Tools: RSA Archer, ServiceNow GRC, MetricStream, LogicManager, Excel for tracking. Master these basics first, you’ll build credibility fast even with no technical background.

3. Back Office (Operations, Finance, and Administration) Core Banking Systems - Facilitates deposit accounts, loan accounts, payment processing, and general ledger for banking operations. Example Providers: Temenos, Finacle (EdgeVerve), FIS (Core Banking). Accounting & General Ledger - Manages internal and external financial reporting, accounts payable/receivable, and reconciliations. Example Providers: Oracle Financials, SAP, NetSuite. Enterprise Resource Planning (ERP) - Integrates finance, procurement, human resources, and other operational data into a single system. Example Providers: SAP ERP, Oracle ERP Cloud, Microsoft Dynamics 365. Settlement & Reconciliation Software - Automates post-trade settlement, reconciliations, and corporate action processing. Example Providers: SmartStream, Duco, Broadridge. Payments & Cash Management - Manages domestic and international payments, treasury functions, and liquidity. Example Providers: FIS Global, ACI Worldwide, SWIFT-based solutions. Loan Origination & Mortgage Processing - Guides the lifecycle of loans from application to funding, and manages ongoing servicing for mortgages. Example Providers: Ellie Mae (ICE Mortgage Technology), Blend, nCino. Document Management & E-Signature - Digitalizes document processing, storage, retrieval, and secures e-signatures. Example Providers: DocuSign, Adobe Sign, Box, Alfresco. Expense Management & Invoicing - Simplifies employee expense reports, invoice capture, approvals, and compliance. Example Providers: Concur, Expensify, Coupa. 4. Treasury & Capital Markets Treasury Management Systems (TMS) - Manages cash, liquidity, investments, and risk across global banking relationships. Example Providers: Kyriba, Reval (ION Treasury), GTreasury. Capital Markets Trading & Risk - Integrates front-to-back trade processing for capital markets instruments (fixed income, FX, derivatives). Example Providers: Calypso (Adenza), Murex, Summit (Finastra). Financial Modeling & Valuation Tools - Runs complex valuation models for derivatives, bonds, and other structured products. Example Providers: FINCAD, Numerix, Bloomberg’s risk and valuation modules. 5. Compliance, Legal, and Audit Anti-Money Laundering (AML) & Fraud Detection - Monitors transactions and identifies potential fraudulent or illegal behavior. Example Providers: NICE Actimize, SAS AML, BAE Systems NetReveal. Governance, Risk & Compliance (GRC) - Ensures integrated management of governance, risk, and compliance frameworks. Example Providers: RSA Archer, LogicManager, MetricStream. Internal Audit Management Software - Plans and executes audits, tracks findings, and manages remediation actions. Example Providers: TeamMate (Wolters Kluwer), AuditBoard, Galvanize HighBond. RegTech Solutions - Automates regulatory reporting, identity management, and compliance checks. Example Providers: ComplyAdvantage, Suade Labs, TruNarrative. 6. Information Technology & Security Cybersecurity & Threat Intelligence - Protects against malware, phishing, and data breaches; provides monitoring and threat intelligence. Example Providers: Palo Alto Networks, Splunk, FireEye. Identity & Access Management (IAM) - Governs user access to systems and applications, ensuring secure authentication and authorization. Example Providers: Okta, Ping Identity, SailPoint. IT Service Management (ITSM) - Manages incident, change, and service requests for technology infrastructure. Example Providers: ServiceNow, BMC Helix, Jira Service Management (Atlassian). Cloud Infrastructure & DevOps - Provides virtualized infrastructure, continuous integration/deployment, and container orchestration. Example Providers: AWS, Azure, Google Cloud Platform, Kubernetes, GitLab. Data Warehousing & Data Lake Solutions - Consolidates large volumes of structured and unstructured data for analytics and reporting. Example Providers: Snowflake, Amazon Redshift, Cloudera, Databricks. API Management & Integration Platforms - Facilitates secure connectivity and data exchange between internal and external systems (e.g., Open Banking). Example Providers: MuleSoft, Apigee, Kong. 7. Human Resources & Workforce Management - Human Capital Management (HCM)Oversees recruitment, onboarding, payroll, benefits, and performance management. Example Providers: Workday, ADP, SAP SuccessFactors. Learning Management Systems (LMS) - Delivers compliance training, skill development, and professional certification programs. Example Providers: Cornerstone OnDemand, TalentLMS, Docebo. Talent Acquisition & Applicant Tracking - Streamlines candidate sourcing, application tracking, and interview scheduling. Example Providers: Greenhouse, iCIMS, LinkedIn Talent Hub. 8. Executive & Strategic Management Enterprise Performance Management (EPM) - Handles budgeting, planning, forecasting, and strategic modeling. Example Providers: Oracle Hyperion, Anaplan, SAP BPC. Board & Executive Collaboration Software - Provides secure collaboration, document sharing, and workflow for executive committees and board meetings. Example Providers: Diligent, BoardVantage, BoardEffect. Strategic Analytics & AI - Uses advanced analytics, machine learning, and AI to identify trends, predict risks, and optimize strategies. Example Providers: IBM Watson, DataRobot, SAS Viya. 9. Additional Specialized Solutions - Insurance & Policy Management (if applicable to bank-insurers)Automates policy administration, claims, underwriting, and risk analysis. Example Providers: Guidewire, Duck Creek, Sapiens. Digital Banking & Mobile Platforms - Delivers web and mobile banking apps, personal financial management (PFM), and omnichannel experiences. Example Providers: Backbase, Alkami, Q2. Alternative Lending & FinTech Integration - Connects financial institutions with FinTech platforms for peer-to-peer lending or alternative credit scoring. Example Providers: Zopa (in-house), Plaid (data aggregation), LendingClub (partnership model). Trade Finance & Supply Chain Finance Platforms - Manages letters of credit, guarantees, supply chain financing, and invoice discounting. Example Providers: Bolero, TradeIX, Finastra’s Fusion Trade.

