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Governance, Risk and Compliance (GRC) for life sciences companies represents a unique key results area to simplify, unify and optimize compliance investments by replacing fragmented ‘layers and silos’ with a clean and harmonized program.  A well designed GRC program has significant financial benefits- not just in compliance savings- but in share price improvement, legal liability avoidance and reduced cost of equity capital.   A proper risk assessment methodology, a GRC management system and strong organizational alignment are all fundamental elements of a high performance GRC program.  Effective compliance optimization is increasingly becoming a competitive advantage because well positioned companies are more nimble, can make informed decisions when risk is quantified and can repurpose headcount from policing functions to innovation.

NEED TO CHANGE HOW COMPLIANCE IS ADDRESSED
Given the complex landscape of evolving regulations combined with the rapidly changing competitive marketplace, chief executives of many of today’s leading companies are faced with challenging traditional ways of conducting business to ensure a competitive supply chain, promote customer confidence and enable profitable growth. These initiatives very often involve radical re-design of the very systems and processes that companies relied on to develop, deliver and service the products they provide. One such area where traditional programs are coming under increased scrutiny for adoption of non-traditional solutions is the area of GRC. Corporate accountability is placing increasing demands on the adoption of a GRC strategy to provide stakeholders the confidence that your business is being run in a reliable, compliant and sustainable manner.

Register for our upcoming webinar, “Raising the Bar: Giving You the Edge “ to learn how USDMs governance, risk and compliance solutions can help you establish a robust platform to;

• improve governance across the extended enterprise with real time compliance, risk and performance management information
• transform uncertainty into opportunity with executive-level dashboards which highlight key risks and business metrics
• allow your organization to move away from resource-intensive manual control activities to address critical business risks with a harmonized set of controls
• ensure information reliability with content security, records retention and identity management
• protect critical information assets
• enforce best-practice automated controls for segregation-of-duties, IT configuration and change management processes
• optimize performance through risk-aware strategic planning
• reduce costs without compromising compliance

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