IRM

Integrated Risk Management (IRM) is an industry term that spawned from Governance, Risk, and Compliance (GRC), and is a holistic approach at business management, with a focus on integrating the entire value chain of protections that you have put in place to help mitigate unfavorable outcomes. It is more than just GRC, in that it also considers elements such as regulatory change management, government relations, process governance, audit, business continuity, disaster recovery, and so much more. 

The keys here are in how, or if, your business identifies and understands its current capabilities, and making the decision to focus on an appropriate strategy to drive proactive engagement. A risk strategy will not work if the plan is just to react to unfavorable events after they occur.  There are numerous paths to success, but the most successful businesses who implement an IRM strategy invest in a system or series of systems that help identify gaps, enable communication and provide a consistent set of expectations between operations, compliance, and audit.

The first step is scheduling a free phone assessment with one of our experts so we can understand a few basic details about your program, and your expectations of what you would like to achieve. Contact us to learn more about our process and approach.