Rethink risk and compliance to drive strategy, capabilities and performance.
New rules and regulations across regional, national and international borders continue to intensify. No matter how large, small or diversified your organisation is, almost every part of it touches a complex web of constantly evolving regulations—and non-compliance is subject to enforcement actions and penalties; not to mention damage to reputational risk. It is not surprising that CEOs across the globe are more focused on managing risk than ever before.
Regulatory compliance is not just about playing defence. It also offers an opportunity to consistently strengthen your organisation through strategic, proactive measures—such as best practices, employee training, internal controls, and benchmarking appropriate for your industry and size.
To meet emerging requirements, companies need to establish an effective automated contract management framework based on the principles of transparency, clear governance, absolute accountability and continuous improvement. PwC’s contract management practice brings together unique skill set of technology, legal, risk assessment and industry knowledge to help you mitigate the contract management risks to realise maximum operational benefits.
PwC’s Enterprise Risk Management or ERM practice helps Boards, leadership teams and senior management in developing and deploying risk management programs equipped for handling business disruptions. ERM helps organisations manage risk from developing corporate strategy to aligning organisational culture to efficient execution.
Large infrastructure and real estate projects are highly complex and they often suffer from risks relating to timelines, budgets, quality and brand reputation across the project lifecycle (pre-construction, construction, closure/ handouts and facility operations). Given the growing scale of projects and the cost of capital, managing risk from the start is crucial to the success of any capital project.
Varying levels of maturity in risk and compliance processes are driving the need for identifying and implementing the right GRC tool to support the framework for process efficiency, improved data management and reporting.