SC proudly helps organizations to achieve control over Governance, Risk-Management & Compliance (GRC) activities in order to operate effectively. Each of these three disciplines creates information of value to the other two, and all three impact the same technologies, people, processes and information. By implementing GRC programs, businesses can make better decisions in a risk-aware environment. An effective GRC program helps key stakeholders set policies from a shared perspective and comply with regulatory requirements. With GRC, the entire company comes together in its policies, decisions, and actions. We help organizations overcome substantial duplication of tasks when governance, risk management and compliance are recognized to be managed independently. Governance, risk management, and compliance are three related facets that aim to assure an organization reliably achieves objectives, addresses uncertainty and acts with integrity. Governance is the combination of processes established and executed by the directors (or the board of directors) that are reflected in the organization's structure and how it is managed and led toward achieving goals. Risk management is predicting and managing risks that could hinder the organization from reliably achieving its objectives under uncertainty. Compliance refers to adhering with the mandated boundaries (laws and regulations) and voluntary boundaries (company's policies, procedures, etc.).
POLICIES & PROCEDURES
The governance framework for any organization will consist of Policies and Procedures, which are written documents that provide guidance on how to conduct the organization business. They explain the actions that must be taken and the processes to be followed when carrying out certain tasks. Policies and procedures help ensure consistency, clarity, fairness and efficiency in the workplace. They may include rules, regulations, and guidelines that set out expectations and provide direction to staff and other stakeholders. Businesses, much like other organized entities, require guidelines and standard operating procedures in order to function smoothly and consistently. SC helps organizations develop, update and revise policies and procedures related to Finance, Supply Chain, and Human Resources. A “Policies and procedures” document is a business document that organizations use to describe the framework of approaches and various guidelines that its employees, stakeholders, and management follow while conducting operations. Policies and procedures are a company’s lifeline, allowing them to produce quality goods and services for its customers. A policy is a set of rules or guidelines for your organization and employees to follow in or to achieve compliance. While a Policy answers the questions about a) what needs to be done and sometimes also b) why it is done as such; a Procedures document will detail the instructions on how it is done.
