The Lockpath Platform Approach to IRM
Improved business performance relies on timely and informed strategic decision making by executives and boards of directors. Such decisions often require these leaders to understand the rewards as well as the risks associated with their strategies, driving the need for true integrated risk management. The converging trends of globalization, digitalization, and reliance on third parties have created new and emerging types of risk. In response, organizations are increasingly adopting an integrated approach to risk management across key business functions to ensure their long-term success.
Integrated Risk Management (IRM) is the collection of practices and processes that offer businesses a comprehensive view of how they identify, assess and prioritize risk throughout their organization. When implemented through a centralized governance, risk management and compliance (GRC) platform, organizations can use IRM to gain a comprehensive view of their business and operations from a risk perspective — connecting individual risk disciplines and managing them in one centralized program.
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About NAVEX Global, Inc.
NAVEX Global is the worldwide leader in integrated risk and compliance management software and services. Our solutions help organizations manage risk, address complex regulatory requirements and foster an ethical, productive workplace culture.