Governance, Risk, and Compliance Management

Basel II, Solvency II, Sarbanes-Oxley... Evolving regulations provide Banks and Insurance companies with an opportunity to raise their performance significantly, by integrating their corporate governance processes across functional entities.

To this purpose, FrontGRC offers a unique advantage among available software solutions: covering the functional needs of all entities involved in Governance, Risk, and Compliance Management (GRC), and bringing a native and seamless integration between those entities.

At the end of the day: time savings and more reliability for users, a faster implementation, and an increased functional reach.

Bertrand Keip Risk Manager LPGP “FrontGRC supports our internal methodology, brings us quality and robustness, and ensures users productivity. FrontGRC is really the cornerstone of our risk management process.”

Christian Willecocq Head of Risk Management “Following a thorough study of our functional needs, Groupama Banque chose eFront's solution for two key reasons: First, FrontGRC incorporates an interface with the process modelling tool we already used as a referential for all our processes. This was essential, as each risk is analyzed in association with processes. Also, a control is associated to each risk, and inversely; Second, eFront offers a global solution covering the needs of various teams involved : operational risk (incident collection and Basel II reporting), reporting associated with 1st and 2nd level Internal Control with FrontControl - which we also implemented -, compliance, and tracking of action plans decided by all entities within the company .”

In addition to regulatory compliance and to the reduction of operational risk and induced losses, FrontGRC’s unique value-added is to enable Financial Institutions to unify and optimize the whole of their Governance, Risk, and Compliance Management processes. This means additional gains in terms of productivity, visibility, and confidence.