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Compliancy is for a lot of companies becoming a structural headache, by all the visible and invisible costs. Expensive, external consultancy is often needed and every transformation to another line of defense (from business self assessments, to internal control, to internal audit, to external audit) there is a production of new reports and papers in order to satisfy supervisors. By the high costs several companies already delisted from the stock exchange. Actually the market recognizes too high costs of compliancy in perspective of all other daily production costs. But the answer was not clear how to balance between being In Control (costs money) and Commerce (earning money).

On ARIS ProcessWorld in Copenhagen held on November 11 and 12, ASR Asset Management presented the way they fight this battle. Presentation title: “How to leverage between Commerce and control”. First the COO Robin Pol explained why ASR is doing their program MiC (Management in Control) and what the real challenges are of achieving compliance in a competitive market. He explained why it is for him important to keep the business (processes) and testing together, supported in one repository as a Single Point Of Truth. Then Head of Organisation Advice & Control, Xander Salari, explained by some examples how Asset Management balances.

The figure is the slide that Mr Salari used to explain the way of working. For the process “Request for Offer” the risk is identified of ASR doing business with an unreliable business partner. While ASR Asset Management deals with big real estate projects, the average gross risk value is about 30 mio euro’s. ARIS is the mean to document all important objects like risks, mitigating controls, processes, owners, costs etc. In this way it is much easier for business managers and owners to decide beforehand on a process design that’s more enabling the business (driven by Commerce at the left) or on a design that has a control embedded (execute screening on supplier by 3rd party) to mitigate the identified risks (driven by Control at the right). At the right side, the process throughput time is decreased by 2 days and is almost twice expensive, but still that negative business impact is worth the mitigation of the high valued risk.

Transparency and business-driven GRC were the key words. It was an exciting, and at the beginning also interactive, presentation. And this was only one of the four interesting GRC customer cases in Copenhagen.

by Günther Drabbels
Posted on Wed, 12/02/2009 - 23:57

Hi Sven, indeed a very convincing presentation by ASR during ARIS ProcessWorld on Tour ‘09 in Copenhagen!

Nice to briefly talk to both presenters who did a great job, resulting in an interactive meeting including a good sense of humour!

Good to learn about how ‘control’ can truly add value to ‘commerce’ using ARIS – also in daily practice. Particularly interesting was how ASR created this synergy of business and GRC in defining clear roles and responsibilities, thus creating transparency and involving plus committing various stakeholders.

Most definitely an inspiration to further propagate usage of ARIS Risk & Compliance Manager and related governance processes at my current client, thanks!

Best regards, Günther

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