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2016 BestGRC Product Demo
- 2. 21st Century Productivity PeterDrucker, the management guru who coined the term “knowledge worker,” said in the late 1990s: “The most important contribution of management in the 20th Century was the fifty-fold increase in the productivity of the manual worker in manufacturing. The most important contribution management needs to make in the 21st Century is similarly to increase the productivity of the knowledge worker.”
- 3. BestGRC Demo Overview 1.Overview of BestGRC 2. Why BestGRC is Your Compliance Solution 3. Overview of the BestGRC Modules 4. Q&A and Live Demonstration
- 4. BestGRC Company Overview Co-Founders GlennMurphy – Optimist – Compliance & Process Improvement Expert 30 Years External/Internal Audit – 15 Years CAE @ 3 Public Companies Implemented GRC Tools Opted to Develop Custom “Lived This” Subject Matter Expert/Designer/Customer Support/Blogger Brandon Spilove – Entrepreneur - IT Infrastructure and Security Expert Founder (1997) Custom Web/Mobile Application Development Company Leads Clients to Optimize their Operations with Technology Hundreds of Clients w/ 100+ Applications Hosted in Secure Cloud
- 5. Why BestGRC? • WeBelieve in Thinking Differently and Changing the Status Quo • We Believe Companies Do Right, They Just Spend Too Much Effort Proving It • We Provide Beautifully Designed Simple to Use Software that Allows Our Subscribers to Leverage Their Compliance Activities to Improve Their Company • We Help Our Subscribers to be Viewed as a Bridge to Growth
- 6. What If…Your TeamFelt Like Part of the SOLUTION? • Many Business Leaders and Even Some Board members view Finance, Audit and Compliance Functions as a “Necessary Evil” rather than part of the Solution. • Visually Demonstrate the Linkage of Your Activities to Corporate Objectives Understanding the Value of Your Work • Clearly Communicate the Expectations of All Team Members on an Open and Accountable Platform Recognize Their Contribution • Benchmark and “Raise the Bar”
- 7. What If…You OnlyHave to Focus on the Outliers?SOX Compliance Accounting Close Audit Plan Incident Reporting Licensee Reporting Store/Site Audits Focus on the outliers: •Overdue Task Assignments •Missed/Late Financial Close Activities •Late/Over Budget Audit Projects •Failed Store Audits/Poor Cycle Counts/Alarming POS Analytics/ Inadequate Physical Inventory Operating Smoothly utilizing BestGRC
- 8. What If…You CanIdentify Revenue Opportunities for Your Licensees? • Analyze Licensee Sales by Customer • Identify Opportunities Across Customer Types • Identify New Customers for Review/Approval/Expanded Offerings
- 9. Problems 1. COSO/SOX/SSAE 15requires that, “To express an opinion on internal control taken as a whole, the auditor should obtain evidence about the effectiveness of selected controls over all relevant assertions.” How are you doing this currently? 2. COSO/SOX requires that “Each of the five components of internal control and relevant principles is present and functioning.” How are you doing this currently? To effectively meet the above challenges, you must map controls to F/S Line Items, the relevant Assertions and the Principles. Reporting tools to analyze, monitor and demonstrate compliance is critical.
- 10. BestGRC Product Overview GRCCore Internal Audit Controls Management Included with Subscription: 1. Resources and Expert Guidance 2. Unlimited Users 3. 24/7/365 Secure Access in a Hosted Environment 4. Product Support Asset Protection/Loss Prevention Licensing/Royalty Management
- 11. BestGRC Suite Features •Centralize ALL (E-wide) Compliance Activities on a Central Platform • All Components of an I/C Framework • Time-Bound Tasking • COSO Principals – Manage/Report at Activity, Objective and Control • On-line Policy & Procedures Manual Core GRC Module • Project Management • Exception Tracking • Electronic Workpapers & Electronic Sign-off of Preparer & Reviewer • Visibility to Project Status and Audit Test Status • Multi-year Audit Plan Linked to Risk-Assessment at AU Level • “Flag”/Report Controls for External Audit Compliance Internal Audit Module • Project Management • Electronic Reconciliation Workpapers • Straight Line – FS Line Item Control Control Procedure • Control Procedure Repository linked to Controls & Time Tracking • User-Defined “Groups” of Accounts/Procedure • Centralize ALL (E-wide) Controllership Activities on a Central Platform Controls Management Module • Incident Reporting • Cycle Counts • Physical Inventory (RGIS/WIS) Testing by Stores • Self-Audit/DM Audit/Secret Shop…(5 User-defined audits) • AP/LP Transaction Reviews • AP/LP Safe Audits, Petty Cash Audits • Transform Business Activities into Monitoring Controls Via Tasking • Time-bound Tasking w/ e-mail Notification of Completion/Score or Non-Completion • Reporting • Roll-up Results by District/Region/Division • Restrict Access by Store/District/Region/Division/All Asset Protection/Loss Prevention • Upload of Licensee Sales/Purchase Data • Invoice Creation and Cash Application • Master Customer Grouping Tool • Pricing Analysis Tool for Licensee Sales to Licensor Stores • Reporting of Sales to Customers Across Licensees • Internal/Co-source Licensee Compliance Audit Project Function Licensing Management Module
- 12. BestGRC Differentiators No Up-front Costs Easy/Quick Implementation UnlimitedUsers No Long-Term Commitment (90 days) Resources and “Quick-Copy” Professional Support from our Experts • Modern Interface and Ease of Use • Device Agnostic • Secure Hosting in the “Microsoft Cloud” Plus…
- 13. BestGRC Pricing • $1500/monthCoreGRC • $600/month • Requires Core GRC Internal Audit • $600/month • Requires Core GRC Controls Management • Resources and Expert Guidance – Co-Founder “Lived” this • Unlimited Users • 27/7/365 Secure Access in a Hosted Environment • Product Support •$1000/month standalone •$800/month with Core GRC Asset Protection/Loss Prevention •$600/month standalone •$400/month with Core GRC Licensing/Royalty Management • $3000/month for All Modules Maximum Package Pricing Included with Subscription: