Many organisations had to respond quickly to SOX and general compliance pressures, deploying controls across their business operations. Over time these will have developed and expanded, new controls will have appeared to address new risk and compliance requirements.
Over time organisations change too – with many having more sophisticated operations, shared services, acquisitions and global alignment strategies. The bottom line can be a much increased controls load for the business, with redundant, duplicate and inefficient controls. This can inhibit business users’ interest in compliance, seeing it as an HQ imposed overhead with little value.
Integrc’s Global Controls Rationalisation and Harmonisation Design service helps to bring consistency to the organisation through reducing and enhancing controls, and supporting consistency and alignment – delivering financial, risk reduction and business agility benefits.
Technology now also brings the chance to automate control operations, enabling controls and controls testing to be performed more frequently, with exceptions flagged for attention.
- Reduces controls load on business
- Reduces cost of controls
- Improves control effectiveness
- Improves cultural support for risk management
- Drives process performance
