Process Governance

Identify and Mitigate Risks -Risk is an inherent part of every business process, making risk management a vital program for every organization.  With the continous rising cost of compliance initiatives such as the Sarbanes-Oxley Act (SOX), BASEL II, and ISO, it has become imperitive that companies take the proper action to improve controls and ensure effective risk mitigation. Organizations are constantly changing to remain competitive. Without a tool to help manage external risks, the audit process becomes a costly and time-consuming obstacle to your business. 

Visualize Risks for a Better Understanding - By mapping processes with risks and controls, you get an accurate picture of how your company operates and how these operations must be improved. Improperly assigned controls and unanticipated risks arise when a company has a poor understanding of their business processes.

The Risk Suite for EPC augments the standard BPM tool with a comprehensive risk and control mapping engine. Potential risks can be assigned to specific processes, where they are in turn related to controls. This gives employees the ability to understand what risks will be encountered during their activities, and what measures must be taken to ensure that the risk poses no threat to the enterprise.

Business Rules Management

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Formalize Company Policies - Rules and Governance

Key Benifits • Enforce company policy through standardized rule objects • Model operations, definitions,and constraints • Manage change more efficiently • Maintain rules separately from processes

Business Rules and Process Governance - By connecting business rules to business processes, you create a direct correlation between company policy and business activities, increasing the level of governance your company has over its processes. Mapping business rules to process activities and decision points ensures process integrity by keeping employees aware of precisely how to manage decisions according to top-level goals and policies.

Furthermore, the maintenance and lifecycle of business rules and business processes can be radically different. By maintaining a relationship between distinct business rules and process activities, it becomes easier to manage change within your company. Changing a single business rule may affect hundreds of processes – by managing rules separately, all processes will be automatically updated simply by making the change in one central location.

Business Rules in Enterprise Architecture