If making money right now is not at the forefront of the minds of the banking and finance industry, reducing and managing risk is certainly high on its list of priorities. A second convergence is the demand for enterprise applications to be delivered as software-as-a-service (SaaS).
UK-based GRC software developer Xactium believes it has the solution to both issues with Xactium On-Demand GRC – a native enterprise application for the Force.com platform - a SaaS and platform as a service solutions with over 1.5 million users worldwide, and over 55,400 customers.
A new whitepaper, available at http://www.xactium.com/grc.php , has been published to demonstrate how the Force.com platform suits the GRC environment.
Faced with increasing risk, regulation and the scope of GRC activities, organisations are being driven to think GRC not just as a point solution but as an enterprise-wide business philosophy. This pressure is accelerated with rating agencies focusing on enterprise risk management and the need for organisations to police the extended enterprise.
Xactium’s new whitepaper entitled ‘The Value of Force.com as a GRC Platform,’ examines how the advantages of Force.com can help deliver GRC across an organization. Xactium managing director Andy Evans said: “Many organizations have traditionally looked for point solutions to GRC, organising solutions in departmental or regulatory compliance silos. A GRC platform should facilitate collaboration and information sharing across the enterprise. Force.com allows our GRC solution to grow organically as it connects through the organisation. Simple customisation allows you to add new solutions to the same platform as an enterprise solution or step-by-step. In addition any GRC solution needs to recognise the need for human involvement in governance risk and compliance. The primary objective of the GRC platform is to automate much of the work of collecting, managing and reporting on risk and compliance activities. The easier you make the interface and customisation, the quicker users drive the solution to deliver real business benefits and reduce risks.
“The Force.com platform is a successful multi-tenant SaaS solution that enables integration with all major software including SAP and Oracle and its fast to implement and roll out across an organisation of any size.”
It is widely recognised that silo point solutions increase exposure to risk. The Xactium solution is built on the software as a service platform of Force.com and gives organisations a GRC enterprise solution.
Notes to the editor:
Xactium is a GRC solution provider and an OEM Partner of Salesforce.com.
Salesforce.com is the enterprise cloud computing company. The company's portfolio of SaaS applications, including its award-winning CRM, available at http://www.salesforce.com/products/, has revolutionized the ways that customers manage and share business information over the Internet. The company's Force.com PaaS enables customers, developers and partners to build powerful on-demand applications that deliver the benefits of multi-tenancy across the enterprise.
Salesforce.com announced in February 2009 it has reached 55,400 customers and surpassed 1.5 million net paying subscribers, demonstrating the growing demand for its cloud computing services.
Dr Andy Evans
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