True and effective digitization of corporate governance of companies
Digitization of corporate governance does not only mean the transformation of control management processes into digital processes, as is typical of GRC/ERM systems. Beyond that, we refer to the digitization of the controls themselves within operational and managerial processes.
Too often, in fact, the principles of governance - based on the control of the organization and processes to achieve corporate goals and strategies, according to the rules and interests of all stakeholders - remain well defined only on paper. In fact, their concrete day-to-day implementation is difficult to monitor and track.
Typically, ex-post monitoring is carried out on what happened, to identify critical issues and plan corrective actions. This way of operating, however, is increasingly ineffective due to the rapidity of change and the risks posed by failure to enforce rules imposed by mandatory regulations and market standards, issued by national and international bodies.
The CGS-One platform-which is the synthesis of Corporate Governance Solution and a single (one) integrated solution-is specifically designed to enable companies to implement a single management and control system that supports the complete integrated digitization of processes at all company levels: board, management and operations.
International and certifiable corporate governance
Proprietary models of governance are now superseded by ISO standards. Adoption of the ISO model for governance enables integrated operation of all functions according to an internationally recognized and certifiable standard.
Among the main ISO standard references for control functions that have been updated very recently, manifesting the great sensitivity of even regulators to these issues, are:
- ISO 37000:2021 for Governance
- ISO 37001:2016 for Anti-Bribery
- ISO 37301:2021 for Compliance
- ISO 37002:2021 for Whistleblowing
- ISO 19011 for Audit
- ISO 31000 for Risk Management
- ISO 26000 for SDG
CGS-One natively implements the ISO structure model called High Level Structure (HLS), designed to manage-in a predefined and common structure-all types of standards. This results in the ability to have a single integrated management system, rather than several separate single-issue systems that need to be integrated.
Proposing the solutions and projects based on CGS-One requires a high level of preparation, corporate culture, creativity and a consultative approach from the proposal stages.
Only in this way is it possible to provide an ideal solution perfectly tailored to the specific needs of the client, without technical forcing imposed by the product. CGS-One, in fact, natively provides multiple opportunities for improvement, thanks to numerous ready-to-use digitization features.
Putting the business at the center of digitization
With CGS-One, each solution is perfectly tailored to the peculiarities of the company. Because we firmly believe that it must be the software solution that adapts to the needs, habits and characteristics of the customer and its users and not vice versa.
CGS-One is one of the most innovative Digital Corporate Governance platforms, usable on the cloud, integrating artificial intelligence features that are ready to use and applicable in any context. Further developments in terms of innovation are also planned for this year, such as, the integration of blockchain functionality applied in digital ledger management and smart-contracts.
CGS-One is produced by Swiss companyAdvanced CGS Group SA active within Tecnopolo Ticino-which, since its inception, has defined the Digitization of Corporate Governance as its mission.
The vision that prompted us to define this corporate objective is based on the consideration that Digital Transformation cannot be limited to digitizing operational processes. On the contrary, it must come to support digitally-and fully integrated-even all control activities that contribute to corporate governance.
ORIGINAL NEWS AT LINK: https://www.itsmf.ch/il-supporto-alla-digital-corporate-governance-aziendale-cresce-e-si-espande/