Governance, Risk & Compliance
Governance, Risk Management and Compliance (GRC) encompasses the various policies and procedures that ensure an organization understands and controls its current and future business needs, and fully complies with all mandates applicable to their industry and operations.
ABACUS supports GRC standards such as ISO, Sarbanes-Oxley (SOX), Basel I / II / III and Six Sigma. Fulfilment of KPI's can be predicted through scenario modeling, be they financial, technical or business risks, and through ABACUS' unique reliability simulation approaches using Monte-Carlo techniques.
Continuous risk management techniques, including NASA’s CRM and Balanced Scorecard, are also fully supported. Using ABACUS' Monte-Carlo simulator, risks can be explicitly modeled and managed with detailed (and quantitative) understanding of how the IT risks affect the business.
Detailed compliance, DR/BCP and enterprise security modeling can be undertaken using ABACUS' powerful simulation techniques, to identify, improve and mitigate compliance and risk issues across all areas of the business. Charts, heatmaps, matrices, dashboards and reports can be produced to communicate areas where compliance violations have been detected, the relative costs to comply, and the financial consequences of non-compliance.