Industries
Governance, Risk and Compliance management challenges vary significantly from industry to industry. CURA’s solutions are designed to create a single system for all GRC information.
This helps make risk and compliance initiatives more effective and efficient, leading organisations to operate more smoothly toward achieving their overall goals. It is within this environment that the Chief Risk Officers (CRO) and Chief Compliance Officers (CCO) are enabled to communicate more transparently.
Flexible Capabilities Across
Industries
CURA’s Governance, Risk and Compliance solutions can help address major business challenges and streamline activities in these functions across a variety of industries.
Specific challenges across these industries include:
- Access to credit and capital
- Increased regulatory overhead
- Uncertainty over economic growth
- Management of under-performing assets
- Cost containment
- Consumer transparency
- Reputation management
- Management of nonfinancial risks
- Managing multiple supply chain members and increased competition
- Pricing challenges from competition, reimbursements and government policies
- Environmental, health & safety (EH&S/WHS) risks
- Managing reputation risk
- Challenges and costs of skilled resources recruitment and retention
- High cost in research and development and achieving return on investment
- Environmental, health & safety (EH&S/WHS) risks
- Access to capital, liquidity and credit
- Managing quality and stakeholder expectation
- High cost of maintaining aging infrastructure
- Increased regulatory pressure
- Increased regulatory and compliance pressures
- Higher degree of privacy standards and requirements
- Managing cost reductions and patient payment challenges
- Generic medication safety issues
- Increased frequency of unforeseen costs such as medical malpractice
- Issues and worker compensation
- Increased shortage in skilled professionals such as doctors and nurses
- Managing capital allocation and expenses to contain cost
- Consolidation leading to increased competition
- Rapid convergence of services and devices
- Increased regulatory and compliance pressures to meet industry standards
- Greater need for effective internal processes and systems
- Managing supply chain partners and quality output
- Privacy and security of myriad devices, and fraud management from
- greater use of mobile devices and applications
- Environmental, health & safety (EH&S/WHS) risks
- Limited supply of energy resources, capital, liquidity and credit
- Volatility in both demand and commodity prices
- High cost of maintaining aging infrastructure
- Managing distributed global operations (sometimes in remote areas)
- Volatility in both demand and commodity prices
- High operating and capital costs
- Environmental, health & safety (EH&S/WHS) risks
- Climate change
- Increased regulatory pressure including social responsibility, mining rights, clean air and water regulations, etc.
- Managing capital allocation and expenses to contain cost
- Increased competition through industry consolidation
- Rapid convergence of services and devices
- Increased regulatory and compliance pressures
- Greater need for effective internal processes and systems
- Privacy and security issues created by new platforms and applications (i.e. mobile banking)
- Managing multiple supply chain partners and increased competition
- Pricing challenges from competition, reimbursements and government policies
- Environmental, health & safety (EH&S/WHS) risks
- Managing reputational risk
- Increased regulatory pressure including social responsibility, social movements etc.
- Environmental, health & safety (EH&S/WHS) risks
- Limited supply of energy resources, capital, liquidity and credit
- Volatility in both demand and commodity prices
- High competition to access of new reserves
- Scarcity in natural resources
- High cost of maintaining aging infrastructure
- Increased regulatory pressure including social responsibility, mining rights, clean air and water regulations, etc.
The following benefits can be realized with an improved the risk and compliance function:
-
Provide a complete and accurate enterprise view into risk.
-
Ensure compliance with several regulations across multiple geographies within cost and time constraints.
-
Contain internal fraud, malpractice and false claims.
-
Link risks to root causes, events, hazards and other elements of governance, risk and compliance.
-
Reduce risk in supply chain.
-
Create a single, integrated view of risk and compliance across the organization.
-
Manage information duplication and redundancy.
-
Manage project risk and govern investments.
-
Consolidate audit management for diverse processes.
-
Strengthen risk cultures and involve boards more closely in key risk decisions. Improve first, second and third lines of defense.
Best Practice
Solutions
CURA Software delivers best practice solutions, enabling companies to:
Implement Enterprise Risk Management best practices
through a flexible, easy-to-use information system that allows organizations to identify, analyse, evaluate and treat both risks and opportunities.
Loss Events, Whistleblowing and Case Management
complete with 3rd party integration and advanced scenario analysis with documented investigations and audits.
Comply with Health, Safety and Environment
regulations with capabilities to capture, record, investigate and audit HS&E issues.
Vendor Management
provides a more streamlined process to managing and procuring staffing services.
Create a single, integrated system of record
for all risk and compliance related information.
Provide real-time visibility
into the state of risk and compliance management to all levels of the organization with interactive dashboards and reports.
Audit Management
allows efficient consolidation of disparate audit requirements and results.
Develop quantitative risk models
and develop “what-if” scenarios for enterprise risks, capital investments, project risks and more.
