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Insights and news for GRC & ESG
Empowered Systems Rebrands to Empowered: A Bold Step Toward the Future
At Empowered, we believe that our name should reflect our mission, vision, and the value we bring to our customers and partners. That’s why we are proud to announce our rebrand from Empowered Systems to
The Power of Gap Analysis and Risk Assessment in Proactive Business Management
In the fast-paced world of modern business, identifying opportunities for improvement and mitigating risks are key to staying competitive. Gap analysis and risk assessment are two essential tools that organizations can use to address inefficiencies,
The Importance of Hands-On Policy Lifecycle Management
Policies are the backbone of a robust governance, risk, and compliance (GRC) program, guiding employee conduct, business processes, and transactions. In today’s dynamic regulatory landscape, these policies must be continually assessed to ensure they remain
The Essential Guide to Enterprise Risk Management (ERM) Software: 7 Features Your Solution Must Have
Enterprise Risk Management (ERM) software plays a critical role in helping organizations navigate the complexities of modern business. With risks emerging from technology, regulation, and operational vulnerabilities, ERM software enables companies to identify potential threats,
Understanding Tail Risk: The Overlooked Giant of Enterprise Risk Management
Tail risk, characterized by events with low probability but high impact, is often neglected in traditional enterprise risk management (ERM). The rarity of such events makes them easy to overlook when everyday risks demand constant
Unlocking the Power of AI in Governance, Risk, and Compliance (GRC)
Artificial intelligence (AI) is reshaping nearly every aspect of business, and Governance, Risk, and Compliance (GRC) is no exception. While machine learning has long been used to analyze data and predict outcomes, generative AI—like ChatGPT—is
How to Identify and Mitigate Fragility in Your Business: A Guide to Resilience
Why do some businesses crumble under the weight of unexpected challenges while others emerge stronger? The answer often lies in their approach to risk management. A fragile risk process leaves your business vulnerable to severe
The Case for an Integrated Governance, Risk, and Compliance (GRC) Program: Driving Efficiency, Effectiveness, and Agility
In today’s fast-paced and interconnected business landscape, uncertainty is inevitable. To thrive, organizations need the tools and strategies to address these uncertainties, prevent unwelcome surprises, and confidently achieve their business objectives. An integrated governance, risk,
Navigating Banking Compliance: Top Challenges and Practical Solutions
In today’s fast-paced global financial landscape, banking compliance professionals face an ever-evolving array of regulatory requirements and internally driven demands. This dynamic environment is crucial for maintaining the integrity of the banking system, preventing financial
Leveraging AI in Risk Management: Opportunities and Challenges
Artificial intelligence (AI) has become a pivotal topic in the world of risk management, promising transformative efficiencies and deep insights. Yet, it also brings uncertainties that can make decision-makers wary. How do we balance these
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