At first glance, new recommendations released late last year by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) might only apply to companies in the United States. But as with many things in our globalized world, the new guidance on aligning risk and compliance departments should resonate beyond the USA’s borders. […]
By Sean Pyott, MD of thryve People have been predicting for years that risk management will step from its back-office nook and into the leadership sphere. This prediction gained some traction at the start of this century with integrated risk management (IRM) and Governance, Regulation & Compliance (GRC) technology systems offering greater integration […]
By Riaan Bekker, Force Solutions Manager at thryve Small to medium businesses don’t focus on risk as much as their enterprise peers. Many enterprises are public companies and therefore must follow many more compliances and regulations. Such mandated functions are often draining on time, people hours and money, so enterprises want efficient GRC […]
Welcome to thryve’s monthly roundup of blogs we enjoyed from Salesforce and Riskonnect. In April, our best reads include tips for selling from home, how to adjust your risk strategies around COVID-19, and a little business advice from an entrepreneurial giant. Mark Cuban’s advice for small businesses What is more important, right now during […]
By Neer Rama, Force Solutions Product Manager at thryve Managing risks and insurance across a single business is difficult. To do so across numerous entities is orders of magnitude harder. The information has to be drawn from different stakeholders, each with their own capturing and reporting standards. Instead of an orchestra, risk and insurance […]
By Neer Rama, Force Solutions Product Manager at thryve Enterprise Risk Management (ERM) gained popularity for a specific reason. It offered what risk management was initially meant to provide: strategic value. Even the most basic strategic management course is an introduction to organisational risk. The ever-present SWOT analysis is essentially about identifying risks and opportunities, […]
By Riaan Bekker, Force Solutions Managed, thryve As we head towards the IRMSA conference, 2-3 October at Gallagher Estate in Midrand, Johannesburg, I am preparing for my presentation on the debate between GRC and IRM. ‘Governance, Risk & Compliance vs. Integrated Risk Management’ became a topic of debate when research firm Gartner decided a […]
By Riaan Bekker, Force Solutions Manager, thryve There is a bit of a storm in the GRC – that being the Governance, Risk and Compliance – world. Recently Gartner announced that it will no longer rate all GRC technology services in the same category. Instead, it has created a new category, IRM or Integrated Risk […]
By Neer Rama, Force Solutions Product Manager at thryve Canada There is a bit of a furore in the risk-management world. Advisory firm Gartner has thrown a cat among the pigeons by creating a new category for integrated risk management (IRM), away from its governance, risk & compliance (GRC) category. This may seem like a […]
By Riaan Bekker, Force Solutions Manager at thryve Integrated risk management (IRM) is a fairly new discipline, but it’s already making great strides towards transforming all types of organisations. The philosophy is straightforward: instead of risk information languishing in silos and contributing to an incomplete picture of organisational risk, that information can be captured […]