The GRC platform “FLAGS” has the following features which helps consolidate the Audit, Risk and Security control functional view.

• Vision and Strategy
  • Ensures that governance practices are aligned with the organization’s strategic objectives.
• Business objectives alignment
• Asset register
  •  Asset Identification 
  •  Asset Classification 
  •  Ownership and Responsibility 
  •  Asset Valuation 
  •  Risk Assessment for Assets 
• Service register
  •  Service Identification 
  •  Service Description 
  •  Service Ownership and Responsibility 
  •  Service Levels & SLAs (Service Level Agreements) 
  •  Risk Assessment for Services 
• Data register
  •  Data Identification 
  •  Data Ownership and Accountability 
  •  Data Classification 
  •  Data Processing Activities 
  •  Data Risk Assessment 
• Policies and procedures
  • Development and communication of organizational policies to manage risks and ensure compliance.
• KPI, KRI and maturity assessment
  • Regularly monitor the performance of GRC initiatives.
• Risk Appetite & Risk Framework 
  • Implement a risk management framework that includes risk identification, assessment, mitigation, and monitoring.
• Controls
  • Define controls that help safeguard the organization’s assets.
• Compliance
• Audit
• Operational Risk
• Incident and event management