With capability to systematically manage various aspects of organization such IT Governance, IT Process Framework, IT Risks and IT Compliance, the IRM process framework supported by IRM solution is an enabler for improved alignment of IT organization with business objectives. It also provides a foundational platform in ensuring the following:
All the compliance requirements are communicated consistently to all IT stakeholders including business.
Systematically design IT process framework to create an operational IT environment that is compliance-aware.
Manage correlation between regulatory requirements, IT policies, IT standards, best practices, IT controls and IT risks thereby decreasing the amount of time it takes to research, identify and assess key IT risks and associated IT controls.
Identify, assess, evaluate, treat and monitor third party/vendor risks consistently across all business lines.
Provide consolidated overview and status of overall IT risks, IT policy and IT security controls.
Efficiently manage and continually improve overall IT risk posture with efficient monitoring and reporting of IT risks and associated mitigating plans.
Enable improved communication and understanding of IT risks and IT control requirements to help reduce compliance gaps.
Streamline IT risk assessments to accelerate identification of IT security risks.
Our team of IRM experts utilize RSA Archer IRM, ServiceNow IRM, Metric Stream IRM products to help organizations build solutions for
Governance:
Establishing a documented, common taxonomy for IT security policies and standards.
Reducing the time and effort required to create, modify and manage IT security policies.
Assigning ownership for IT controls life-cycle
Mapping regulatory compliance requirements, IT policies, IT procedures and IT controls.
Centralizing availability of compliance data such as IT risks, Third-party risks, compliance issues, remediation activities and compliance to established IT controls
Generating Reports/Balance Scorecards on IT Governance, Risks and Compliance data.
Risks, Controls And Compliance:
Establishing clear guidance and controls for IT operations and organize scattered IT and security policies, standards and controls in a centralized governance system of record.
Linking regulatory requirements to internal IT security controls while decreasing the amount of time it takes to research, identify, understand and assess key control requirements.
Improving communication and understanding of IT control requirements to reduce compliance gaps and improve risk mitigation strategies.
Streamlining IT risk assessments to accelerate identification of IT risks and linkages to internal controls.
Improving overall risk posture with a clear view of IT risks, mitigating controls
Identification, assessment, treatment and monitoring third party risks consistently across all of your business lines.
Enabling structured processes for continuously monitoring emerging IT risks due to changes in regulations, industry best practices/standards.
Enable centralized tracking of IT risks, issues, security exceptions/exemptions, gaps and remediation activities for compliance issues.