Technology can make a big difference with SMCR implementation. As firms make the required changes to their risk and control environment, technology is the obvious place to turn. As you look at your own options, here are some key questions worth considering:
Technology platforms can act as a useful tool in tracking changes and the ‘version history’ of Responsibilities Maps and SORs. They can also automate the creation and population of SORs and record where responsibility has been delegated.
Technology can deliver workflow tools that support Certification, including:
Technology can be used as a means of delivering and tracking the conduct training.