FixNix Blog

GRC software makes inroads in US utility sector

Sep 6, 2014 1:07:00 AM / by Shanmugavel Sankaran posted in fixnix, Governance, grc, Risk Management, smbgrc, united states, utility sector, Blog, compliance


But until recently, the ERM process at Xcel was a bit of a hodgepodge. Roughly 30 major departments at the company generated risk reports, which were consolidated into a dozen reports seen by Xcel's ERM steering committee. The committee would study those reports, which had differing formats and approaches to quantifying risk, before summarising their key points for Xcel's board of directors, to help them understand what sort of things they should be worried about.

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