“Over a three year period 7,217 contractors were disbarred for infractions concerning compliance with Government regulations.”
Interagency on Suspension and Debarment Committee report to Congress
Without GRC, you are at Risk
All government suppliers must meet stringent compliance guidelines or risk enforcement penalties, fines, government oversight or loss of contract.
As a government prime contractor and sub-contractor you are vulnerable to false claims to the government because of employee misconduct. You are also subject to the Defense Federal Acquisition Regulation Supplement.
More than ever before, prime contractors are under intense scrutiny for Governance, Risk and Compliance in their own organizations and within their supply chains. This means that your employees, your subcontractors and their employees must adhere to GRC, necessitating a comprehensive compliance program.
To neutralize the threat of employee misconduct you need to assess your exposure and determine the appropriate actions that will mitigate risk and fraud. A effective GRC program initiated by your company and your subcontractors is key to preventing, detecting and remediating misconduct in a scalable and affordable manner.
Protect your company from the actions of the Suspension and Debarment Office by implementing the Ivis Governance, Risk and Compliance program. This program contains dashboards for compliance plans, monitoring, metrics and reporting that address the Fraud Triangle and identifies where the human behavior risk is.
The Benefits of Compliance
According to Federal Sentencing Guidelines, if a company can show a viable and effective ethics and compliance program, the subsequent fines/penalties from an infraction can be significantly reduced. The Ivis GRC software is such a program. We help your company implement and maintain a compliance management system that manages and documents the fraud triangle risk assessment for each compliance area.
We are transforming the way organizations engage GRC
By implementing the Ivis system, you can set your company apart from your industry peers and make you preferable in the eyes of the Government. A Fortune 500 DoD contractor has implemented the Ivis system based on affordability, agility, ease of implementation, intuitive dashboards and reporting capabilities on ethics and compliance risk from the lens of a human behavior misconduct risk assessment.