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How Dow Chemical Company Reduced Legal Spend | Case Study
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TAP is a Foundational Part of an Automated Future | KP Labs
This case study shows how one Mitratech partner puts TAP to work.
Powerful Integration Seeds Success: Sedgwick | Case Study
Learn how a bidirectional integration made legal processes efficient and clean.
Solution Perspective: An Integrated 360° View of Risk, Resiliency & Integrity
As business environments become evermore complex and intertwined, there is a rising need for organisations to adopt a 360° approach to gain contextual awareness of their governance, risk and compliance (GRC) processes to help them achieve objectives, remain agile, address uncertainty and effectively manage risk across their enterprise. Read more about an ‘Integrated 360° View of Risk, Resiliency & Integrity’ – a detailed Solution Perspective of Alyne’s Software as a Service, written by GRC Analyst, Michael Rasmussen, founder of GRC 20/20.
The World of Business is Distributed, Dynamic and Interconnected
There is a complex ecosystem of relationships with stakeholders, clients and third parties, and an ever-changing landscape of the day-to-day of business operations – from changes in employees, to that of regulations, strategies and business objectives. One thing that is constant, is change. This is driving the need for organisations to adopt a 360° approach to gain contextual awareness of their governance, risk and compliance (GRC) environment, to help them achieve objectives, remain agile, address uncertainty and effectively manage risk across their enterprise. Addressing the organisational ecosystem as a whole with a holistic approach allows businesses to operate with greater confidence, rather than as decentralised and dissociated departments, which naturally has the ability to snowball and significantly impact the entire ecosystem.
“The interconnectedness of objectives, risks, resiliency, and integrity require 360° contextual awareness of integrated Governance, Risk management, and Compliance (GRC). Organisations need to see the intricate relationships of objectives, risks, obligations, commitments, and controls across the enterprise. It requires holistic visibility and intelligence of risk in the context of objectives. The complexity of business – combined with the intricacy and interconnectedness of risk and objectives – necessitates that the organisation implement an integrated GRC management strategy.”
– Michael Rasmussen, GRC 20/20.
Solution Perspective of Alyne: An Integrated 360° View of Risk, Resiliency & Integrity
Along Alyne’s journey, we have had the pleasure of regularly engaging with GRC pundit and analyst, Michael Rasmussen – keeping him up to speed with all of the latest developments in Alyne, as well as having him share knowledge at our events.
Within this detailed 14-page document, read a GRC analyst’s perspective of the Alyne solution, along with input from Alyne Customers on their usage and reason for choosing the platform.
Topics contained within the Solution Perspective of Alyne’s Software as a Service, written by GRC Analyst, Michael Rasmussen, founder of GRC 20/20:
- The Need for Integrated Risk, Resiliency & Integrity
- Governance – reliably achieve objectives
- Risk management – address uncertainty
- Compliance – act with integrity
- The Need for Integrated GRC Architecture, With a Focus to Deliver on:
- Interconnected risk
- Objectives are dynamic – adapting to risk events
- Disruption – remaining agile and resilient in business strategy and operations
- Dependency on others
- Dynamic and agile business
- Values defined and tested
- Three Strategic Trends in GRC Integration
- Alyne – An Integrated 360° View of Risk, Resiliency and Integrity
- Enterprise & Operational Risk Management, Risk Quantification, Visualisation, Simulation & Scenario Analysis, Environmental, Social, Governance (ESG) Management & Reporting, Third-Party GRC/Risk Management, and others.
- What Alyne Does – GRC engagement throughout the GRC Lifecycle – including unified architechture, risk aggregation etc.
- Foundational Capabilities in Alyne – configurability, analytics, workflow and task management, compliance management and regulatory change and more.
- Benefits Organisations Can Expect with Alyne – such as significant efficiencies in time, accountability with full audit trails.
