Compliance and Governance

Are you able to attest to being compliant?

What is Governance Risk And Compliance (GRC)

An operational strategy known as governance, risk, and compliance (GRC) assists businesses in managing risk, coordinating IT efforts with business objectives, and adhering to legal and regulatory requirements. Reliable asset information provides the peace of mind required to confidently address an organisation’s GRC needs and help realise the implementation of the ISO 55000 standards framework.

A sustainable GRC organisation should have a framework and management structure which include clearly defined roles, responsibilities, activities and systems to analyse and manage each recognised aspect of GRC. The objective is to to transform these activities from a costly burden into a strategic management tool, enable the company to respond flexibly and effectively, to changing stakeholder demands and lay a strong foundation for business success.

What Is Asset Management Compliance?

Asset management compliance can be described as the management of assets under the necessary standards of your specific business industry. Hardcat utilises personnel certifications, accreditations, courses and impairments for controlling asset restrictions. The system can be integrated into your existing HR application to easily issue and return equipment through barcode/RFID scanning. Identifying personnel qualifications and impairments during the process saves time and creates diligence around the responsible issuing of assets and meet safety and compliance requirements.

Hardcat solutions provide a single source of truth and governance around the management of critical operational assets ensuring only personnel with the correct certification can have access to certain assets. Hardcat helps you meet regulatory GRC obligations and actively manage risk by providing accurate and up to date information about your assets. An enterprise view and governance of all assets, whilst product specific management at divisional/organisational unit level provides consistency, transparency, efficiency and ease with decision making.

What Is Governance?

Governance can be best described as the process and structures used to direct and manage the affairs of an organisation. A system by which companies are directed and controlled, with the goal of achieving financial viability and creating value.

What Is Risk?

Risks come in different forms. Some will have a big impact and others a moderate impact. Working out which to focus on can be considered by looking at a ‘level of risk’ scale. It can be overwhelming to consider all possible risks an organisation may face. Assessing the impact of each can help prioritise where to invest your time and energy.

What Is Compliance?

Compliance entails grasping and fulfilling the expectations and obligations of all internal and external stakeholders, encompassing both legal requirements and voluntary standards.

What Is ISO 55000?

ISO 55000 defines asset management as the coordinated activities of an organisation aimed at realising value from assets, which are items, things, or entities that have potential or actual value to the organisation.

Effective Asset Management – Challenges

Traditionally seen as a finance role
Losing visibility of assets after procurement
Inherited disjointed systems that hinder the organisation from achieving a comprehensive view and visibility of its assets
Manual processes and data inaccuracy
Inconsistent asset management processes
Less budget and need to do more with less
Increasing compliance requirements

Effective Asset Management – Framework

Improved financial performance
Informed asset investment decisions
Managed risk
Improved services and outputs
Demonstrated social responsibility
Demonstrated compliance
Enhanced reputation
Improved organisational sustainability
Improved efficiency and effectiveness

Hardcat software products provide a precise, one-stop source of information including maintenance records, related expenses, audit findings, and a comprehensive history of all events that have happened throughout the course of the asset’s lifetime. With the help of Hardcat’s extensive knowledgebase, you can confidently testify to compliance and regulatory requirements and create reports that support ongoing governance risk and compliance efforts. Hardcat asset management solutions are at the core of good governance, risk and compliance and ISO 55000.

Key Features

Single Source of Truth

Providing a reliable, single source of truth about your assets, from which to generate reports that support your attestation and compliance needs.

Physical Audits

Enabling the efficient execution of regular, scheduled audit jobs that accurately validate the details of each asset.

Requests, Job and Servicing Management

Help manage all asset related activities including ad-hoc service requests, scheduled maintenance, condition and/or safety checks.

Role Based Security

Ensuring that users can only access what they are supposed to.

Need to Know Dashboards

An intuitive user interface provides the key data that empowers the maintenance role user to effectively manage the current and forecast jobs.

Fully Auditable Transaction based solution

Providing complete traceability via the recording of the full history of all jobs, transactions and user interactions associated with an asset. This provides for centralised reporting to support audits, risk assessments, compliance and the claims processes.

Certainty Matters

We’re proud to have worked with clients across the globe. Hear from our clients across industries who’ve used Hardcat solutions and benefited greatly.

"Hardcat's defence management solution is central to Project TIGER's (Theatre Inventory General Equipment Register) asset auditing process."

Client

British Armed Forces - Project TIGER (UK)

Industry

Defence- Military & Maritime

Problem Statement

Physically audit every asset, including those in any and all current theatres of operation, at least every 90 days.

"The City of Pelham now pro-actively tracks all of their assets, reducing the amount of time and energy that was spent tracking everything manually."

Client

The City of Pelham (USA)

Industry

Government

Problem Statement

Asset tracking solutions in order to comply with GASB 34 (Government Accounting Standards Board).

"The Hardcat solution allowed 1st National Bank of Arizona to consolidate all fixed asset data into a single database."

Client

1st National Bank of Arizona (USA)

Industry

Banking

Problem Statement

Asset control for business and management reporting, and statutory regulations.

"Each product is now tracked every step of its journey from 'cradle to grave' with Hardcat's asset management software and Intermec hardware."

Client

Concentrics Research (USA)

Industry

Healthcare and Aged Care

Problem Statement

Track thousands of highly sensitive medical records and product samples in a legal, secure and cost effective way using RFID.

“Our Hardcat solution is very popular, because the staff can see the benefits it brings to their jobs and as a result have been quick to embrace its use.”

Client

BHP Nickel West (AU)

Industry

Mining, Oil and Gas

Problem Statement

Management of the issuing, returns and maintenance of respirators for mining staff.

"Hardcat Lebosi software solution is utilised by Victoria Police enterprise wide across all stations and various specialist units to manage the issue/return and servicing of all operational equipment, whilst ensuring officer qualifications and impairments are checked for validity. Hardcat Lebosi provides a mechanism to conduct daily station audits and Armoury bi-annual state audits of firearms, ensuring early detection of misplaced critical assets."

Client

Victoria Police (AU)

Industry

Law Enforcement

Problem Statement

Safety and Compliance - Firearm management.

We’re proud to be trusted by over 2,000 organisations in over 121 countries for the integrity and reliability of our asset management software and services. How can we help you?