In today’s business world, companies face the demanding challenge of not only operating efficiently, but also minimizing risks and ensuring long-term stability. Enterprise Governance Management (EGM) provides the strategic framework that ensures your company aligns its business processes and decision-making in accordance with the highest standards of transparency, compliance, and efficiency.

Enterprise Governance Management (EGM) refers to the process of controlling and monitoring an organization to operate efficiently and in accordance with internal and external requirements. EGM involves the definition of rules, policies and procedures to ensure that business objectives are achieved, risks are minimized, and legal, ethical and regulatory requirements are met.

Implementing Enterprise Governance Management requires the understanding and integration of several key elements:
  • Corporate Governance: Forms the foundation of EGM and establishes organizational structures and responsibilities. It defines how decisions are made, responsibilities are assigned, and performance goals are set.
  • IT Governance: Focuses on how technology and information are used to support business objectives and minimize risks.
  • Risk management: Involves the systematic identification, assessment and minimization of risks. By identifying potential risks at an early stage and taking appropriate action, undesirable effects on the company can be minimized.
  • Compliance management: Effective compliance management ensures that the relevant regulations are adhered to within the company, whether in the financial area, environmental protection or data security.
  • Internal controls: Include measures to monitor activities, prevent fraud and ensure the accuracy of company data.

Implementing effective enterprise governance management opens up a wide range of benefits for your company:
  • Improved business performance and efficiency
  • Increased transparency and trust among all stakeholders, both internally and externally
  • Minimization of risks and proactive crisis management
  • Strategic alignment and long-term stability

Horus provides the fundamental building blocks for effective Enterprise Governance Management (EGM) through its tools and products based on predefined process knowledge. By creating a Digital Twin of an Organization (DTO), Horus allows the creation of a virtual representation which faithfully reflects all strategic, organizational, process and technical aspects of the process landscape. This innovative approach makes it possible to gain insight into operational reality in a sound way.

Access to relevant information and its connections is provided on the one hand via the networked models of the DTO and on the other hand via the stored data for the respective elements. In addition, this information and connections can be analyzed using integrated business intelligence components, and can be presented in meaningful dashboards. With the help of these mechanisms, the required information is made accessible to decision-makers at all levels in a targeted way.
By combining digital representation, networked information and meaningful analytics, Horus provides a comprehensive view of the organization. This supports companies in their enterprise governance by providing the necessary transparency, control and data-driven insights into the process landscape.  

Autoren: Ana Paula Rivas, Dr. Thomas Karle