Extra organisations want to maneuver away from the fragmented strategy to structuring their operations to a extra holistic framework that may monitor compliance and implement guidelines and procedures.
This was highlighted on the launch of the SentryGRC platform powered by The Nigerian Inventory Trade on Tuesday.
SentryGRC is a platform that automates back-office capabilities like Governance, Danger Administration and Compliance.
It allows organisations to pursue a scientific and organised strategy to managing GRC-related technique and implementation, thereby creating an enabling surroundings for rising effectivity and effectiveness alongside lowering prices.
The platform was launched on the Digital Transformation of Governance, Danger Administration and Compliance Features webinar and commemorated with a digital Closing Gong ceremony.
On the webinar, the Chief Government Officer, NSE, Mr. Oscar N. Onyema, defined that the Nigerian Inventory Trade would proceed to place itself, not solely to be a reputable platform for elevating capital, however to be a hub for modern and artistic concepts.
He mentioned, “We’re, subsequently, happy to introduce SentryGRC to the market. We acknowledge the necessity to construct the required infrastructure for gamers within the Nigerian capital market, and we see the SentryGRC platform as a step in the correct path to assist companies obtain their strategic targets, tackle uncertainties and act with integrity.”
One of many panelists on the webinar, the Government Director, Regulation Division, NSE, Ms. Tinuade Awe mentioned, “The SentryGRC promotes agility & digitization in Governance, Danger Administration & Compliance areas of enterprise. Establishments should acknowledge the necessity to adapt procedures & requirements to what’s related at the same time as we transition to this new regular.
“Moreover, there’s a responsibilty on Regulators to develop into extra snug with know-how and interact with market individuals on successfully design and deploy statutory requirements that work from an operational perspective and likewise fulfill regulatory necessities.”
These sentiments have been echoed throughout the panel session moderated by Associate and Monetary Companies Danger Administration chief, West Africa, Ernst & Younger, Mr. Benson Uwheru, with Chief Danger Officer, Coronation Service provider Financial institution, Mr. Magnus Nnoka; Director Common, Affiliation of Enterprise Danger Administration Professionals of Nigeria, Mr. Olayinka Odutola; and Ms. Edidiong Akan, Chief Compliance Officer, Stanbic IBTC Pension Managers as panelists.
All of them agreed that altering tendencies will proceed to deliver new dangers making it crucial for organisations to put money into enterprise structure which can be adaptable to at this time’s surroundings and may shortly evolve with the remainder of the world.
The launch of the SentryGRC platform is, subsequently, well timed in that it boasts an array of multi-dimensional options that make it each simply adaptable and relevant throughout varied capabilities.
A few of its extra fascinating options embody the personalized dashboards that offers administration a single view of related metrics; its means to routinely generate reviews making statutory submission seamless; and its straightforward integration throughout different operations together with Enterprise Useful resource Planning softwares.
Along with Governance, Danger Administration and Compliance, SentryGRC can be used alongside a variety of capabilities together with Audit, Inner Management, Enterprise Continuity, Authorized Workflow, Information Safety Administration, IT Audit and Ethics Administration.
This platform is yet one more product of The Trade’s ardour for enterprise innovation and know-how. Since 2011, The Trade has constructed on its digital credentials to raise the Nigerian capital market and improve stakeholders’ expertise.
— to nairametrics.com