With integrated solutions in risk, strategy, projects and people, Camms business software will help you make the right decisions, manage risks, align the talents of your organisation, and focus on what matters.
Read the latest insights from the Camms team.
Brad Smith | October 13, 2020
GRC rolls off the tongue nicely and suggests that all components are working together in meeting the organisation’s objectives.
Adam Collins | October 2, 2020
We are excited to announce that our industry recognized Risk Management Software Solution, Camms.Risk, was yet again named as a “High Performer” in the GRC software category by G2 in their Fall 2020 report. This marks the 3rd consecutive quarter in 2020 Camms.Risk has been recognized by G2 in its quarterly Grid report.
Daniel Kandola | October 1, 2020
Transferring products from A to B quickly and efficiently is the name of the game in the constantly moving world of transportation and logistics. Unfortunately, a myriad of variables means this process is rarely as easy as ABC at the best of times – and 2020 is proving more algebra than alphabet. Navigating a clear course within the sector has never been so challenging. Existing risks have been overshadowed – or in some cases accelerated – by an unprecedented global event that has brought the importance of organisational resilience into sharp focus: the COVID-19 pandemic.
Beau Murfitt | September 25, 2020
Major banking institutions have been at pains to stress their determination to overhaul their ability to combat financial crime of late – following a string of high-profile corruption scandals. Unfortunately, these claims appear to be words without substance after a disturbing tale of leaked documents, dirty money, and international crime emerged – one that sounds more like something from a Netflix crime drama than the world of regulatory compliance.
Daniel Kandola | September 17, 2020
The rapid spread of the COVID-19 pandemic has completely blindsided society in 2020, with devastating effect. But was this cataclysmic event a black swan? It appears not. According to the National Risk Register – an overview of the risks of major emergencies that could impact the UK in the next five years – the threat of a pandemic was firmly on the government’s radar: “experts agree that there is a high probability of another influenza pandemic occurring, but it is impossible to forecast its exact timing or the precise nature of its impact.” In fact, of all the high consequence risks outlined in the register – from severe weather to terrorist attacks – a pandemic was considered to have the highest potential impact.
This threat wasn’t classified information reserved for senior figures in Whitehall; it had filtered down to local government level. Take Camden Council, for example, which – like other local authorities – already had information about pandemic risk fed to them by Public Health England. Camden subsequently rated a ‘pandemic flu’ as a 4/5 likelihood and 5/5 for potential damage on its risk register – proof that more high-profile risks like terror and cyber-attacks weren’t their only focus when it came to organisational resilience.
Daniel Kandola | September 10, 2020
What a difference a year can make. Cast your mind back to 2019: the global defence sector was on the offensive due to budget increases and military modernisation was the plan of attack, as growing security concerns forced governments to invest heavily in new equipment. So much so that international defence expenditure was forecast to grow between 3% and 4% in 2020 to reach an estimated US$1.9 trillion – driven by increased spending in the US, Russia, China and India.
Daniel Kandola | September 2, 2020
Successful organisational resilience relies heavily on the four sights: insight, foresight, oversight and hindsight. Unfortunately, anticipating and preparing for sudden
Brad Smith | August 31, 2020
Effective enterprise risk management has never been more critical.
Warwick Kirby | August 24, 2020
McKinsey & Company published an insightful article in March 2020 – Beyond coronavirus: the path to the next normal.
Kevin Sneader and Shubham Singhal stated, that to win the war against Coronavirus required action across five horizons: Resolve, Resilience, Return, Reimagination, and Reform.
Brad Smith | August 5, 2020
The impact of the massive global disruption from the COVID-19 pandemic during 2020 has been felt in virtually every organizsation, workplace, and household around the world. With or without an effective vaccine, the pandemic’s far reaching impacts will be felt globally for some time to come.
Camms | July 23, 2020
Camms has continually evolved since we were founded in 1996! With nearly 25 years of experience in business software solutions, we have continually invested in making our software right for supporting organizations to achieve their goals.
Camms | July 22, 2020
Camms, a next generation provider of integrated solutions in risk, strategy, projects, and people is pleased to announce that experienced President, Barbara Walker has joined the organization as the new President of North America.
Warwick Kirby | July 21, 2020
Nothing highlighted the necessity of integrating your risk management framework with your strategic operations more than the global pandemic of 2020.
Vicky Wright | June 19, 2020
As councils focus on protecting employees, their elected members and members of the community from the ongoing pandemic, virtual meetings have become the norm.
Camms | June 11, 2020
To provide our customers with assurance around Camms' ongoing commitment to information security management, we are pleased to announce that we have recently achieved certification of the ISO 27001:2013 standard for our major offices around the globe. This followed an in-depth set of assessments over the past 6 months including onsite audits in all locations.
Camms | June 4, 2020
The largest implementation partner of Adaptive Insights in the APAC region, GK Horizons, are trusted by their customers across various industry verticals to improve not only their financial insights but their business agility and overall performance.
