GRC System

Organisations today face increasingly complex risks, evolving regulations, and growing demands for continuous internal audits and assurance. However, many businesses—especially in Africa—struggle to implement enterprise risk management (ERM) solutions due to high costs, foreign currency challenges, and vendor payment restrictions.

To address these challenges, we are building a modern, scalable GRC system that unifies enterprise-wide risk, audit, and compliance management into a single, highly configurable platform.

With a modular approach, businesses can seamlessly integrate Operational Risk Management (ORM), Audit & Assurance (A&A), and Regulatory & Compliance Management (RCM)—allowing them to:

• ✅ Align risk, audit, and compliance functions efficiently.
• ✅ Reduce operational inefficiencies without the need for custom code.
• ✅ Ensure compliance with both local and global regulatory requirements.

The system is designed to embed risk management into everyday operations, helping organisations proactively identify risks, drive informed decision-making, and enhance overall governance—all while being cost-effective and adaptable to regional business needs.

We are launching with three primary modules that cover critical enterprise risk and compliance management needs.

1️⃣ Operational Risk Management (ORM)

  Key Features:

• 🔹Risk & Control Self-Assessments (RCSAs)
• 🔹Issues and Incident Management
• 🔹Key Risk Indicators (KRIs) tracking
• 🔹Loss Event Data Management
• 🔹Enterprise-wide Risk Dashboards
• 🔹Advanced Business Intelligence & Reporting

ORM will provide a fully integrated risk solution that enables organisations to assess and monitor operational risks proactively.

2️⃣ Audit & Assurance (A&A)

  Key Features:

• 🔹Full Internal Audit Lifecycle Management
• 🔹Risk-Based Audit Planning & Scheduling
• 🔹Audit Universe, Audits, Audit Phases, Workpapers, Findings, Issues, & Recommendations
• 🔹Real-Time Monitoring & Reporting
• 🔹Issues Management and Oversight

A&A will deliver an end-to-end audit & assurance solution, helping organisations manage compliance, financial, and operational audits efficiently.


3️⃣ Regulatory & Compliance Management (RCM)

  Key Features:

• 🔹Regulation & Policy Catalog
• 🔹Business Impact Evaluation & Compliance Mapping
• 🔹Automated Compliance Assessments
• 🔹Corrective & Preventive Action Management
• 🔹Integrated to core Operational Risk Management activities

RCM simplifies compliance management by breaking down regulations and policies into actionable compliance tasks, ensuring businesses stay ahead of regulatory requirements. It allows linking those tasks to existing enterprise controls to demonstrate compliance.

Beyond the initial system rollout, we will expand capabilities with additional modules, further enhancing the platform’s functionality.

🔵 Model Risk Governance (MRG)

• 🔹Centralized Model Inventory & Documentation
• 🔹Risk-Based Model Assessments & Reviews
• 🔹Regulatory Model Governance & Validation
•   MRG will provide a structured approach to managing and mitigating model risks, ensuring regulatory alignment and internal oversight.
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🟠  Third-Party Risk Management (TPRM)

• 🔹Vendor Risk Profiling & Due Diligence
• 🔹Ongoing Third-Party Risk Monitoring, Management & Reporting
• 🔹Automated Risk Assessment Workflows
• TPRM will enable businesses to identify, assess, and manage risks associated with vendors, suppliers, and external partners.

 ✅ Unify risk, compliance, and audit functions under a single system.
 ✅ Gain real-time visibility into enterprise-wide risks.
 ✅ Enable proactive decision-making with analytics & reporting.
 ✅ Ensure regulatory compliance through structured frameworks.
 ✅ Support Internal Audit & Line 2 Assurance functions by:

•      🔹Providing real-time access to risk and compliance data.
•      🔹Ensuring audit findings seamlessly feed back into risk and compliance processes.
       🔹Enabling Integrated Risk Management (IRM) – combined impact of diverse risks across business functions for a holistic risk view.
       🔹Identifying & Managing Interconnected Risks – detect hidden relationships between risks that may escalate if left unmanaged.    
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• By embedding risk management, compliance, and internal audit & assurance functions into a unified platform, businesses can proactively mitigate risks, improve regulatory alignment, and enhance overall governance—all while ensuring risk management becomes a seamless part of everyday operations.

We are committed to building a robust and scalable solution that evolves based on industry needs and stakeholder feedback.

🟢 Phase 1: MVP Development (Current)

• 🔹Core modules (ORM, A&A, RCM) development
• 🔹System architecture finalisation
• 🔹Stakeholder engagement & feature validation 

🟡 Phase 2: Beta Testing & Refinements

• 🔹Early adopters test the system in real-world scenarios
• 🔹Stakeholder-driven refinements based on feedback

🟣 Phase 3: Full System Rollout

• 🔹Official launch of the fully operational GRC system
• 🔹Onboarding, training, and implementation support for organisations

🔵 Phase 4: Additional Module Expansions

• 🔹Integration of Model Risk Governance (MRG) and Third-Party Risk Management (TPRM) modules
• 🔹Continuous feature enhancements based on user feedback