GRC: The Turning point - compliance newly thought-out!

© Combionic | DR.-ING. KARL-HEINZ STERNEMANN | August 2014 Version: 8/12/2014 10:46:09 AM

INTRODUCTION

ComplianceThe Turning Point:

compliance newly thought-out


based on our paradigm:

COMBIONIC ‘s uspIn an enterprise one smart application platform but easily adaptable for

multiple solutions for a variety of businesses.

Activate human knowledge as well as imagination and combine these potentials with computing

power to an innovative and unique context based enterprise solution.

Our solutions support humans with global views on relevant information and documents, provide

options to act in the context of day-to-day situations and their working tasks.

E.g. automated audit-trails for Compliance or SEC-reporting per rule based editing for Legal.

COMBIONICEstablishes the human centric approach to enterprise IT systems by a

unique CONTEXT BASED ENTERPRISE SOLUTION


INFORMATION OVERLOAD In a fast changing world employees need to process unstructured

information more often than ever before; e.g. new and changing rules and

regulations are literally released on a daily basis.

Integrated ComplianceOne of the biggest challenges organizations are facing especially in the financial and insurance sector are managing the

significant and growing numbers of regulations and changes on, policies, country manuals, customer meeting documentations

and procedures that they are required to communicate to employees and demonstrating compliance to regulators, auditors and

senior management.

From a legal perspective, Policy Management in Companies is a must. It does not only ease policies creation and audit

preparation, but it should be a significant part of Governance-, Risk- and Compliance-Management (GRC). Policy Counsel,

Policy Desk, Compliance Officer and Legal departments are in charge to minimizing legal risks and to ensure employees acting

compliant and act compliant with laws, regulations and internal governance rules.

To be compliant is basic for everyone’s job. For many employees of the organizations GRC and the growing numbers on Policies

is confusing and disconnected from what they do in their day-to-day working tasks. It is no longer enough to have the proper

policies or GRC documentations e.g. as 120 pdf pages; you have to show the operational effectiveness.

Social Business CollaborationCollaborative Content Creation is not sufficiently supported today.

Systems used by enterprise workers have not been built to cope with

those challenges.


MISALIGNED TECHNOLOGYThe currently used technologies do not match present Governance,

Risk Management and Compliance (GRC) needs.

Organizations are realizing that the high misalignment oftechnologies indicates the demand for very agile anddynamic GRC information.

Furthermore in all day-to-day working tasks technologyarchitecture has to be integrated in order to aligndistributed systems and content feeds.

At the end of the day advanced reports shall be providedon the state of GRC plus their impact on the strategy of theorganization, its performance, objectives and integrity.

accordingly to:


THE CHALLENGESwill be met by creating content more efficiently using smart

Combionic-Technology integrated in already used productive

environments like Microsoft Office

Integration by ContextCombionc 's vision and strategy is targeting a wide range of industries, use cases and domain-specific

requirements with a great set of adaptable capabilities in content-, workflow-, analytics- and reporting-, and

Risk Life Cycle Management. Our solution embeds Policy Management as part of GRC in the day-to-day

processes and functions of all employees. Our solution uses patented context recognition & semantic

components. CONTEXT AWARE COMPUTING * is fully supported in Microsoft Office Applications as Word,

Excel or Microsoft Outlook.

* GARTNER Inc.: http://www.gartner.com/technology/summits/apac/business-process/agenda/track-3-transform.jsp?fnl=search&srcId=1-3478922254


THE CHALLENGESwill be turned into a solution using Combionic ‘s innovative

Business Gateway Technology. Letting people work in context

across multiple screens makes them productive and more

confident and is part of making consumption processes more

efficiently.

