The topic of Governance, Risk, and Compliance as a single concept (referred to as an integrated GRC approach) appeared on the market only recently, and the merging of GRC with the topics of strategy and performance is a very new trend. Over the last few years, corporate scandals, cases of fraud and corruption and other legal violations have led to numerous liability cases, damages claims, and loss of reputations. To manage corporate risks, implementing an effective GRC framework has now become more crucial.

The initiatives have begun among the organizations; they have reacted to the flood of national and international compliance laws and directives and have taken measures to ensure compliance. The task now is to integrate the individual activities, such as the Internal Controls, Risk Management, Internal Audit and the like to automate it, in order to achieve a balance between compliance and performance.

Established in 2007,SR TEKBOX offers ‘smartGRC™ ’as a comprehensive Governance, Risk, and Compliance system. SR TEKBOX has been helping companies to integrate and manage all their corporate Risks and Compliance’s onto a digital platform, easing its users with a holistic view and assessment of all their applicable Risks and Compliances while simultaneously helping them improve and standardize their Internal Controls and Audit Management framework. It also provides a unified platform to the Senior Management to identify, prioritize, and monitor risks across organization.

SR TEKBOX has been constantly studying and evolving with the GRC domain from the past 8 years. Trusted by one of the Big Four as the innovative and leading GRC solution provider, SR TEKBOX has successfully implemented smartGRC and its modules at leading corporates like Boeing, JCB, Yum India, Petronet, HMEL, Bank of Maharashtra, SRF, Michelin, Essel Group and over 40 other listed corporates across India.

Complying regulations with Responsibility

“For people who have been given the responsibility to comply with regulations, it’s important to understand that any lapse has its implications bound to people of higher authority which generally don’t have a direct control or view over the Risk and Compliance Framework.” Says Amit Garg, Managing Director, SR TEKBOX.

Standing true to this Statement smartGRC offers Senior Management and Key Stakeholders a single point access to monitor and analyze all activities of the Organization and have a bird’s eye view on any lapses. This GRC solution allows users to identify, implement, and monitor their organization’s Risk Framework to support organization’s regulatory compliance system, promote and strengthen a risk-based corporate culture and reduce Audit and Risk Mitigation related costs.

smartGRC Cloud

With the advent of Cloud hosting, SR TEKBOX has been quick in adapting to the shift in demands. As more and more business applications are moving to Cloud, smartGRC Cloud offers the fastest and quickest way for the GRC automation. SR TekBox has successfully deployed smartGRC Cloud for some of the reputed corporates across India, and provides an excellent ROI through rapid deployment of smartGRC with much lower investment than a traditional on-premise deployment.