ServiceNow

Governance, Risk and Compliance
Cyber Security & Financial Crime

NextWave are Financial Services specialists in the ServiceNow Governance, Risk and Compliance solutions using our deep industry expertise combined with ServiceNow technical capabilities to assist organisations in effective and rapid organisational adoption and roll-out of the ServiceNow GRC modules. 

The ServiceNow platform provides a foundation for the scaled roll-out of enterprise Governance, Risk and Compliance solutions across an organisation with complete coverage for a single view and single golden source of an organisations GRC compliance and risks. 

Already deployed in many organisations for the enterprise for a multitude of use cases, ServiceNow have extended the use cases with pre-built solutions for the GRC space. 

Built-in AI on the ServiceNow platform both accelerates the adoption and assists with ensuring effective control. The AI capabilities are embedded seamlessly across the GRC solutions from automated prompting for users based on previous submissions in the NowAssist framework, automatic recognition of duplicate control objectives, to intelligent summarisation of new regulatory directives.

These solutions deliver best-in-class business
outcomes in a single end to end solution

Quickly and efficiently build the materials you need to support your
inbound marketing strategy. Drag and drop building blocks including
testimonials, forms, calls-to-action, and more.
Risk

Integrated risk management

Risk management, policy and compliance management, audit management, operational resilience management

continuity

Business continuity management

Business impact analysis, business continuity planning, operational resilience management, exercise management

privacy

Privacy management

Privacy case management, privacy impact assessments, automated control testing, third party integrations

third party

Third party risk management

Onboarding, offboarding and renewals due diligence, risk intelligence and monitoring, concentration map, Regulatory, model and ESG management

NextWave can assist organisations in the following ways

At NextWave we strongly advocate adoption of the core modules with minimal change to maximise the speed of adoption, minimise the future cost of ownership and reduce friction on new release adoption.

This can mean changes to existing internal processes of an organisation which we can bring an industry best practice view to reinforce the reasons and help with outlining the mitigations and controls.

The ServiceNow modules flexibility and business-outcome led design minimises the need for bespoke changes.

Evaluation

Gap analysis and assessment of the existing incumbent GRC and supporting estate, data (policies, controls, etc) and tooling and business case construction.

Planning

Business & IT change management approach and planning, governance, phased implementation and cascading adoption recommendations.

Self-sustainability

Bootstrapping the initial delivery on and offshore with the option of a build / operate / transfer for an offshore CoE.

Business change

Both the requirements of the ServiceNow modules from a process and data approach along with the supporting assets required to ensure a successful adoption.

Business analysis

Understanding the required outcomes and existing challenges against the context of a ServiceNow implementation.

Data clean and migration

Planning and execution of existing data onboarding or initial capture for the controls, policies, risks, etc.

Configuration

Performing the configuration of the ServiceNow modules to deliver the required business outcomes.

Engineering

Integration with data sources and for the times where some bespoke configuration is required (see below why this should be minimised).

Testing

Robust industry best practice testing frameworks and capability to minimise the risk of issues and accelerate the implementation

How we can help

The NextWave unique proposition of industry experience and ServiceNow knowledge enables the effective and robust execution of these items through the following capabilities
analyzing-stock-market-data

Industry specialists

Ex-MD and senior industry expertise from individuals who have led GRC implementations in multi-national Financial Service organisations and have experienced the challenges and reality of successfully delivering global GRC projects.

corporate-business-team-and-manager-in-a-meeting-2021-08-26-16-13-03-utc-1

Configuration specialists

Certified Implementation specialists for analysing and translating the required business outcomes into the module configurations.

programmers-coding-at-office-2021-08-29-23-41-31-utc-1

Engineering

ServiceNow certified analysts (CSA), developers (CSD) and architects to ensure robust and future-proofed implementations.

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Testing

Dedicated testing practice focused on industry-leading capabilities and tooling.

Contact us below to discuss how we can help with your ServiceNow GRC journey.

You can also email us at info@nxwave.co.uk with any queries. 

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Case Studies

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