Leading Consumer & Packaged Goods Firm Transformed its Corporate Risk Management Program Leveraging ePlus Security Advisory Services
By closely partnering with key client stakeholders, ePlus developed a sustainable long-term approach for establishing a centralized warehouse to capture and store data to support their third-party and audit risk programs.
Business Challenges
Challenge 1
The company’s existing solution for Governance, Risk, and Compliance Management was approaching End of Life and needed to be replaced to maintain compliance
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Challenge 2
During discussions, we found that several key capabilities were also missing, including Third Party Risk Management, Supply Chain Security, Disaster Recovery & Business Continuity
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Challenge 3
The business’s heavily M&A-focused model was creating blind spots in the Risk Management program as internal teams were unable to keep up with the pace of activity
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Challenge 4
Additionally, the company’s owners & investors were requiring the adoption of a common security framework
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Why ePlus?
- ePlus was engaged with the customer providing fractional CISO resources to assist with other areas of the security program
- By optimizing the customer’s Managed Security Services solution, ePlus was able to save the customer more than 30% on the cost of their new GRC tool
- Able to easily scale and expand our consulting engagement to include the management of the new tool and execution of improved GRC processes and policies
Solution
- ePlus provided both the technology to replace the legacy GRC tool as well as senior-level consulting resources to manage the program
- ePlus was able to significantly improve and expand the existing GRC program, introducing new security capabilities to the organization
- Integration of new tools with existing processes and procedures, providing a seamless transition to the new service
Business Outcomes
- The client was able to save significantly on the cost of the program vs buying and staffing the project internally, maximizing the effectiveness of their investment in the program
- The company drastically improved its overall security posture while also reducing the operational burden on internal staff, satisfying a broad set of security requirements from both its executive management team and customer base
- By improving organizational effectiveness, the company is now able to easily scale and manage its security requirements with a simplified approach across its entire estate of holdings
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