Improving profitability with effective compliance and risk management strategies

Governance, risk and compliance (GRC) are key concerns for your organisation. Successful management of compliance and operational risk across your networked IT infrastructure can significantly improve your profitability. This in turn can contribute to an improvement in credit ratings, a reduction in the cost of capital, and increased stakeholder confidence in your business.

The BT Risk Cockpit™ – creating value for your business

The growing importance of GRC means that decision-makers need a coherent view of risk exposure across their business, based on the collection and analysis of real operational data. This enables continuous monitoring and efficient management and mitigation of risk, both vital to creating value from your GRC strategies.

The BT Risk Cockpit™ is an executive risk-management and reporting tool that can provide a single, consolidated view of risk across your enterprise. It is a key component of a risk architecture designed to connect you to your organisation’s operational data.

The BT Risk Cockpit™ gives you:

• Decision-ready, on-time information, direct to your desktop, to help manage and mitigate your networked IT and other business risks
• A shared organisational awareness of acceptable risk to facilitate decision making
• An integrated risk and control environment that will help assure compliance and drive down the overhead of audit assessment and attestation

Innovation and thought leadership

The development of the BT Risk Cockpit™ and the associated risk and compliance management capabilities framework marks a pioneering step by BT in the field of GRC.

Our own corporate IT department has implemented this solution to manage key networked IT infrastructure risks within BT. Estimates indicate that the proper implementation of this solution can save up to 30,000 man-hours of effort each year for an organisation the size of BT (100,000+ employees) – equivalent to £1.6 million per year.

Improving risk management means creating a more resilient business, with less volatility and more predictability in earnings and business performance – enhancing stakeholder confidence overall.

Next steps

The Risk & Compliance Management Quick Start is an ideal way of enhancing your Risk & Compliance Management capability and/or benchmarking against industry best practice. Contact your BT Account Manager for details.

RISK COCKPIT and BT RISK COCKPIT are registered trade marks of BRITISH TELECOMMUNICATIONS public limited company