Whether you are looking to implement new GRC software or change an existing GRC platform to something more suited to your needs, there is lots to consider!

Without proper planning and scoping, you may end up with a solution that doesn’t meet the individual requirements of your business, has hidden customisation costs, or doesn’t get the uptake required due to lack of buy-in from leadership and poor staff training.

To make sure your next GRC implementation is a success (or work out where your last one went wrong), check out these 8 crippling pain points of GRC implementation, to make sure you avoid them.

Two words typically dominate any diskussion about business change in today’s internet-enabled world: digital transformation. Few businesses can keep pace with dynamic business, market, and regulatory requirements without putting the digital wheels in motion – and their motivation for this strategic adoption of new technologies is compelling: improve processes and productivity, deliver better customer and employee experiences, manage risk, and control costs.

In the modern business world, where doing things holistically is a Board directive, adopting an enterprise-wide approach to managing governance, risk and compliance (GRC) is a no-brainer. Unlike other business philosophies that have come and gone, this is no fad; it is a forward-thinking way of working that has taken root across industries. Unfortunately, organizations often struggle to implement GRC in an integrated and synchronized manner, aligned with business processes and strategic objectives – and it is easy to see why.

A quick check of the global pharmaceutical (pharma) industry’s temperature shows that it is in good health: worth approximately $934.8 billion in 2017, it is estimated to reach over $1,170 billion this year. This encouraging prognosis has been aided by several factors – from rising incomes and enhanced medical infrastructures to rapid advancements in the treatment of chronic diseases and the prevalence of patented products.

We hear a lot about the ‘risk landscape’: a turbulent place where change lurks around almost every corner and variables abound. This powerful metaphor brings to life the need for firms in the financial services sector to navigate through the risks and pitfalls between where they currently are as an enterprise, and where they should be. One event – the global financial crisis – reshaped the topography of the space by changing business conditions and regulatory requirements. Analysts now identify three distinct periods within the financial services risk landscape over the last two decades:

We are delighted to announce that Camms.Risk was once again named as a “High Performer” in the GRC Platform category of G2’s Spring 2021 Report. The accolade marks the 10th consecutive quarter that Camms.Risk has been recognised as a “High Performer” in this category.  

How organizations can #ChooseToChallenge to mitigate risks

“In times of adversity and change, we really diskover who we are and what we’re made of”.

When you choose to challenge, you choose to create change. How will you challenge today, to change tomorrow?

Year on year, International Women’s Day has grown to illustrate the relevance and joy that comes with challenging the status quo, sharing experiences, and taking pivotal steps towards progress together. While this year’s International Women’s Day is bound to be quite different with the ongoing pandemic crisis, it remains a global day to celebrate the social, economic, cultural and political achievements of women and raise awareness against gender bias. 

It might sound extreme, but the cost of keeping risk management and corporate strategy separate can be the success of your organization.

All too often the senior team focus on setting the big picture strategy, with risk and compliance working at a purely operational level.

Here at Camms we have been working over the last 20 years to eradicate this diskonnect, and give organizations the right tools for success.

In our recent webinar, The Journey to Success Starts with Risk & Strategy Integration, which I co-hosted alongside our guest speaker Norman Marks, he shared his views about improving business outcomes and success by bringing risk and strategy together.

Words without substance are often par for the course in the world of workplace health and safety (WHS). How often do we hear executives exclaim that they are planning to adopt a holistic approach to WHS that lays the foundation for a top-down and bottom-up culture, but fail to turn their good intentions into action? This commendable strategy might sound good in boardrooms and look good on paper, but all too often it lacks the structure required to do anything meaningful about it. So, how can businesses successfully ensure this common goal is converted from hollow buzzwords into a proactive WHS culture?

When looking ahead through 2021, it’s understandable that business leaders around the globe will be feeling apprehensive about locking in their strategic plans. While most businesses traditionally look to set strategy and a roadmap at the beginning of the year, now is the time to consider a new perspective – a fresh take that supports the “new world” momentum of 2020 into 2021 and beyond.

Camms Group – a next-generation provider of integrated solutions in risk, strategy, projects, and people – is pleased to announce that Andrew Cutter has joined the business as Regional Vice President for North America.

While 2021 might already be a couple of weeks old, the question remains: has your organization taken the time to look back on 2020 and re-evaluate how prepared it was to support its employees and customers, while continuing to deliver critical services and products during the turbulent times that the COVID-19 pandemic brought on? 

