integrated and enterprise-wide view of risk and compliance. As a result, your business requires access to all its data, regardless of where it resides and the form it takes. It must be available to users and applications when, where, and however needed. And your business needs to be confident that its data is complete, accurate, consistent, auditable, and secure.

GRC Challenges

Limited Visibility and Transparency. Your enterprise data is located in different systems and unconventional formats and unstructured files, such as PDFs and PowerPoint presentations. You need to increase visibility into and transparency of GRC activities across the enterprise, but you lack a comprehensive, cross-enterprise view of GRC-relevant information.

Questionable Data Quality. You need to base GRC activities on reliable, high-quality data. But you’re unable to identify data quality issues that affect GRC-related reports. Fixing data quality errors, such as those caused by human error, database corruption, and system consolidations from past mergers and acquisitions, is a cumbersome, time-consuming process.

Lack of Operational Efficiency. Effective GRC initiatives require accurate, up-to-the-minute data. Information delays can cause significant financial losses. You need a technology infrastructure to support real-time data access and delivery.

High Costs of Producing Timely and Trusted Data. The processes of accessing, discovering, cleansing, integrating, and delivering timely, trustworthy data to the business to fuel GRC activities can be expensive to develop and maintain. Many IT organization use hand-coding, which is inefficient and slow. As a result, the cost of managing data to support GRC activities is high.

You need solutions to help you leverage trustworthy data to increase visibility into and transparency of your GRC activities. Informatica can help.