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CIO Review >> Magazine >> July - 2014 issue

ProMinds Global: Providing a Strategic Approach to Tackle IT GRC Challenges

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IT Governance, Risk, and Compliance (IT GRC) are increasingly being recognized by organizations as a new approach to adopt integration of systems and methodologies to IT business, including SMB segments. Although the traditional focus of IT GRC is moving from mitigation and compliance to improving profits and minimizing loss, many organizations today still deploy small time tactical approaches that do not last long in effectiveness. ProMinds GlobalSolutions, headquartered in Hyderabad with offices in Chennai and USA, has carved a niche among SMBs by providing comprehensive GRC strategies that address the organization's IT security and governance needs by embracing the right technologies, mitigating threats, and regulations while providing sustained business value to its stakeholders.

Many enterprises today resort to short term tactical approach with reduced resources and lower budgets due to high resistance towards GRC. However, ProMinds understands that Sustainability and Effectiveness of Compliance is a function of various internal and external environmental factors and stresses on creating a solution roadmap to build an Integrated and Optimized Risk Management Framework with an efficient GRC control system that can help SMB’s derive better value.

ProMinds’competency at GRC management is better understood by how the company helped a mid-tier client save 60 percent of costs. The client handed over a set of business requirements and mandate from few strategic clients to have a clear IT GRC Strategy and demonstrate the same. The complexity with the presence of a few offshore clients with different regulations resulted in other compliance providers backing away. However, when ProMinds Global was entrusted with accomplishing this task, the ProMinds team proposed an integrated IT GRC roadmap for HIPAA, ISO 27001, SAS 70;and IT Security and OWASP compliance of their applications.By strategically reconfiguring existing IT assets and applications, and enhancing existing CMMI processes, ProMinds was able to save around 60 percent of the direct cost and over 50 percent of working hours. “The solution was deployed in a manner that Compliance was repeatable, consistent and improved on a continuous basis by the organization,” points out Balaji Selvaraju, CEO & Managing Director, ProMinds Global.

Balaji, having worked in the IT industry for over 15 years, and with rich experience in IT GRC as it evolved, has built ProMinds Global today to offer a range of IT GRC services to hundreds of clients in Governments, Defense, Private and Public Sector organizations. “As ProMinds is known for being a learning organization, we keep experimenting and carrying out studies /researches on new and emerging areas thereby leveraging the rich experience of working in different and complex business environments,” points out Balaji. The company’s IT GRC suite includes integrated GRC solutions, Vulnerability Assessments, Application Security and Penetration Testing of various IT Infrastructure and Applications. With rich experience in working in all sectors of various sizes and complexity, ProMinds hopes to become a leading player in the IT GRC arena. The team is currently working on an efficient GRC control system that can save and earn millions for SMBs’. The platform is poised to be launched as a Service model thereby reducing costs and enhancing client’s happiness.