Onspring Technologies
Enterprise Risk Management – Financial Services Case Study
Summary
A global financial services enterprise, the second largest money transfer business, automated and centralized its enterprise risk management program using Onspring’s Governance, Risk & Compliance Suit...
Value Drivers
Challenges
- Overwhelming manual effort to manage global oversight of enterprise risk management program
- Lack of real-time visibility into operations
- Difficulty in scaling current infrastructure
- High operational costs due to legacy systems
- Poor data integration across departments
4 more challenges available
Solutions
- Consolidation of compliance and risk management data into a centralized repository using Onspring GRC Suite
- Deployed real-time monitoring and analytics platform
- Migrated to cloud-based scalable infrastructure
- Modernized legacy systems with new technology stack
3 more solutions available
Outcomes
- 20% increase in employee efficiencies
- Achieved 24/7 real-time visibility and monitoring
- Successfully scaled operations to support 3x growth
- Decreased operational costs by 40% annually
- Improved data accuracy and accessibility by 85%
- Automated 70% of manual processes
5 more outcomes available
Products
Software
Onspring Governance, Risk & Compliance Suite
A software suite for automating governance, risk, and compliance workflows, enabling data consolidation, real-time reporting, and workflow automation.
Target Organization
unknown
Description: Second largest money transfer business operating in over 200 countries, responsible for 20% of global money transfers.
Industry:Financial Services