BOSTON--(BUSINESS WIRE)--MEGA will discuss the value of its corporate governance approach to managing enterprise complexity with chief risk officers, chief compliance officers, risk and compliance managers and internal auditors at the ISACA Spring Conference in Los Angeles, April 7-9.
While a company board defines corporate policies, individuals in the governance, risk and compliance (GRC) functions, such as risk management, internal control, quality assurance, internal audit and compliance, carry out the day-to-day operations to implement effective corporate governance that ensures accountability and transparency of a company's operations and management.
“They need automated methodologies and tools to ensure reliable financial reporting, efficient operations, and compliance with laws and regulations. This is also essential to break down the silos of information that have developed over time because of separate work groups and divisions that don’t have the means to collect, distribute or share information easily,” explained Michael Rasmussen, who will be the keynote speaker at the conference. Rasmussen is the founder of GRC 20/20 Research and an internationally recognized pundit on GRC.
Corporate governance and enterprise complexity are primary business challenges that companies face today. Organizations are trying to meet these challenges and improve performance through transformation projects. However, there is a high failure rate of transformation projects, some 70%, according to McKinsey & Company.
MEGA’s solutions deliver the capabilities to address these challenges by providing a comprehensive, interactive view of the business that helps companies better navigate and implement change, improve decision making and manage risks. Companies use the MEGA solutions to:
- manage the impact of regulations and policies on operations
- assess the business risks of non-compliance
- implement preventive and corrective actions to mitigate risk exposure
- ensure regulatory and policy compliance through internal controls
“MEGA’s unique vision is to help customers achieve operational excellence with the combined capabilities of its enterprise architecture and GRC technologies. MEGA has showcased its superb risk and control management, GRC management and audit management capabilities,” according to The Forrester Wave™: Governance, Risk, and Compliance Platforms, Q1 2014.
MEGA has been cited in numerous analyst reports on strategic solutions for enterprise governance, including enterprise architecture (EA) and governance, risk and compliance (GRC). Gartner Inc. has named MEGA as a leader in its EA Magic Quadrant reports for five consecutive years, including the most recent, the Magic Quadrant for Enterprise Architecture Tools (October 2013). Additional citations by analyst firms include The Forrester Wave: EA Management Suites, Q2 2013, Gartner’s Magic Quadrant for Governance, Risk and Compliance Platforms (September 2013), Chartis Research’s RiskTech 100 report and Continuity Insurance & Risk Magazine’s Risk Assessment Software Report.
MEGA has been helping organizations manage enterprise complexity and business transformations for more than 20 years, with software solutions that assist its customers in moving ahead of their competitors. Customers include Aetna, The College Board, Express Scripts, Johnson & Johnson, Nissan, Procter & Gamble, Starwood Hotels, Swiss Federal Railways, and Walgreens.