Recent Success Stories
MF Global Case Study: A Success Formula for GRC Monitoring and Measurement
MF Global knows that business agility is a competitive advantage. Now the company, a world leader in financial services, has found a new and flexible enterprise solution to its need to demonstrate, manage and measure compliance. Today it’s using this newly found opportunity of developing applications in days and not months to begin to clear a backlog of key business and compliance projects.
The solution is Xactium On-demand GRC the world’s first GRC solution built entirely on Force.com
The Business Challenges
Richard Seaman, director of compliance and legal at MF Global has a hectic schedule of new projects to deliver which is driven by the demands of an agile global business and the regulatory requirements of operating on 70 markets across five continents.
The department does not have the traditional Business Analyst department supporting project planning and delivery and so looked for the fast track, flexible work flow tools and compliance solution that Xactium On-Demand GRC delivers.
Richard Seaman explained: "Before, we had a large number of projects being worked on and it’s only now that we have a robust management tool to define and manage new applications to help deliver key regulatory initiatives to our business agenda"."It has literally transformed our ability to deliver and our ability to measure and report on compliance performance".
Because its business is uniquely diversified across products, trading markets, customers and regions, MF Global is now more able to adapt quickly to changing market conditions and client needs, and maintain its market-leading position.
Xactium Offers an Advantageous Approach
Richard Seaman continues: "Customization of the solution has been a big advantage for us. The understanding of the business issues by the Xactium team has proved a valuable resource. The result is we have been able to make changes, introduce new requirements and deliver everything in days not months".
