Skip to content Business Need
Establish a robust governance, risk management, and compliance (GRC) framework that ensures IT infrastructure security, scalability, and alignment with business operations.
Business Challenge
Our client relied on a fragmented, manual approach using spreadsheets to manage risk, compliance, audit, policies, and issues. This led to inconsistencies, silos, and lack of visibility, making enterprise-level risk analysis and decision-making difficult. The absence of a formal risk management process added to regulatory pressures, economic uncertainties, and limited transparency, resulting in an unclear view of enterprise risk and compliance.
To modernize operations, the client sought an integrated GRC framework to align IT activities with business objectives, eliminate silos, and enhance transparency. Their goal was a scalable, enterprise-wide model to improve risk oversight, governance, and compliance, with a focus on financial services.
Business Solution
To address these challenges, the client adopted NuSummit’s GRC framework, implementing a federated approach to unify GRC operations and foster a strong risk culture. This solution provided a “single source of truth” and delivered the following benefits:
- Comprehensive Enterprise Risk View: A complete, accurate view of organizational risks.
- Regulatory Compliance: Streamlined compliance with diverse regulations across geographies within budget and timeline constraints.
- Fraud Mitigation: Enhanced internal controls to reduce fraud risks.
- Root Cause Analysis: Linked risks to underlying causes, events, hazards, and other GRC elements.
- Project and Investment Risk Management: Improved governance over project risks and investment decisions.
- Unified Risk and Compliance Dashboard: A single, integrated view across the organization.
With NuSummit’s GRC framework, the client became a pioneer in large-scale GRC implementation, achieving project completion within budget and timeline, and positively impacting the bottom line.
Tech Stack
GRC Platform:
- ServiceNow
Infrastructure as Code (IaC) and Cloud Provisioning:
- HCP Terraform
Business Impact
- Cost Efficiency and Enhanced ROI: Streamlined GRC operations, reduced costs, and boosted return on investment.
- Optimized Resource Allocation: Reduced cloud sprawl and minimized capacity planning errors.
- Simplified Management: Rank-based hierarchical validation improved ease of management.
- Automated VM Lifecycle Management: Automated processes for efficient virtual machine management.
- Regulated Compliance and Log Management: Improved adherence to compliance standards and better log management.
