Managed Monitoring and Assurance is an emerging outsourced solution for the risk, compliance, and control activities that are usually not a priority for the company including:
- Commercial Compliance
- IT & Data Privacy
- Third Party Risk Management
- Contract Compliance
- Financial Controls
Managed Monitoring and Assurance helps companies improve their existing compliance and assurance processes by:
- Integrating with and centralizing a company’s existing (and often divergent) global monitoring and testing activities
- Applying advanced data analysis techniques (e.g., analytics, visualization, and surveillance), low-cost global delivery, and continuous process improvement.
- Aligning the entire monitoring and assurance program to the company’s risk assessment and strategic priorities.
The end product is a nimble, dynamic, and cost-effective approach that delivers better information to business leaders, helps them manage a growing list of organizational risks, and gives them the confidence to make decisions that drive innovation, growth, and profitability.