Since the inception of our core GRC platform in 1994, BWise has had many successes globally. A great part of that can be attributed to the vast amount of features and functions available in our platform. All these features and functions are actually being used by our customers in a variety of GRC initiatives including Risk Management , OpRisk, Audit, Internal Control, InfoSec, SOX, 3rd Party Risk, Vendor Risk Management and Regulatory Compliance. In fact, the list consists of about 60 different solutions. We’re nearing a point where all requirements from both customers and prospects can be fulfilled either through our Best Practices Solutions or through additional configuration switches.
I’m requested often by our customers, prospects and partners to present our future roadmap – and it’s becoming harder to do so! The reason for this is that they expect an overview of all upcoming features /functions in our platform where I believe we won’t have that many more to fulfil because most of those can already be fulfilled. When I turn the question back to them asking what they’d like to see, I often end up explaining how it can already be done in our platform and how we have examples available of that in our demo environments, sandboxes and Best-Practices Solutions. The roadmap presentation turns into a session in which we go over the existing core capabilities of our platform and we follow-up by providing additional documentation, training and demos.
GRC Market Journey
What I’ve learned from this is that we need to improve our communication about Core Capabilities better to our customers and to that end, I’ll be writing a series of blog posts on specific capabilities to trigger you to think about what this can bring to improve your GRC Journey.
This doesn’t mean that we stand still and don’t continue to invest in our technology – in fact the opposite is true. We’re significantly accelerating and growing our technology team. Our main focus will move from features/functions to standardized Best Practices and Deployability/Ease of Operation of the Nasdaq GRC platform.
We’ll provide you a peek behind the scenes. And I hope that it triggers you to actively start using these components and capabilities to optimize your GRC processes! Next to that we will also share our long term strategy with you in a series of articles on the Future of GRC.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.