Relevance & AttentionFor decades process improvement has focused on efficiency. The thing about efficiency is it is finite. What’s next? I think

identifying and removing distractions. In a digital world, the process model is dead and will inhibit capitalizing on “business

moments.” Gartner describes these as “competition that appears from nowhere, disrupts, disappears, or transforms.” A focus

on increasing creativity, harnessing innovation and capturing business moments will require a different approach. *

Might we be spending more time at work being distracted from what we need to do than actually accomplishing what we set

out to do? Even if distractions erode 20% of a workday, this comes up to a lot of brain power left on the table. *

Combionic supports attention efficiently showing information and potential actions only relevant for the task at hand without

blocking access to further information.

Using Combionic ‘s innovative Business Gateway Technology is key for not working in an information shell.

* Elise Olding, GARTNER Inc.: Distractions: The next Stop for BPM, December 10, 2013


Contente.g. Contracts

Life Cycle Management

Compliance Life Cycle

Management

Big Data

People

ContentCommunication

Collaboration

BRAIN-AWARE-ENTERPRISEin our digital world, the old process and control model is dead and will inhibit

capitalizing on “business moments”. Gartner describes these as “competition that

appears from nowhere, disrupts, disappears, or transforms.” A focus on increasing

creativity, harnessing innovation and capturing business moments will require a

different approach. Inversion of Control (“system don´t call me, I´ll call you“), controlled

by human should be the new paradigm.

Communicate and publish content

Seamless act tocommunicate at any level

Knowledge, skills, experience, imagination … their network

What are people producing, sharing, collaborating on and managing?CONTEXT

*according to: Elise Olding, GARTNER Inc.: Distractions: The next Stop for BPM, December 10, 2013


smartWorking4compliance



Meet Laws&

Regulatory Standards /Obligations

Establish Business Context for Compliance &

to integrate in employees day-to-day working tasks and environments

Implement Metrics &

Track Operational Controls

Analyze & Define & Create &

Implement Policies, Procedures, Standards

ACHIEVE COMPETETIVE ADVANTAGE



Use what you already have …


The solution is an all in one and one for all solution.

Accessible via multiple devices. Content of policies, procedures, contracts and other specific textcomponents is likewise accessible by PCs, Tablets, Smartphones for all users.

Use of well known tools only. The solution performs in Microsoft Word, Excel or PowerPoint, beingintegrated in communication tools like Microsoft Outlook and Lync.

‘Application hopping’ not necessary. The solution directly processes all related policies and directlyaccesses all provided text components in its prevailing set-up.

Avoid ‘Dino-Applications’ - No proprietary user interfaces are needed, no additional trainingnecessary.

It suits authors as well as users of policies, compliance documents, procedures, manuals, etc…

The capabilities of dashboards in Microsoft Office provide management with an immediateoverview on the status of new compliance document pipelines.

VOICE OF CUSTOMER“All other solutions are showing us the ‘old fashioned’ GRC apps;

technology driven, focused on automated checks and control, based on

theoretical workflows and rules engines without the urgently needed

human support in a fast changing world.”


By compliance-at-you-fingertips you use being compliant as a competitive advantage!

Our customers have experienced that none of the competitive solutions directly support peoplein their day-to-day business. Neither providing integration into their primarily used Officeapplications, nor as a tool being part of the context in a dedicated situation!

Voice of Customer: “All other solutions are showing us the ‘old fashioned’ GRC apps; technologydriven, focused on automated checks and control, based on theoretical workflows and rulesengines without the urgently needed human support in a fast changing world.”

All competitors have built their more or less “cumbersome” application with specific clients orbrowser access. Where people have to jump onto the dedicated clients to find and to readwhole documents “only” to get the relevant input.

Combionic makes the difference by a competitive edge by smartWorking4compliance

VOICE of CUSTOMER“Brings Compliance solution close to the employees, the users. Be

prepared for mobility and new devices. Reduce process cycle time,

increase accuracy with human and content driven automated processes

and fulfill compliance.”


Contact: Dr.-Ing. Karl-Heinz Sternemann, e-mail: [email protected], phone: +49 30 8321 7950

mailto:[email protected]


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GRC: The Turning point - compliance newly thought-out!

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Transcript of GRC: The Turning point - compliance newly thought-out!