Infor Governance, Risk and Compliance

Formerly Approva

Infor's Governance, Risk, and Compliance (GRC) solutions offer a comprehensive suite of tools and technologies designed to help organizations manage and navigate the complex landscape of regulatory requirements, risk management, and overall corporate governance. In a rapidly evolving business environment, maintaining compliance with industry regulations, mitigating risks, and ensuring ethical business practices are crucial for sustained success and reputation.

Infor's GRC solutions provide a unified platform that integrates various functionalities to streamline processes and enable organizations to make informed decisions. Here are some key components and features typically associated with Infor's GRC offerings:

1. Regulatory Compliance Management: Infor's GRC solutions assist organizations in staying up-to-date with industry-specific regulations and standards. The platform often includes features to track, analyze, and communicate regulatory changes, ensuring that the organization's policies and practices are aligned with the latest requirements.

2. Risk Assessment and Management: The GRC suite helps organizations identify, assess, and prioritize risks across various areas of operation. It offers tools to quantify and categorize risks, establish risk tolerance levels, and develop strategies to mitigate potential negative impacts.

3. Internal Control and Audit: Infor's GRC solutions facilitate the establishment and monitoring of internal controls to ensure compliance with policies and regulations. The platform assists in conducting audits and assessments, tracking findings, and implementing corrective actions to address identified gaps.

4. Policy Management: The GRC suite allows organizations to create, manage, and communicate corporate policies and procedures. It ensures that policies are easily accessible, up-to-date, and aligned with the organization's objectives and regulatory requirements.

5. Ethics and Compliance Training: Infor's GRC solutions often include training modules to educate employees and stakeholders about ethical practices, compliance protocols, and risk awareness. This helps promote a culture of compliance and reduces the likelihood of inadvertent violations.

6. Incident Management: The platform enables organizations to report, track, and manage incidents related to compliance breaches, risks, and other adverse events. It supports the resolution of incidents and helps prevent their recurrence.

7. Reporting and Analytics: Infor's GRC solutions offer reporting and analytics capabilities. Organizations can generate customized reports to provide insights into compliance status, risk exposure, audit results, and overall governance performance.

8. Workflow Automation: Automation features streamline GRC processes, reducing manual effort and ensuring consistency. Workflows can be configured for tasks such as risk assessments, policy approvals, and audit follow-ups.

9. Vendor and Third-Party Risk Management: Many GRC solutions include tools to assess and monitor risks associated with vendors, suppliers, and third-party partners, helping to ensure that they meet the organization's standards and compliance requirements.

10. Data Security and Privacy: In an era of increasing data regulations, Infor's GRC solutions often incorporate features to manage data security and privacy compliance, including data access controls and safeguards for sensitive information.

Infor's GRC solutions aim to provide organizations with a comprehensive approach to managing governance, risk, and compliance challenges, ultimately helping to foster a culture of transparency, accountability, and operational excellence. By leveraging these tools, organizations can navigate regulatory complexities, minimize risks, and enhance their overall business resilience.