GRC Solutions for Telecommunications

Evaluate risks and protect assets while assuring compliance with SOX, GLBA and FCC mandates.

In a highly competitive market, telecommunications organizations are challenged finding methods of streamlining their processes to reduce organizational risk. The vast telecommunications infrastructure requires a comprehensive approach to manage and mitigate risks enabling them to reduce downtime and system outages. Telecommunication providers are looking to shorten the turnaround time for identifying a threat, assessing the risk and mitigating the threat. Creating and populating risk assessments, sending deficiency notifications and reporting the risk status to the management and executive teams provide the necessary oversight required to fulfill compliance objectives.

Telecommunications firms must also comply with regulations such as Sarbanes Oxley, the Gramm-Leach Bliley Act (GLBA) and PCI in addition to the regulatory requirements set by the Federal Communications Commission (FCC). Costs associated with demonstrating compliance to these requirements can be substantial and companies that can reduce these costs and transition the compliance effort into an operational facet of their business will be much more successful. The challenge lies in meeting these requirements in the context of the business and clearly articulating control infrastructures. An extensible framework to manage both control definition and regulatory requirements with compliance measurements and reporting is necessary for telecommunication providers to efficiently and effectively ensure compliance.

GRC Challenges for Telecommunications Firms

• Managing enterprise risks within an enormous infrastructure
• Complexity of consolidating data from multiple internal systems, departments, third party software and third party content providers
• Multiple regulatory bodies and requirements
• High costs of defining policies and controls for IT
• High costs of demonstrating compliance
• Allocation of resources away from key business initiatives
• Difficulty with ongoing sustainability of risk and compliance programs

Archer Solutions

Archer Technologies delivers out-of-the-box, fully integrated solutions that allow your organization to implement a best-in-class enterprise governance, risk and compliance (GRC) program. Built on the flexible Archer SmartSuite Framework, these solutions empower you to implement consistent, efficient and sustainable processes for managing the lifecycle of corporate policies and objectives, analyzing and mitigating risks to your business, and demonstrating compliance. With Archer, you can automate, measure, validate and report at every step of your GRC initiatives, ultimately reducing costs and increasing transparency enterprise-wide.