Highbond by Galvanize
Highbond finally brings together what belongs together, seamlessly combining audit, risk management, compliance and internal control system within an integrated GRC platform.
The Highbond platform – an overview
Move away from spreadsheets and information silos to an integrated GRC platform containing all key players. Highbond includes its own solution modules (“bonds”) for specialist areas such as audit, risk management, internal control system and compliance. However, these are seamlessly intermeshed with each other within a web platform, ensuring that all technical and content-related requirements are taken care of for the necessary interfaces. Cloud-based technology combines future-proofing and minimal technical requirements with the best user interface in this field. A further unique feature is the foundation, which is based on data analytics and thus ensures the required depth and content.
Essential solution modules (bonds)
While Highbond is an integrated platform, it has various key content-related areas. These modules (or “bonds”) form the main sub-products, the most important of which are outlined below.
Are you looking for a solution to support you in your audit management, from planning, execution based on a checklist and documenting findings through to follow-up and reporting? Audit Bond offers precisely this, together with possibilities for seamlessly integrating data analyses. The end result is an audit report that is generated at the touch of a button, based on the recorded content and precisely formatted in your company's standard layout.
Although similar in content to audit, the internal control system has its own requirements. The Controls Bond maps your risk control matrix and also includes the rolling out and testing of controls (including as part of SOX or JSOX scenarios). The transparency offered to both control owners and control performers via the mission control functionality is particularly exciting.
Corporate risks (both operational and enterprise-level risks) are a key focus for both audit and the internal control system. Here, Highbond is distinct from other solutions as it places risks in the context of strategic corporate objectives. Risk management is also closely integrated with the results from data analyses, audits and testing of the internal control system. This enables transparent risk assessments (in some cases automated and always well-founded).
ERM Enterprise Risk Management
Inherent vs. Residual Risk
While compliance with relevant regulations and policies is essential in today's world, creating the necessary transparency is becoming increasingly difficult. Which regulations actually exist and are relevant, and which sub-areas and detailed requirements play a specific role/no role for individual departments within the company? Here, it is also crucial to integrate the specialist departments via self-assessments or other interaction functions. Compliance Bond offers all this without you having to consolidate an infinite number of Excel files or play e-mail ping pong.
But that’s not all....
Integrating the RSAM solution into the Highbond product portfolio adds even more content-based focal areas and modules in the form of separate bonds. Among other things, content for IT security, cyber risk, third-party management, incident reporting and business continuity has been significantly expanded through the products Rsam Incident Bond, Rsam ThirdPartyBond, Rsam Continuity Bond, Rsam ITGRCBond, Rsam PolicyBond and Rsam Cyberbond.
We are the right contact partner for data-based audit management and offer a solution which is unique to the market. Please contact us for further information, a web demo or a personal meeting. We will get back to you immediately.