Evaluate Your Business Management System – Risk and Compliance
Evaluating your business management system (BMS) and its impact on the business processes can help organisations to identify challenges, seize business opportunities, improve operations and service, reduce unnecessary costs and increase speed-to-market.
While an in-depth evaluation and system auditing is preferable, companies can start by asking the following questions regarding their management solution and its capabilities. In this blog, we cover business optimisation, risk and compliance factors.
Are you on track with business process optimisation?
The purpose of business optimisation is to enable revenue growth, maintain control over costs, streamline operations, and meet customer requirements while adapting to the changing market conditions and new business opportunities.
An effective business management system increases the performance, speed and efficiency of business operations while decreasing costs. Examples include the automation of paper-based processes and manual tasks such as invoicing or procurement to shorten approval cycles, or streamlining the document management process between multiple departments.
Without an integrated business management system, it would be difficult to address data transparency and accessibility throughout the entire organisation, or the increasingly complicated supply chain management requirements and third-party supplier networks.
Consider an integrated business management platform to bring all your processes together, improve access, and meet all your growing business requirements.
Our Integrated Management System (MSX) merges all organizational systems and processes in to one common cohesive framework that drives business excellence and ensures continual improvement. MSX enables business leadership to view management performance across the business activities and assists leaders to make informed actionable decisions.
Is your BMS monitoring risk and compliance efficiently?
From global competition to economic pressures and regulatory frameworks, organisations face new risks and challenges. Business management systems assist businesses to become more flexible and resilient in the face of change and to focus on continuous improvement.
A compliance-driven BMS is a great asset to track, control and monitor the KPIs relevant to the organisation and ensure these are in line with ISO global standards and best practices.
A company can have a combination of any number of management disciplines such as quality, health and safety, environment, business continuity management, that enable compliance with ISO international standards and guidelines.
Invest in an integrated management system that ensures your organisation conducts business at the highest standards through effective enterprise risk management and compliance monitoring.
Our Integrated Management System (MSX), part of the XGRC Software product range, merges all organisational systems and processes into one common cohesive framework that drives business excellence and ensures continual improvement.
MSX enables business leaders to view management performance across the business activities and assists leaders to make informed, actionable decisions.