We don’t need to channel our inner historian to chart the Governance, Risk and Compliance (GRC) timeline. While organizations have been governed, and risk and compliance managed, for as long as we can remember, the GRC acronym is still a relatively modern-day approach – first entering the common vernacular in 2003. Fast-forward four years and the fledgling concept began shifting through the gears, when the first academic paper on the subject was written by OCEG founder Scott Mitchell and published in the International Journal of Disclosure and Governance – a ground-breaking moment that solidified the three elements and influenced an entire market of software and services.

Camms Group – a leading provider of integrated risk management technology – is proud to announce its membership on the OCEG (formerly the Open Compliance and Ethics Group) GRC Solutions Council. Camms’ ability to develop, implement and support integrated solutions in risk, strategy, projects and people, makes its addition to this global GRC think tank and community an exciting one – providing them with a platform to educate the market and help their fellow council members manage their GRC requirements more effectively.

The Brexit process is not known for its rapid progress. Erstwhile PM, David Cameron announced the EU referendum would happen way back in February 2016, but Brexit didn’t become reality until January 2020 – following two general elections, three PMs and seemingly endless uncertainty.

COVID-19. Never before has one year been dominated globally by one unifying, terrible issue. It has impacted our health, our daily lives, freedom of movement, our businesses and our politics. 2020 has been the year of the global pandemic.

We have reason to be celebrating again! We are proud and excited to announce that Camms.Risk, our industry-recognized risk management solution, was once again named as a “High Performer” in the GRC software category on G2’s Winter 2021 Grid Report.

Established in 2016, Tilt Renewables is a leading developer, owner and operator of renewable energy generation assets across Australia and New Zealand.

If you’ve been following the news in 2020, and let’s be fair, who hasn’t, you may have noticed – between the headlines of US election drama and burgeoning pandemic numbers – that cyber crime is well and truly on the rise.

From Australian Prime Minister, Scott Morrison’s alarming announcement in June, that a foreign government had been diskovered undertaking “malicious” cyber attacks against Australian government agencies; to the numerous hacking scandals plaguing the 2020 US election race.

But it’s not just the largest organizations who are at risk of cyber attacks – many organizations and businesses moving to work-from-home arrangements earlier this year fell victim to opportunistic cyber criminals, making the most of easy access to remote IT systems.

In September, global IT and tech news site ZDNet, reported that there had been a “sharp rise in sophisticated hands-on hacking campaigns” in 2020, with the first half of the year showing more incidents than all of 2019.

The findings came from a report from cyber security company Crowdstrike, and were based on “potential hands-on intrusions” identified by their research team.

“The first half of 2020 saw 41,000 intrusions, a higher figure than the 35,000 detected during all of 2019, according to the company,” Danny Palmer, author of the ZDNet article reported.

“Hands-on campaigns are based around hackers gaining access to the network – often via leaked or stolen credentials to an employee account or an exposed RDP server – then using the legitimate access those accounts or systems offer to move across the network, gradually securing the means to gain more and more access.”

GRC rolls off the tongue nicely and suggests that all components are working together in meeting the organization’s objectives.

We are excited to announce that our industry recognized Risk Management Software Solution, Camms.Risk, was yet again named as a “High Performer” in the GRC software category by G2 in their Fall 2020 report. This marks the 3rd consecutive quarter in 2020 Camms.Risk has been recognized by G2 in its quarterly Grid report.

Transferring products from A to B quickly and efficiently is the name of the game in the constantly moving world of transportation and logistics. Unfortunately, a myriad of variables means this process is rarely as easy as ABC at the best of times – and 2020 is proving more algebra than alphabet. Navigating a clear course within the sector has never been so challenging. Existing risks have been overshadowed – or in some cases accelerated – by an unprecedented global event that has brought the importance of organizational resilience into sharp focus: the COVID-19 pandemic.  

Major banking institutions have been at pains to stress their determination to overhaul their ability to combat financial crime of late – following a string of high-profile corruption scandals. Unfortunately, these claims appear to be words without substance after a disturbing tale of leaked documents, dirty money, and international crime emerged – one that sounds more like something from a Netflix crime drama than the world of regulatory compliance.

