The risk assurance practice of Big Four firm PwC US has launched its Performance Governance, Risk and Compliance solution to help clients better manage risk and improve company performance.
Performance GRC combines solutions for risk management, compliance, business continuity management and GRC technology enablement to offer clients a holistic approach through a single platform, avoiding the increased costs and reduced coordination of an ad hoc approach.
Among other things, the service is designed to offer clients:
- Support for strategic priorities;
- A more effective early-warning system for emerging risk issues;
- Enhanced ability to spot gaps and optimize coverage;
- Enhanced visibility into interconnected risks across an enterprise;
- Metrics to support management decision-making; and,
- Cost control and greater efficiency.
“Our fully integrated Performance GRC offering enables value and corrects deficiencies of traditional GRC at every level, elevating an organization’s ability to prioritize risk as well as the business practices that support positive results,” said PwC’s Performance GRC practice leader, Brian Schwartz, in a statement. “By linking integrated GRC activities to key business performance drivers and strategic priorities, companies can operate in a more efficient and focused manner, leading to more informed decision making, lower costs and improved ROI.”
“Businesses recognize the need for change to address a marketplace challenged with new regulations and the cost of compliance and controls. Our new Performance GRC practice addresses the multidirectional business, technical and regulatory changes impacting organizations today,” said Dean Simone, leader of PwC’s US risk assurance practice, in a statement. “We’re bringing together our top resources through a streamlined platform that helps companies break down operating siloes, share important data, coordinate risk assessment and support productivity.”