Regcomtech® Is The New Technology With Potential For Great Compliance Rewards.
Disruption is exploitation plus exploration. In this article, we suggest that just like the implementation of Governance, Risk Management, Compliance or IT Security (GRC) structure is a journey, both for the customer as well as the vendor. The journey starts where customers buy goods and services from the supplier to solve a problem. The vendor then stretches the product to generate more income or appeals to install more systems and e.g. links GRC services to products, a method that is made easier by the internet of things. The journey has then started for mutual growth and profits.
Master experts in business planning argue that companies should look for growth and profits in a niche rather than an area full of competition, where vendors dispute over the same business. In this situation, companies are often inspired to search for new ways to disrupt their product offerings and reinvent a business from zero bases.
Collaborative GRC implementation for Growth and Innovation platform
The disrupted zero base approach is implemented in stages. The first step always focusses on the product: how can you disrupt the merchandise to generate, desire, income or appeals to more people? A clear way is to provide added services with bits and pieces is to enhance the primary product or service by providing a steady revenue stream.
The second stage is to link services to products; an approach made easier by the internet of things. GRC has become a corporate hit because of the overlaps that companies and systems can avoid duplication as e.g. risks are increasingly connected both to governance, compliance and IT Security.
The first two stages provide the basis for the GRC and customer/vendor journey that is defined by the regulatory need for the customer to buy goods and services to solve a particular GRC problem. Enter RegComTech®
The prudent approach is to determine the development the whole enterprise, instead of a single department or division. Similarly RegComTech® addresses the duplication, integration, automation and streamlining of all issues, processes and systems, desired to address the mainstream of next generation regulatory compliance with components of Governance, Risk Intelligence, Compliance and IT-Security (GRC).
Manage complex risks by compliance to regulatory challenges
This enlargement of GRC services is instrumental in boosting efficiency by collecting structured data and then to use the data to provide or create more internal intelligence and GRC services. Therefore the RegComTech® technology is a journey that focusses on resolving critical compliance issues, particularly those with a regulatory dimension that can create more business or revenues. The RegComTech® team will work together to collect ultimate data on the organisational, regulatory, insight and are always updated on the best practices of regulatory expectations to widen the business scope and services offered.
Therefore the partnership with RegComTech® not only solves the GRC issues; the journey develops a cutting edge strategy with transformational ideas. RegComTech® disrupts and shakes the digital revolution to create value.
- RegComTech involves the components of good governance, risk management, compliance and IT security (GRC) to disrupt regulation, and enforce accountability, efficiency and transparency in technology.
- RegComTech automates regulatory compliance processes and provides risk intelligence to enable qualified IT governance and regulatory oversight disclosures.
For more information on how the new technology can provide you with potential for great rewards to your IT department and provide Governance, Risk Management, Compliance and IT Security value for the oversight authorities and stakeholders, see: www.regcomtech.com
