OneSumX

Description

An ecosystem of complementary and comprehensive solutions and services to manage the intersection of governance, finance, risk and compliance—increasing organizational profitability, efficiency and growth.

Solutions that focus on traditional backward-looking, box-ticking, and process-oriented methods are no longer equipped to guide firms through the new era of GFRC. Similarly, niche systems that focus solely on specific areas in isolation cannot support firms to the full extent that is now required. Instead a more wide-ranging approach covering a greater variety of risk factors, advanced analytics, scenario analysis, and data mining to look for risks proactively and to provide strategic decision support to the business are all crucial.

In practice, it is not pragmatic – nor necessary – to merge these different department’s systems together completely into one consolidated GFRC system. Instead, it is more important to work with a vendor who can provide a broad array of technology, content and consulting services to implement customized GFRC solutions to all sizes and types of financial institution.