Congrats to the companies listed on the ShortList for ERM/GRC by @DHenschen zurl.co/TRNW @ArcherIRM @diligentHQ @LogicManager @NAVEXGlobal @Resolver @ServiceNow

Using LogicManager, had a resource from the organize assist with doing the import of our risk assessment. Makes a great register, good for automating risks, and you can add one off risks when needed.

Risk Management in GRC— A critical component that involves identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events— it ensures that an org can achieve its objectives while adhering to regulatory requirements. Risk management is the process of identifying, assessing, and controlling threats to an org`s capital and earnings. These risks stem from various sources like financial uncertainties, legal liabilities, strategic management errors, accidents, and natural disasters. The key components of risk management: - Risk identification - Risk assessment - Risk mitigation - Risk monitoring Identifying potential risks is the first step, followed by analyzing them to determine their potential impact and likelihood. Strategies are then developed to manage and mitigate these risks, which could involve avoidance, reduction, sharing, or retention. Continuous monitoring of the risk environment helps identify new risks and evaluate the effectiveness of the strategies. Risk management is vital for protecting assets, ensuring regulatory compliance, supporting informed decision-making, and enhancing an organization’s reputation. Frameworks and standards such as ISO 31000, COSO ERM, and NIST SP 800-30 provide principles and guidelines to streamline these processes. Tools like RSA Archer, MetricStream, and LogicManager automate and streamline risk management efforts, while risk assessment tools such as BowtieXP and RiskWatch offer visual analysis capabilities. For ex, a financial institution implemented a comprehensive risk management program using the ISO 31000 framework and risk management software. This helped them reduce operational risks, ensure regulatory compliance, and improve decision-making, leading to enhanced business resilience and stakeholder confidence. Risk management is an ongoing process, requiring org`s to continuously evaluate and update their strategies to address new and emerging risks. - ISO 31000 Risk Management Standard: iso.org/iso-31000-risk-manag… - COSO ERM Framework: coso.org/Pages/erm.aspx - NIST SP 800-30 Guide: csrc.nist.gov/publications/d… - RSA Archer Suite: rsa.com/en-us/products/rsa-a… - MetricStream Risk Management: metricstream.com/solutions/r…

Tools I`ve used within the GRC space, drop what tools you use at work, if you don`t see them listed— • Archer GRC (RSA Archer Suite) - Provides integrated risk management solutions for compliance, audit, risk, and IT. • MetricStream - Offers solutions for governance, risk, compliance, and quality management. • LogicManager - A cloud-based solution for enterprise risk management, compliance, and governance. • OneTrust - Specializes in privacy, security, and governance tools that are essential for compliance with global regulations like GDPR. • Thomson Reuters Connected Risk - A risk management platform that helps organizations address risks and regulatory compliance. • NAVEX Global - Provides compliance management software, including ethics and compliance training and whistleblower hotlines. • IBM OpenPages - Offers a suite of GRC applications designed to help organizations manage risk and compliance. • Diligent - Known for its corporate governance and compliance software for boards and senior executives. • Wolters Kluwer CCH Tagetik - Provides solutions for compliance, risk management, and corporate performance management. • SAP GRC - Offers solutions for governance, risk, and compliance to help enterprises ensure regulatory compliance and risk management. • ServiceNow GRC - Integrates GRC solutions into an orgs existing workflows on the ServiceNow platform. • Lockpath Keylight - Delivers a flexible platform for managing compliance and risk issues. • Galvanize (formerly ACL and Rsam) - Provides audit, risk, and compliance software designed to connect governance, risk management, and compliance processes. • Riskonnect - Integrates risk management solutions across the enterprise in a single platform. • MCO (MyComplianceOffice) - Helps companies manage compliance tasks and reduce risk. • Compliance 360 - A part of SAI Global, offers a wide range of compliance and risk management solutions. • ZenGRC - Cloud-based software for managing compliance and risk with a focus on simplicity and integration. • Alyne - Provides cyber security, risk management, and compliance capabilities through a digital platform. • Reciprocity ZenGRC - Focuses on streamlining governance, risk management, and compliance processes. • Modulo Risk Manager - Offers detailed insights and management for IT governance, risk, and compliance.

