Denise Sposato

How a Large Commercial Bank Achieved Value in an Enterprise GRC Platform and Strategy

Blog Post created by Denise Sposato Employee on Feb 18, 2015

2nd Annual Awards Program Recognizes Real-World Implementations Advancing the Value of GRC Strategy, Process, and Technology

 

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GRC analyst firm GRC 20/20 has announced that a large Commercial Bank in the U.S. and RSA Archer have been honored with a 2014 GRC Value Award for the category of Enterprise GRC Platform. The 2nd annual GRC Value Awards recognize real-world implementations for Governance, Risk Management and Compliance programs and processes that have returned significant and measurable value to an organization.

 

According to Michael Rasmussen, Chief GRC Pundit for GRC 20/20 and internationally recognized expert, “This large Commercial Bank has demonstrated proven business value in Enterprise GRC Platforms with its implementation of RSA Archer as the backbone of their integrated Enterprise Governance, Risk and Compliance program.” In the report, Mr. Rasmussen indicates that the greatest strength in this financial institution's GRC Platform architecture is the interconnectedness of the Platform and the ability to quickly enhance existing solutions or add new use cases.

 

The GRC Value Awards evaluate and verify both quantitative and qualitative measures of GRC agility, effectiveness, and efficiency within an organization’s GRC implementation.  This large Commercial Bank has a large risk and compliance technology implementation that addresses many business users across multiple business units for a variety of GRC use cases. Through their risk and compliance technology innovation, they have been able to save approximately $1.65 million annually and report significant reductions in time and cost of managing the disparate and disconnected solutions that existed prior to RSA Archer.

 

According to Mr. Rasmussen, “It is imperative that we recognize today’s successes as a milestone toward advancing GRC maturity. In achieving maturity, GRC is part of the organization’s strategy and operations and supported by a range of technology, knowledge and services - enabling the organization to achieve greater efficiency, effectiveness, and agility in GRC processes and broader business operations.”  We cannot agree more!  RSA Archer heartily congratulates this financial institution on their award-winning and innovative implementation of the RSA Archer GRC Platform and we look forward to seeing continued risk and compliance growth for this Commercial Bank.

 

You can obtain more information about this GRC implementation by reviewing their case study.  In addition, we encourage you to visit the GRC 20/20 website for more information about the GRC Value Awards.

 

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