Industry leader shows how to align risk and control functions with business processes to improve corporate performance
BOSTON, August 15, 2011 – MEGA, a leading expert in governance, risk, and compliance (GRC) solutions for internal audit, will present the industry’s best practices at a popular upcoming conference. The IIA’s 2011 GRC Conference, in Orlando August 29-31, will educate internal auditors, risk managers, and executives on new trends and key areas in risk, control, and compliance.
At the conference, MEGA’s expert consultants will show how the MEGA Suite, a comprehensive GRC solution, helps internal auditors meet new regulatory challenges, coordinate with other risk and compliance functions, and enhance the value of internal audit to their company. MEGA GRC expert Patrick Wells will share the “Top 3 Internal Audit Best Practices” that companies are instituting.
“Internal auditors play a very important role in improving organizational efficiency. They bring a systematic, disciplined approach to determining whether company operations minimize risk and are under control. We work with audit departments worldwide, helping them adopt industry best practices that aid in meeting increased regulatory complexity and gaining more control over operations to improve business performance,” explained Daniel Hebda, vice president, MEGA.
Recent industry surveys have found that corporate performance improves when internal audit functions such as control, compliance, and risk are integrated with knowledge about an organization’s business processes. Internal auditors have been adopting GRC software that can easily link information about the company’s organization, efficiency, and risk profile with business process knowledge and how these processes relate to risk and control objectives.
“The most successful internal audit groups are using a comprehensive software solution that gathers up-to-date knowledge of how the organization operates, along with data on its risk, control, compliance, and business processes,” Hebda continued.
He pointed out that the scope of internal auditing has grown significantly, from finance to regulatory compliance to risk management to operations. The key today, he said, is for organizations to identify meaningful ways to use resources devoted to auditing and GRC to improve business performance and create more value for the organization.
MEGA is the only company that offers a fully-integrated solution linking GRC objectives with business processes to ensure performance optimization. The MEGA Suite, which supports the IIA internal audit methodology, provides a common repository that stores all pertinent GRC information for analysis and sharing. This inclusive database helps auditors provide executives and the Board of Directors with reliable and transparent information so they can make sound business decisions. It enables information consistency and sharing, best practices standardization, team collaboration, and reliable reporting.
Helping organizations meet regulatory and corporate governance goals and achieving greater business value from GRC activities is a key strength of MEGA’s GRC solutions and experts. The MEGA Suite is used by leading companies to improve audit quality, coordinate GRC processes, strengthen risk analysis, and establish a comprehensive corporate governance approach.
MEGA was named a visionary in the July 2011Gartner Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms. The company was also cited by Chartis Research a leading vendor in completeness of offering and market share potential in the enterprise operational risk and GRC solution provider category in their report, Operational Risk & GRC Software Solutions 2010 and has been named in GRC reports by Forrester.