a. One system across Risk, Compliance, Internal Audit and Internal Controls, minimizing duplication of work and allowing areas of higher risk to be identified and targeted. b. Risk reduction from greater visibility of risks, control assessments, issue management and root cause analysis, and reporting. c. Provide automated reporting with dashboards (e.g., by branches/ projects), providing better efficiency gains, through a reduction in time spent performing manual tasks. d. Increased automation and efficiencies (risk reporting and analysis). e. Reduced hours on manual processing (example gathering data on risk metrics for branches). f. Scalable and adaptable, future-proof solution able to adapt with growing regulatory and reporting demands.