- Considerations in Context of Alyne
“Organisations state that Alyne has improved the quality of their GRC related management, monitoring, and reporting processes – which in turn has strengthened their overall risk culture and maturity across the organisation. This improves the organisation’s overall visibility into GRC across the organisation – with greater accountability and ownership to manage risks. All of this while eliminating the overhead of managing manual assessment processes encumbered by hundreds to thousands of spreadsheets, documents, and emails. Clients find that the solution is flexible to adapt to their requirements, has the capabilities needed, and provides them the ability to grow and mature their program over time. Overall, users find the solution was particularly easy to implement and rollout in their organisation.”
Thank you to Michael Rasmussen for the detailed case study on Alyne, and to Customers that took the time to provide their honest experience in using the platform.
Access the free Solution Perspective of Alyne’s Software as a Service, written by GRC Analyst, Michael Rasmussen, founder of GRC 20/20, below.
Leveraging Process and Tech for Maximum Efficiency: Sutter Health | Case Study
How did Sutter Health leverage technology to support smarter processes?
How Haufe Group found success leveraging Alyne’s Software as a Service for organisation-wide digitalised policy management
Learn more about how Alyne’s easily accessible and interactive platform made it possible for Haufe Group to successfully communicate relevant guidelines.
Haufe Group with its brands Haufe, Haufe Akademie and Lexware among others has developed into a nationwide leading provider of digital workplace solutions and services, as well as a constant in the field of training and further education.
Challenges such as how to ensure acceptance among colleagues for compliance topics or link guidelines with appropriate online training and success monitoring were of central importance for them.
Learn more about how Alyne’s easily accessible and interactive platform made it possible for Haufe Group to successfully communicate relevant guidelines. Furthermore, they were also able to promote awareness among employees through the agile implementation of requirements and read confirmations through an easy-to-understand user interface – supported by an open and cooperative collaboration between Haufe and Alyne.
Read more about the case study in detail below.
DOWNLOAD CASE STUDY
For more information on Alyne’s policy management capabilities for your organisation, schedule a meeting with an Alyne expert in your region.
How Neodigital Established a Complete Risk Inventory Within Alyne in 6 Weeks
Neodigital, a digital insurance company, aimed to strengthen its Operational Risk Management capabilities within the framework of management systems and information security. They required a solution that could not only provide agile Risk Management, but cover topics across the full governance and compliance spectrum, as well. Neodigital’s first goal in Alyne was to create a complete inventory of all existing risks, which was achieved in just six weeks.
Neodigital Versicherung AG was founded in 2017 by Stephen Voss and Dirk Wittling with the goal of making it a leading insurance factory. Thanks to the strong team with many years of experience in the insurance industry, Neodigital has developed, in a very short time, into a digital insurance company based on simplified and accelerated processes with the help of extensive automations.
“We live digitisation in all our processes. Therefore, it is important to us to integrate it into our internal processes. Mitratech’s Alyne GRC platform helps us support our employees in the Risk Management space and beyond.”
– Anzhela Kuts Chief of Staff – Neodigital
While Neodigital continues its ambitious growth course, it aims to strengthen its Operational Risk Management capabilities within the framework of management systems and information security. An isolated solution, exclusively for Risk Management purposes, was out of the question for Neodigital, as other topics from the governance and compliance environment, such as VAIT Compliance or ISO 27001 Compliance, were also highly relevant.
After selecting Mitratech’s Alyne platform, Neodigital’s first goal was to create a complete inventory of all existing risks. To reach this goal, three steps were necessary within Alyne:
- Configuration of the Instance
- Migration of Existing Risks
- Updating the Risk Inventory
Only six weeks after signing the contract, Neodigital was able to successfully achieve its goal of developing a complete risk inventory and efficiently record as well as manage risks from different divisions.
Read about their journey in detail and the time-to-value that the Alyne platform provides. The case study is available in both English and German.
Case Study: EnterpriseInsight™ Carver Federal Savings Bank
How a 70-year-old bank modernized its approach to enterprise risk.
“The Benefits are Huge” | DataStore Case Study
How can workflow automation help you meet the multiplying data privacy regulations affecting your business?
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