“What makes a mature GRC approach – either at the departmental or enterprise level – different from an immature approach is how the organization utilizes process, technology, and information. Technology makes GRC and its individual components of governance, risk management, and compliance more effective, efficient, and agile.”
The award is presented by GRC 20/20 Research, the widely recognized GRC research firm. GRC 20/20 Research was founded by Michael Rasmussen, the industry’s pioneer in defining how enterprises can use governance, risk, and technology strategies to advance corporate goals.
Rasmussen said that MEGA’s integration of enterprise architecture (EA) and GRC capabilities in one platform “enables an organization to manage a GRC program that delivers value, aligns with core business strategy and objectives, and drives operational performance and process execution.”
The award, given to only 12 companies out of 57 nominations, recognizes innovation and excellence in GRC technology. Rasmussen will conduct a Research Webinar on January 31 at 2 pm EST to discuss the awards.
“Every organization does GRC, not every organization does GRC well,” explained Rasmussen. “What makes a mature GRC approach – either at the departmental or enterprise level – different from an immature approach is how the organization utilizes process, technology, and information. Technology makes GRC and its individual components of governance, risk management, and compliance more effective, efficient, and agile.”
MEGA’s GRC offering is based on a set of solutions powered by its new and innovative Holistic Operational Excellence (HOPEX) platform, which unites EA and GRC capabilities in a way that no other GRC or EA vendor provides. The new approach provides an operational governance solution that transcends individual technology solutions in both areas, creating a single platform for enterprises to effectively manage EA and GRC programs.
“GRC programs and initiatives can now include modeling capabilities, on top of which assessment and governance capabilities can be used by a large number of employees in the organization to assess and monitor business performance,” continued Rasmussen. “By leveraging EA and GRC capabilities on the same platform, GRC architects can utilize architecture capabilities to understand how their organization works and plan transformations, with execution capabilities to get the transformation implemented and assessed, in a continuous improvement approach.”
For more than 20 years, companies worldwide have relied on MEGA solutions to help them improve business performance. MEGA has long been regarded by its customers and named by industry experts as an innovator in helping companies improve corporate performance by providing a robust set of tools to evaluate and improve enterprise resources and processes.
MEGA has been named numerous times by Gartner, Inc. and Forrester Research as a leader in their Magic Quadrant and Forrester Wave reports on EA. The two research firms have also cited MEGA in their Magic Quadrant and Forrester Wave reports on GRC. In 2011 and 2012, Chartis Research named MEGA to the RiskTech100, its list of the world’s most significant companies in the risk technology sector. MEGA was also cited in Continuity Insurance & Risk Magazine’s Risk Assessment Software Report in 2010, 2011, and 2012.
MEGA International provides software solutions for enterprise architecture, business process analysis, and GRC. Based on the powerful MEGA Suite, its solutions are used by more than 75,000 people worldwide. Clients include Aetna, BAE Systems, Cardinal Health, Choice Hotels, Cox Enterprises, JC Penney, Medco Health Solutions, Nissan, and Procter & Gamble. www.mega.com.