The rapid spread of the COVID-19 pandemic has completely blindsided society in 2020, with devastating effect. But was this cataclysmic event a black swan? It appears not. According to the National Risk Register – an overview of the risks of major emergencies that could impact the UK in the next five years – the threat of a pandemic was firmly on the government’s radar: “experts agree that there is a high probability of another influenza pandemic occurring, but it is impossible to forecast its exact timing or the precise nature of its impact.” In fact, of all the high consequence risks outlined in the register – from severe weather to terrorist attacks – a pandemic was considered to have the highest potential impact.

This threat wasn’t classified information reserved for senior figures in Whitehall; it had filtered down to local government level. Take Camden Council, for example, which – like other local authorities – already had information about pandemic risk fed to them by Public Health England. Camden subsequently rated a ‘pandemic flu’ as a 4/5 likelihood and 5/5 for potential damage on its risk register – proof that more high-profile risks like terror and cyber-attacks weren’t their only focus when it came to organizational resilience.

What a difference a year can make. Cast your mind back to 2019: the global defense sector was on the offensive due to budget increases and military modernisation was the plan of attack, as growing security concerns forced governments to invest heavily in new equipment. So much so that international defense expenditure was forecast to grow between 3% and 4% in 2020 to reach an estimated US$1.9 trillion – driven by increased spending in the US, Russia, China and India.

Successful organizational resilience relies heavily on the four sights: insight, foresight, oversight and hindsight. Unfortunately, anticipating and preparing for sudden

Effective enterprise risk management has never been more critical.

McKinsey & Company published an insightful article in March 2020 – Beyond coronavirus: the path to the next normal.

Kevin Sneader and Shubham Singhal stated, that to win the war against Coronavirus required action across five horizons: Resolve, Resilience, Return, Reimagination, and Reform.

The impact of the massive global disruption from the COVID-19 pandemic during 2020 has been felt in virtually every organizsation, workplace, and household around the world. With or without an effective vaccine, the pandemic’s far reaching impacts will be felt globally for some time to come. 

We all know that reporting safety incidents in the workplace is essential to managing risk, but with the advent of COVID-19 the relationship between risk and incident has taken on a whole new meaning.

Camms has continually evolved since we were founded in 1996! With nearly 25 years of experience in business software solutions, we have continually invested in making our software right for supporting organizations to achieve their goals.

Camms, a next generation provider of integrated solutions in risk, strategy, projects, and people is pleased to announce that experienced President, Barbara Walker has joined the organization as the new President of North America.

Nothing highlighted the necessity of integrating your risk management framework with your strategic operations more than the global pandemic of 2020.

As councils focus on protecting employees, their elected members and members of the community from the ongoing pandemic, virtual meetings have become the norm.

To provide our customers with assurance around Camms’ ongoing commitment to information security management, we are pleased to announce that we have recently achieved certification of the ISO 27001:2013 standard for our major offices around the globe. This followed an in-depth set of assessments over the past 6 months including onsite audits in all locations.

The largest implementation partner of Adaptive Insights in the APAC region, GK Horizons, are trusted by their customers across various industry verticals to improve not only their financial insights but their business agility and overall performance. 

Today’s climate proves that both local and global events can significantly impact the strategy and operations of an organization. With key attributes in today’s volatile and uncertain environment being agility and flexibility,

In the context of the current corporate landscape, it no surprise that the concept of risk is inevitable and inherent,

What does it mean to be a leader in these uncertain times?

The impact of COVID-19 has presented major challenges to people and organizations around the globe. Business leaders are managing the crisis

The year 2020 could be characterized by comments like “We didn’t see that coming” or “Well, that escalated quickly”.

Are you concerned about the restrictions imposed by running your risk management out of spreadsheets?

Tomorrow needs pace, agility and quick decisive management. Today is the day to invest in the right risk management software. Rapid change is a constant in today’s environment.

As COVID-19 continues to disrupt the business world and organizations are forced to adjust

CAMMS was excited to take part at the recently held LG PRO Annual Conference. As the largest and most notable Local Government Conference in Australia,

How do you manage SM & CR compliance?
SM & CR has been a catalyst for change,

Sustainable Software Development refers to a set of principles and practices which enables a team to maintain an optimal speed in development indefinitely for the sustainability of the development team and ergo, the company.

It was a fantastic opportunity for CAMMS to take part in the RMIA Annual Conference 2019

Camden Council is one of the fastest growing Local Government Areas (LGA) in Australia,

Enterprise risk management has a primary objective of ensuring organizations comply with legal and regulatory obligations needed to conduct business.

An organization’s reputation is highly significant in achieving its goals.