Efficient Risk Management is all about finding the right balance between taking measures to prevent things to go wrong, and limiting related costs, avoiding over-protection.

This balance can be reached when efforts are focused on the activities that will help your business to get a reliable, accurate, and transparent overview of its risks and their real impact, and to select the most appropriate approach to mitigate their consequences, considering technology, time, resources and cost constraints.

axl & trax can provide support to you throughout the whole Governance, Risk Management, and Compliance approach:

• Definition / review of internal policies
• Definition / review of corresponding methods to ensure appropriate and efficient  implementation
• Definition / review of ownership approach (with regard to processes, risks, rules, controls, etc)
• Definition of rules for proper Segregation of Duties (SOD Rule Set)
• Assessment of systems and processes against SOD rules
• Identification and evaluation of risks (financial or business related)
• Identification of gaps towards compliance (with regard to internal policies, SOX and other regulations)
• Definition / review of compensating controls and their related efficiency
• Optimization of existing controls: Migration of detective towards preventive controls to improve efficiency
• Optimization of existing controls: Migration of manual towards automated controls to improve effectiveness, and transfer the workload required for control activities from business people to the system

axl & trax can provide you with skilled consultants able to audit your manual controls but also application based processes and controls, using various tools (like CSI tools or SAP Business Object GRC suite)

What is the Added value of axl & trax?

Our GRC Consultants have a solid experience in Business Administration and IT, especially regarding Risk Assessment, Authorization Architectures, Business Control Frameworks, Architectural Security Services, and, Tracking Methodologies. They can assist you during all the different phases of your project. Even better, with the axl & trax methodology and tools, costs will be cut dramatically during the sprint phase, reducing the man/days and the project’s elapsed time. axl & trax also guides you during the “stay clean” phase to put all in place at a state of the art level.