With the increase in government regulations and risks of various types mounting internally and externally, organizations of all sizes around the globe; across the industries, are going through the increasing pressure from the interested parties. Complexity in the business processes, overlapping roles and responsibilities, discrete and silo information and lack of adequate skilled resources to accomplish the requirements, makes it very difficult to maintain the initiatives. The mandate on processes and frequencies of internal and external auditing requirements makes it next to impossible for the traditional manual auditing.
Numerous frameworks, standards, best practices along with the organizational objectives, though intended to improve the process, complicates the system instead.
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GENAPT is currently working on the following enterprise scale products to address the global challenges.
Enterprise Risk Management
Managing enterprise wide risks are not getting easier anymore with the increasing complexity of businesses, the challenge in identifying, assessing internal and external risks, the additional cost and resources involved in the planning, treating, monitoring and reviewing the risks, the legal and regulatory requirements around the globe keep changing, the task of top management officials becomes highly demanding.
GENAPT ERM component, the core part of our integrated suite, would address the requirement of enterprise risk management by adapting to the widely used frameworks such as COSO, RIMS, CAS and ANZ ERM Frameworks, at the same time supporting organizational objectives and customizations.
Policy Change Management
Organizational level Centralized policy storage and change management systems can address the challenges posed by the discrete policies enforced and maintained for different departments and infrastructures.
GENAPT PCM component, a vital part of our integrated suite, helps the organizations of all sizes in developing, implementing, maintaining and enforcing the organization level policies at a central place and to map the policies and violations to the statutory controls.
Numerous, overlapping and dynamic legal, regulatory compliance requirements around the globe are the highly challenging for the organizations of almost all the industries.
GENAPT Compliance Management component, an integral part of our integrated suite, would address the dynamic nature of the compliance requirements, by streamlining and automating the best practices based life cycles with the sustainable and unified control objectives mapped directly to the business processes.
Audit teams of enterprises around the globe have the common problems conducting the organizational level auditing manually to support numerous legal and regulatory requirements, starting from heavy work load to struggle to maintain the work papers of different departments considering the complexity of the business processes and the frequency of such audits.
GENAPT Audit Management component, a part of our integrated suite, would incorporate the widely used auditing best practices to stream line and automate the auditing tasks and provide highest level of flexibility to customize the specific needs of the auditors.
In today’s world Information technology acts as the backbone for many enterprise businesses. It becomes increasingly important to streamline the IT processes of any organization to support legal and regulatory requirements, considering the huge amount of risks directly posed to the heterogeneous IT infrastructure.
GENAPT IT Governance component, an inherent part of our integrated suite, would streamline the overall IT strategies, policy enforcements, and automates the process workflows and IT related control objectives by adapting to industry best practices such as COBIT and ITIL while supporting the customizations to business specific objectives.
GENAPT Integrated Suite
With the intent of solving industries most challenging problems of today and tomorrow, We at GENAPT, are looking at delivering a common integrated platform which works on top of the existing IT Infrastructure of any combination, to help the organizations of all sizes; not only to comply with the present and future legal, regulatory and business requirements, but also to help them improve their business processes as a result, streamlining and automating, the widely used frameworks, standards and best practices of Enterprise Risk Management, Policy Change Management, Audit Management, Compliance Management and IT Governance, to work with organizational objectives and strategies.