CHRIS PANTAENIUS

Robert S. Kaplan has quoted, “Managing risk is very different from managing strategy. Risk management focuses on the negative threats and failures rather than opportunity and success.” Risk management is essential in the present era of business. certainly, a company that invests in a proper risk management strategy, climbs the success ladder at a brisk pace.

GRC has been a big name in the domain of featuring numerous such business firms and their leaders that have to create and developed various risk management solutions. And here again, we are back with the success journey of one such leading firm, Onspring. Our editorial team had an interesting and joyful session with the leadership panel of the company. the visionaries shared numerous less-known facts of their combined journey so far. We truly hope and desire that this fascinating read will add extra value to the lives of our global readership and will surely inspire them to break their barriers and chase their dreams.

Explaining their company’s portfolio in their own words, the Onspring team asserts, “We believe in people-powered business automation. We make business process automation software that empowers anyone to innovate and solve problems for themselves. We like transforming complex, repetitive BPM practices into super-simple, powerfully efficient automation that saves you time, cost, and hassle. Hundreds of companies have chosen Onspring for our no-code, flexible platform, a platform backed by real, nice humans.”

BUSINESS PROCESS AUTOMATION 

No doubt, business process automation software should be quick to administer and easy to use. That’s the biggest reason the company is on a mission to simplify complex technology so that business automation software becomes easy enough for everybody in the enterprise to use. No-code means you don’t need a developer to build an app or workflow for you. Flexible means that the platform can scale and adapt as your processes grow and change.

The team creates high-efficiency, end-to-end business process solutions that replace manual spreadsheets, lost emails, and siloed processes for teams working in:

• Enterprise Risk Management
• Governance, Risk & Compliance (GRC)
• Internal Audit Management
• Third-party Risk Management
• Environmental, Social & Governance (ESG)
• Vendor Management
• Business Continuity & Recovery

Moreover, the founders further add, “In 2010, our two founders forged a friendship and a business while working for a software company whose products couldn’t deliver on its promises. They knew that business tech shouldn’t frustrate you or slow you down. They believed that enterprise software should enable you to do your best work with speed, accuracy, and confidence. So, they built a platform to do just that.”

EXCLUSIVE SERVICE PANEL

• Governance, Risk, and Compliance Solution 

Easily relating broad issues as well as granular tasks in one comprehensive platform, the solution suite by Onspring transparently manages accountability, decision-making, protocols, and adherence for greater efficiency and smarter results that matter.

• Key features

VISIBILITY

Measure your ability to comply with policies & regulations.

ACCOUNTABILITY

No more micro-managing task owners to complete risk mitigation activities.

SAVINGS

Predict issues & risks with accuracy to save future financial forfeiture.

INSIGHT

Give management real-time data to effectively inform strategy & make decisions.

• Risk Management Software 

With Onspring’s risk management enterprise solution you can do it all, building greater clarity, responsiveness, and control into your risk management program.

• Key features

EFFICIENCY

A centralized risk register helps normalize your risk assessments & organize your risk responses.

ACCURACY

No more guessing in your analyses. Use real-time data to calculate potential risks.

SAVE TIME & MONEY

Keep tabs on financial impacts & probabilities based on risk tolerance.

COLLABORATION

Communicate significant risks to stakeholders through triggered notifications

• Third-Party Risk
• MANAGEMENT SOFTWARE

To accommodate the management of diverse vendor sets, Onspring provides a systematic approach to scaling third-party risk assessments, automating related scoring, identifying related controls, and driving mitigation activities. Why? So that you always have up-to-date, consolidated views of your organization’s extended third-party risk.

• Key features

ACCURACY

Centralized risk visibility across your entire third-party ecosystem

EFFICIENCY

No more manual tracking and scoring of third-party risk assessments

PROACTIVITY

Proactively address mitigation tasks before issues occur based on risk evaluation results

COLLABORATION

Connect vendor data across any department and business division to drive organization-wide visibility.

• COMPLIANCE MANAGEMENT
• Enterprise Solution

What’s the most effective way to track internal compliance with external laws, rules, and regulations? Onspring’s compliance management enterprise solution. Their compliance solution provides a centralized, digital library that relates all your controls to standards, regulations, and laws, including GDPR, PCI, ISO, and NERC.

• Key features

VISIBILITY

Stay on top of compliance initiatives amid ever-changing standards & regulations.

EFFICIENCY

No more managing updates across multiple manual spreadsheets.

ACCURACY

Identify policy exceptions with real-time reporting from attestations.

ACCOUNTABILITY

Share requirement responsibilities with cross-function teams to achieve compliance.

Internal Audit

Enterprise Solution

Whenever you’re able to bring different parts of an organization together to evaluate risk based on real, comprehensive data, that’s a win.

Key features 

TRANSPARENCY

Keep all critical audit-related information current, even as your business evolves.

ACCOUNTABILITY

No more micro-managing owners to complete risk mitigation efforts.

SAVE TIME & MONEY

Centralized access and defined ownership free up auditors to do what they’ve been hired to do.

COLLABORATION

Streamlined audit plans across the enterprise better allocate team resources.

Policy Management

Enterprise Solution

Due to the reasons such as Company culture, Changing regulations, and Employee compliance-it’s quite a labor to keep policies current and departments compliant. That’s where Onspring comes into the picture.

Key features

CENTRALIZATION

A connected policy repository that updates to reflect regulations & control changes.

ACCOUNTABILITY

No more micromanaging policy enforcement thanks to automated reviews & updates.

ACCURACY

Identify policy exceptions with real-time reporting from attestations.

TRANSPARENCY

Communicate individual policy purposes to unique teams at scale.

Incident Management

Enterprise Solution

When something goes awry, speed is as important as your response. Your speed comes from proactively planning for and automating correction actions. And that’s exactly what Onspring brings to your organization.

Key features

EFFICIENCY

Proactively manage incidents as they occur using automated workflows.

PREPAREDNESS

No more reacting to unexpected incidents. Now you can respond & resolve with prepared plans.

SAVE MONEY

Capture & convey impact analysis to stakeholders.

ENGAGEMENT

Communicate immediately with impacted parties through triggered data alerts.

Business Continuity & Recovery

Enterprise Solution

It’s the plan that you have in place before a crisis occurs that counts. And that’s where Onspring’s business continuity and recovery enterprise solution comes in.

Key features

PREPAREDNESS

Be ready for anything when you proactively plan, rehearse & test continuity initiatives

ACCURACY

No more best-guessing in the moment without real data to drive decisions

SAVINGS

Evaluate the financial impact and likelihood of disaster scenarios

CLARITY

Quickly inform team members of their responsibilities during crises

ESG Management Strategy

The ESG software by the team of Onspring can help you manage climate-related risks, financial risks, operational risks, reputational risks, and governance issues within the greater, connected context of your comprehensive risk management strategy.

Onspring’s Environmental, Social, and Governance (ESG) software solution centralizes data, automates assessments, streamlines sustainability disclosure reporting, and simplifies the management of your ESG initiatives. This means you can demonstrate success with audit-ready ESG data in a manner that investors can trust.

Key features

STANDARDIZATION

Document your ESG program with repeatable criteria, measurements & reporting.

CONSOLIDATION

No more disparate, manual, unreliable data pocketed in silos or spreadsheets.

SPEED

Accelerate the improvement of ESG scores & investor rankings through automated survey responses.

CONFIDENCE

Real-time data & comprehensive ESG scoring give you assurance in report accuracy.