EXL’s Risk and Financial Management services help clients address their governance, risk and compliance (GRC) challenges. Our innovative, cost-effective solutions deliver business outcomes that enhance performance and improve enterprise value.

EXL’s Risk and Financial Management services are structured along the following lines:

Corporate organizations have never witnessed a similar pace of change and transformation as they do today. Changes resulting from new regulations coupled with emerging business challenges and technological challenges are driving organizations to constantly transform their business practices. Companies facing regulatory and market pressures are recognizing the importance of governance and risk management. These circumstances have created the demand for cost effective risk and financial advisory services that deliver immediate value and, provide flexibility to address the dynamic business environment.

EXL understands the challenges posed by the new and emerging business and risk scenarios. Our solutions combine a full spectrum of services and technologies that help manage operational, technological, legal and regulatory risks. Our partnership-based engagement model enables clients to focus on their business priorities while leveraging our deep domain expertise, project management and delivery capabilities.

Differentiators

World-Class Capabilities
Over 200 risk advisory professionals with extensive GRC consulting and transformation experience with Big 4 and leading consulting firms Extensive experience and professional certifications in security and effectiveness review of ERP applications such as SAP, Oracle and PeopleSoft Deep domain expertise in business process analysis and risk analytics Automation capabilities and experience with GRC tools Well-defined processes and methodologies with independent ISO 27001 and SAS 70 certifications Proprietary tools and methodologies for GRC optimization, continuous controls monitoring (CCM), controls automation , and segregation of duties
Proven Track Record of Delivery
Experience of providing Sarbanes-Oxley, internal audit, and IT assurance services to over 50 clients Global delivery experience for multiple industries Process Innovation labs for incubating and developing industry leading solutions 100% clients scoring EXL in the top two boxes for three consecutive years
Flexible Global Delivery Model
Ability to deliver engagements on dual-shore basis Modular and flexible approach that enables rapid deployment and ramp down World-class delivery locations in India, US and the Philippines Local language capabilities for onsite engagements in Continental Europe and Asia Pacific regions
Culture of Continuous Learning and Improvement
Focus on continued professional education and skill certifications Robust in-house training and development infrastructure combined with strategic alliances with leading GRC training and thought leadership providers Institutionalized Six Sigma and LEAN-based methodologies with extensive and customized metrics and reporting Independent reporting processes for quality and operational performance

EXL’s Risk and Financial Management Services

Risk Management
Internal Audit The internal audit function has grown to be an independent assurance and consulting activity in today's business environment. It is designed to improve an organization's operations through application of a systematic and disciplined approach. It helps organizations evaluate and improve the effectiveness of the risk management, control, and governance processes. As an instrument of corporate governance, internal audit function is required to provide objective assurance to the Board and management that the risk exposures that an organization faces are understood and managed appropriately. The growing complexity of corporate governance regulations has placed significant responsibility on the internal audit function. Consequently, the focus of internal function is largely on the assessment of risk management framework and facilitating process improvements through quality recommendations. Our range of internal audit services includes: Internal audit co-sourcing Information technology (IT) audit services Internal audit quality assurance reviews Internal audit department setup advisory Internal audit technology and tool implementation support Enterprise Risk Management (ERM) and Operational Risk Management (ORM) Implementation Assistance ERM design and set up advisory Operational risk assessment Risk monitoring and reporting Technology Risk IT security and governance reviews Application effectiveness ERP assurance Fraud and Risk Analytics
Compliance
The corporate failures of the past decade prompted regulators worldwide to enact legislations to restore investor confidence and improve the governance and control environments of public registrants. These provisions require the registrants to evaluate the effectiveness of internal controls under the direction of the CEO and CFO. Sarbanes-Oxley Compliance Regulatory Compliance Privacy and data protection GLBA EU data directive HIPAA BS7799 Anti-money laundering OFAC PATRIOT act Bank secrecy act Best practices ISO COSO COBIT Contract Compliance Revenue and Spend Assurance
GRC Transformation
Optimization advisory Continuous controls monitoring Testing automation and outsourcing