TOP GRC TOOLS FOR YOUR USE: > RSA Archer: Best for Breadth of Features > LogicManager: Best for Risk Reporting > Riskonnect: Best for Internal Auditing > SAP GRC: Best for Real-time Visibility and Control > SAI360: Best for Monitoring Third-party Access > MetricStream GRC: Best for Flexibility and Customization > Enablon GRC: Best for Continuous Assessment > ServiceNow: Best for Automation > StandardFusion: Best User Experience > Fusion Framework: Best GRC tool for Visualization

Did you see the companies listed on the ShortList for ERM/GRC by @dhinchcliffe? bit.ly/3KBNpAb @ArcherIRM @auditboard @diligentHQ @DrataHQ @LogicManager @NAVEXGlobal @reciprocitylabs @Refinitiv @Resolver @SAI_Compliance @ServiceNow

GRC Work Tools RSA Archer: Best for Breadth of Features LogicManager: Best for Risk Reporting Riskonnect: Best for Internal Auditing SAP GRC: Best for Real-time Visibility and Control SAI360: Best for Monitoring Third-party Access

Be sure to catch my new ShortList for enterprise governance, risk, and compliance platforms. Congrats to: @ArcherIRM @auditboard @diligentHQ @DrataHQ @LogicManager @NAVEXInc @riskoptics @Refinitiv @Resolver @SAI_Compliance @ServiceNow #ERM #GRC #governance #IT #cio

Did you see the companies listed on the ShortList for ERM/GRC by @dhinchcliffe? bit.ly/3KBNpAb @ArcherIRM @auditboard @diligentHQ @DrataHQ @LogicManager @NAVEXGlobal @reciprocitylabs @Refinitiv @Resolver @SAI_Compliance @ServiceNow

GRC Tools and what they do RSA Archer: Best for Breadth of Features LogicManager: Best for Risk Reporting Riskonnect: Best for Internal Auditing SAP GRC: Best for Real-time Visibility and Control SAI360: Best for Monitoring Third-party Access

Some Best Paid GRC Platforms for you/your organization. > AuditBoard > IBM OpenPages > Workiva > LogicGate Risk Cloud > Hyperproof > SecureFrame > NAVEX One > LogicManager > Aptega > Protecht > ServiceNow Governance, Risk and Compliance > StandardFusion > Oracle GRC > Compyl

Did you see the companies listed on the ShortList for ERM/GRC by @dhinchcliffe? bit.ly/3KBNpAb @ArcherIRM @auditboard @diligentHQ @DrataHQ @LogicManager @NAVEXGlobal @reciprocitylabs @Refinitiv @Resolver @SAI_Compliance @ServiceNow

SOME GRC TOOLS FOR WHITE TEAM RSA Archer: Best for Breadth of Features LogicManager: Best for Risk Reporting Riskonnect: Best for Internal Auditing SAP GRC: Best for Real-time Visibility and Control SAI360: Best for Monitoring Third-party Access

Did you see the companies listed on the ShortList for ERM/GRC by @dhinchcliffe? bit.ly/3KBNpAb @ArcherIRM @auditboard @diligentHQ @DrataHQ @LogicManager @NAVEXGlobal @reciprocitylabs @Refinitiv @Resolver @SAI_Compliance @ServiceNow

📣 Big news! Wheelhouse Advisors reveals the Top 46 IRM Vendors of 2023 🏆! Discover the Market Leaders, Accelerators, and Pace Setters shaping the future of Integrated Risk Management. Get the scoop in our latest blog post 👉wheelhouseadvisors.com/riskt… #IRM #RiskManagement #TopVendors #6Clicks #Allgress #Aravo #Archer #AuditBoard #Axio #Camms #Corporater #Coupa #Cura #CyberSaint #Diligent #EcoOnline #EmpoweredSystems #EtQ #Everbridge #FusionRiskManagement #IBMOpenPages #Ideagen #KrollResolver #LogicGate #LogicManager #Mega #MetricStream #Microsoft #Mitratech #NasdaqESG #NAVEX #Novisto #OneTrust #Onspring #OrigamiRisk #Prevalent #ProcessUnity #Quantivate #RiskOptics #RiskLens #Riskonnect #RiskRecon #SAI360 #ServiceNow #Sphera #Ventiv #WoltersKluwerEnablon #WoltersKluwerTeamMate #Workiva

Why Every Business Needs to Incorporate Enterprise Risk Management #riskmanagement #entreprise #Leveragingtechnology #digitalplatform @tycoonstory2020 @TycoonStoryCo @reciprocitylabs @Deltek @Congruity360 @kafs_ke @LogicManager tycoonstory.com/business/why…

They will come soon @LogicManager Only 10 Ξ A fraction. logicmanager.com #ENS #ensdomains #ETH #Pelosi #China #NFTs #Web3 #Metaverse #Crypto

Any business is risky business, but there are some who excel at the fine art of risk management. Here are the ERM experts of 2022 Featuring: @Coinfirm_io @KenbrightUG @LogicManager @onspring @SwordGRC @NAVEXInc and more Take a look here: bit.ly/3xa5ijp #riskmanagement