Xactium

Xactium GRC is a suite of governance, risk, and compliance (GRC) solutions provided by Riskonnect. According to the vendor, this solution is designed to assist organizations in managing and mitigating risks, ensuring regulatory compliance, and enhancing overall governance practices. It is said to be suitable for businesses of various sizes and caters to industries such as financial services, healthcare, manufacturing, energy and utilities, as well as the government and public sector.

Key Features

Enterprise Risk Management: According to the vendor, Xactium GRC allows organizations to consolidate and map risk-related information to gain a holistic view of risks across the organization. It is claimed to enable real-time tracking and assessment of risks, streamlining risk assessment processes and facilitating proactive risk mitigation and decision-making.

Internal Audit: The vendor states that Xactium GRC provides a secure and expandable platform for managing the entire audit process. It is said to support audit planning, task assignment, and progress tracking. The solution is claimed to enable risk-based audits and assessments, helping organizations identify control gaps and improve internal controls. According to the vendor, comprehensive audit reports and dashboards can be generated to effectively communicate findings and recommendations.

Compliance & SMCR: Xactium GRC is said to centralize policies, procedures, and regulatory requirements, aiming to ensure continuous compliance for organizations. According to the vendor, the solution automates compliance monitoring and reporting, facilitating adherence to regulations. The vendor also claims that Xactium GRC offers Senior Managers and Certification Regime (SMCR) capabilities, allowing organizations to effectively track roles and governance structures.

Project Risk: The vendor states that Xactium GRC helps organizations reduce exposure and bring savings to capital projects. It is claimed to enable the identification and assessment of project risks, mitigating potential disruptions and delays. The solution is said to allow for tracking project risks throughout the project lifecycle and monitoring risk mitigation efforts. According to the vendor, reports and analytics can be generated to evaluate project risk performance and inform decision-making.