Risks and the need for risk management among businesses are developing at a rapid pace. As an outcome, businesses now embed their risk management framework into the day-to-day operations of the entire business. However, these businesses also need good governance, which requires an underlying framework. Addressing this need, TriLine GRC automates risk assessment by creating a risk matrix as part of the risk framework to link operational risk to strategic objectives and compliance programs. The company’s GRC (Governance, Risk, and Compliance) software helps create a Governance Risk and Compliance System to manage operational compliance and operational risk management and limit market risk.
TriLine GRC focuses on providing customized, usable, and innate technology to companies who are actively committed to developing solid, sustainable, scalable GRC frameworks within their organizations.
The company offers a cost efficient GRC system that delivers assurance around governance processes, reducing the need for additional governance staff owing to automation and inbuilt reporting.
TriLine GRC has also offered its solution to Credit Union which was customized to their current risk management plan, processes, and methodologies. TriLine GRC’s solution was easily incorporated in Credit Union’s existing framework. The company’s systematic approach to risk management along with the email reminders containing the tasks improved Credit Union’s quality of compliance programme. TriLine GRC has partnered with Visual Risk, a leading provider of treasury solutions for corporate and financial institutions and Daniels Bengtsson, which holds decades of experience in the field of regulatory compliance, to better serve the customers. The company works with the aim to deliver advanced risk management, governance, and compliance solutions and is taking several initiatives to make that happen.