Savvytek Participates in the First GRC Event in Jordan

As a leading provider of Risk Management Solutions in the region, Savvytek participated in the Operational and Risk Management Event hosted by Jordan Today Center and the Association of Banks in Jordan during May, 2009. The event has been directed towards the financial and banking sectors in Jordan, and discussed standards that control Governance, Risk and Compliance (GRC) within the operations of the banks.

Savvytek participation came in the context of demonstrating GRC as a major issue to organizations across most industry sectors and presenting the means to define and deploy the most effective Risk Management strategies along the complete operation .Savvytek President, Mr. Mohammad Tahboub presented a paper that demonstrated the importance of IT in this area as a tool to regulate, automate and monitor the operations within the organization, following GRC best practices and international Risk Management standards.

It is worth mentioning that Savvytek is considered the first IT Company to deploy a complete Risk Management solution in Jordan, through their successful implementation of Oracle GRC Application in the Central Bank of Jordan this year.

Oracle GRC Solution unifies financial consolidation compliance and closes processes to help finance department improving the timeline and quality of financial management and reporting extended system transactional controls, and enhance financial Risk Management.

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