ERM/GRC Manage Multiple Business Units in One Dashboard

Streamline GRC Across Your Organization with Entity Overview Dashboard

Managing Cyber Governance, Risk, and Compliance (GRC) across multiple business units or entities is a complex task, especially for medium to large enterprises. Each business unit may have distinct risks, requirements, and compliance needs, making effective oversight a challenge. Risk Cognizance offers a powerful solution with its Entity Overview Dashboard, designed to simplify GRC management by providing a unified platform for managing diverse business units under a single framework.

Our Hub & Spoke Architecture is a multi-tenancy GRC management solution that centralizes governance, risk, and compliance across various entities while allowing each business unit the autonomy to run their programs effectively. Whether you are managing a single organization or multiple subsidiaries, Risk Cognizance brings clarity, efficiency, and control to your GRC strategy.

What Is Cloud-Based GRC Software?

Governance, Risk, and Compliance (GRC) software is now more powerful and accessible through the cloud. By leveraging cloud technology, organizations can:

• Centralize risk management processes.
• Access real-time compliance tracking from anywhere.
• Reduce infrastructure costs.

Key benefits of our GRC solution include:

• Enhanced visibility into organizational risks.
• Streamlined workflows for compliance activities.
• Real-time reporting and analytics.

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Key Features:

Multi-Tenant Architecture (Hub & Spoke)

• Centralized GRC management across multiple entities.
• Allows autonomy for individual business units while maintaining corporate oversight.
• Seamless integration between the parent organization and its entities, creating a bi-directional relationship.

GRC as a Service

• Perfect solution for Advisors, MSPs, and Risk Cognizance partners to offer GRC as a service to clients.
• Easily deployable, scalable, and customizable to fit client needs.
• Manage GRC across client organizations with consistent frameworks.

Regulatory Compliance Management

• Stay up-to-date with the latest regulatory changes and compliance obligations.
• Use cloud-based tools to manage regulations, receive alerts, and track obligations.

Control Mapping

• Link relevant regulations to applicable internal controls.
• Library of built-in control mappings ensures proper risk management.

Policy & Procedure Management

• Develop, update, and distribute policies and procedures across your organization.
• Ensure all stakeholders are informed and compliant with organizational guidelines.

Monitoring & Testing

• Continuously monitor the effectiveness of risk controls.
• Perform testing to verify risk mitigation measures are achieving desired outcomes.

Risk & Controls Assessments

• Ongoing assessment of organizational risks and controls.
• Ensure all risks are mitigated with the right control strategies.

Training & Education

• Industry-specific training for staff to ensure compliance.
• Annual training and attestation management to ensure all employees are up to date.

Issue Management (Adaptive Case Management)

• Efficiently manage issues that arise during the GRC process.
• Track issues across all three lines of defense and ensure resolution.

Complaint Management

• Compliance-driven process management to handle customer and client complaints.
• Ensure adherence to industry regulations requiring formal complaint management procedures.

Why Choose Risk Cognizance?

• Centralized Control, Local Autonomy: Empower your business units with the flexibility they need while maintaining centralized oversight over your entire organization’s GRC program.
• Scalability: Easily manage the GRC requirements for multiple entities under one dashboard, making it ideal for enterprises with complex organizational structures.
• Simplified Compliance: Stay on top of evolving regulations and ensure that all business units remain compliant with ease.
• Holistic GRC Programs: Implement a comprehensive GRC strategy across your entire organization with a unified approach that spans multiple business units.

Who Benefits from Risk Cognizance?

• Enterprises with multiple departments, subsidiaries, or business units.
• Advisors and Managed Service Providers (MSPs) who want to offer GRC solutions as a service to their clients.
• Regulatory Compliance Officers who need to stay compliant with constantly changing regulations.
• Risk Managers who require a comprehensive tool to assess, monitor, and mitigate organizational risks.

Transform Your GRC Strategy Today: Simplify complex governance, risk, and compliance challenges with the Entity Overview Dashboard and Hub & Spoke Architecture. Whether you’re managing one entity or multiple, Risk Cognizance provides the tools you need to stay compliant, reduce risk, and enhance operational efficiency.

Get Started today and see how our multi-tenant GRC management solution can revolutionize your approach to corporate risk management.