BOSTON, March 30, 2015 - MEGA International has been named a leader in the Hypatia Research Group report, The Convergence of Enterprise Governance, Risk & Compliance Solutions.
“MEGA’s international focus gives it a strong understanding of international regulatory issues, a key capability for global companies who need to understand everything from Sarbanes-Oxley and Dodd-Frank in the US to JSOX in Japan and Basel II in Europe. It covers all the important bases of audits and controls, but also tackles operational and performance issues that forward-thinking enterprise are using GRC tools to address,” the report said.
The report continued its assessment of MEGA by saying, “we were also impressed by its longevity … and its broader corporate focus on operational governance, enterprise architecture, and application portfolio management. This denotes an important understanding of GRC as an enterprise tool, not a limited point solution targeting a specific and narrow problem.”
Hypatia surveyed 664 end-users of GRC software and evaluated 20 GRC vendors for this report, which discusses best practices, provides benchmark information and evaluates vendors.
The report offers a fresh approach in evaluating GRC solutions, recognizing GRC as an important corporate-wide process that contributes to performance improvements, not just a point activity performed under pressure to meet compliance requirements.
“Hypatia Research believes that the GRC software segment has a great potential to benefit not only ease in passing audits, but to support corporate performance management goals,” continued the report.
The analyst firm also recognized the value of using GRC software solutions to provide executives with a holistic view of the company to support improved decision-making. MEGA offers an enterprise-wide ‘single source of truth’ about corporate processes, resources and risks.
“… not since ERP applications became popular has there been an application that so intensely requires equal attention paid to people, process, and technology,” the report continued. “But, as with ERP, enterprise-wide GRC provides an unprecedented level of consistency, of accuracy, or auditability that is vital when it comes to understanding not only how the enterprise works, but how it can work better through deeper insight and better controls.”
MEGA has been recognized as a pioneer in linking GRC activities to a broader understanding of the enterprise as a means to conduct corporate-wide risk management that results in improved performance. MEGA helps companies integrate eGRC software solutions adoption within a global GRC architecture approach. This provides an effective means to control all dimensions of digital transformation and stay ahead of competitors. The MEGA software helps executives gain important visibility and insight into strategy, processes, risks and resources, so they can make better decisions in today’s complex business environment.
MEGA’s software provides the means to record and analyze a united, interactive view of the whole business. This comprehensive information can be shared by many employees, work groups and managers across division lines or geographies to increase collaboration and aid managers in making sound business choices to achieve business transformation and reduce risks.