ORTEC has a simple vision of leveraging data and mathematics to create value for businesses and society. Almost 40 years after their founding, ORTEC is the world’s leading supplier of mathematical optimization software and advanced analytics with 1,500 employees and offices in 13 countries around the globe. The company continues to optimize business processes for more than 1,200 leading companies, enabling them to make a significant contribution to a better world.
In 2018, in the midst of the European Union’s General Data Protection Regulation (GDPR) and earning their ISO 27001 certification, ORTEC made a bold decision in order to optimize their own business processes: stop using email and spreadsheets to manage global governance, risk and compliance (GRC). This transformation accelerated when ORTEC tapped OneTrust for IT and Security Risk Management and Audit Management.
Here’s a 360-degree view of how ORTEC used OneTrust to tackle regulatory gaps, engage their lines of business to keep risk data current, and take an automated approach audit management.
Addressing the multiple GRC challenges of today
The influx of technological advancements today is creating drastic change in the regulatory environment while posing significant challenges for global businesses. Specifically, businesses are required to comply with a host of different standards, frameworks, and regulations. As a result, identifying the overlap between initiatives and controls can be time-consuming and get lost across stakeholder interpretations and data management technologies.