Brad Smith | June 1, 2020
Today’s climate proves that both local and global events can significantly impact the strategy and operations of an organisation. With key attributes in today’s volatile and uncertain environment being agility and flexibility,
Camms | June 1, 2020
In the context of the current corporate landscape, it no surprise that the concept of risk is inevitable and inherent,
Camms | June 1, 2020
What does it mean to be a leader in these uncertain times?
Camms | May 25, 2020
The impact of COVID-19 has presented major challenges to people and organisations around the globe. Business leaders are managing the crisis
Brad Smith | May 14, 2020
The year 2020 could be characterized by comments like “We didn’t see that coming” or “Well, that escalated quickly”.
Camms | April 22, 2020
Are you concerned about the restrictions imposed by running your risk management out of spreadsheets?
Camms | April 21, 2020
Tomorrow needs pace, agility and quick decisive management. Today is the day to invest in the right risk management software. Rapid change is a constant in today’s environment.
Camms | April 10, 2020
As COVID-19 continues to disrupt the business world and organisations are forced to adjust
Camms | February 25, 2020
CAMMS was excited to take part at the recently held LG PRO Annual Conference. As the largest and most notable Local Government Conference in Australia,
Camms | January 7, 2020
How do you manage SM & CR compliance?
SM & CR has been a catalyst for change,
Yasith Fernando | November 25, 2019
Sustainable Software Development refers to a set of principles and practices which enables a team to maintain an optimal speed in development indefinitely for the sustainability of the development team and ergo, the company.
Aaron Mullins | November 18, 2019
It was a fantastic opportunity for CAMMS to take part in the RMIA Annual Conference 2019
Camms | May 30, 2019
Camden Council is one of the fastest growing Local Government Areas (LGA) in Australia,
Camms | May 25, 2019
Enterprise risk management has a primary objective of ensuring organizations comply with legal and
Camms | May 6, 2019
An organisation’s reputation is highly significant in achieving its goals.
With integrated solutions in risk, strategy, projects and people, Camms business software will help you make the right decisions, manage risks, align the talents of your organisation, and focus on what matters.
GRC rolls off the tongue nicely and suggests that all components are working together in meeting the organisation’s objectives.
The reality can be quite different. While governance and risk are increasingly well aligned, in some organisations compliance is still isolated, and the price being paid for this siloed approach is increased compliance and control costs and escalating risks.
According to Camms Principal Consultant Brad Smith, part of the issue stems from the need for the compliance function to be independent.
“Independence is as important for compliance as it is for audit, but independence is not isolation, which can impede decision making and expose the organisation to higher compliance risk and associated costs,” Brad said.
The 2020 GRC Maturity Survey by OECG, a global non-profit organisation providing standards and resources to improve GRC approaches, looked at the negative impacts and costs of a siloed approach to GRC as well as the benefits and outcomes of an integrated approach.
Of the more than 500 qualified respondents, it found that 60% of their organisations did not have an integrated approach. As a result, they experienced increased data management costs, personnel costs and overall operating costs.
“What was driving the increased costs was the failure to effectively understand compliance and operational risks, the time taken to reconcile disparate or inaccurate data and the duplication of effort.”
There was also the reported consequential failure to provide the governing authority with the information they needed.
On the flip side, the organisations that were integrating their GRC processes reported a number of significant benefits, including reducing the gap in risk and compliance processes, less duplicated activities and more efficient information management.
“These businesses are simply working smarter. They have joined up their GRC processes, reduced costs and are delivering timely and accurate information to support better business decisions. This puts them in a much better position to both reduce compliance related risks and to take advantage of business opportunities.”
A volatile business environment coupled with a rapidly changing regulatory environment, means that cost effective compliance management has never been more important.
The consequences of failing to meet critical external and internal compliance requirements can be severe. In some sectors it can result in harsh financial penalties and a halt to operating.
If compliance in your organisation is siloed, then now is the time to start the process of integration.
According to Brad it all starts with top management and the development of a clear organisational strategy for integration.
“There needs to be a focus on the essential role of compliance that is aligned to the organisation’s strategy and supported by the board and senior management”.
“Beneath that there needs to be clarity about roles, responsibilities and the process linkages between governance, compliance and risk management.
Enabling technology and software that supports collaboration and shared data is important, as is taking actions to ensure compliance is embedded within the right job roles and promoted in performance measurement and management,” Brad said.
If you’d like to find out more about the right steps to take to ensure compliance is integrated as part of your GRC approach, watch our on-demand webinar hosted by Brad Smith by clicking here.
UX DESIGN | SEPTEMBER 20 2021
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UX DESIGN | SEPTEMBER 20 2021
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With integrated solutions in risk, strategy, projects and people, Camms business software will help you make the right decisions, manage risks, align the talents of your organisation, and focus on what matters.