MCO Recognized by Chartis Research as a Category Leader in Governance, Risk and Compliance

April 5, 2024. MCO (MyComplianceOffice) has been recognized as a category leader as a Category Leader in the Chartis Research Integrated GRC Solutions, 2024: Market Update and Vendor Landscape report.

The recognition highlights MCO’s commitment to delivering innovative and comprehensive governance, risk, and compliance (GRC) solutions on a single and configurable platform. 

The Chartis Research report contains a comprehensive analysis of the current market that evaluates vendors based on their completeness of offering and market potential. MCO’s ranking underscores its excellence in these areas and reflects our robust product offerings, customer-centric approach, and strategic vision.

According to Chartis, in a crowded GRC ecosystem, MCO and the MyComplianceOffice platform are distinguished by an architecture and go-to-market (GTM) approach anchored by scalability.  

Chartis notes that the control function is no longer solely focused on the audit function and now plays a larger and more strategic role, optimizing processes across the firm. MyComplianceOffice was recognized for the platform's ability to:

• Integrate with existing IT infrastructures and third-party systems
• Adapt and expand in response to organizational requirements
• Handle large-scale operations and complex enterprise environments

Chartis says that the modern GRC ecosystem places technology at the center, with advanced tools for workflow, analytics and control.  Chartis’ research suggests that there has been a major shift in how the risk function is viewed within the broader GRC and operational risk areas in financial services.The Vendor Update and Market Research report finds that while the GRC function started based in the areas of audit and organizational control, the impact of GRC functions have expanded dramatically. 

Chartis noted that MyComplianceOffice provides:

• Advanced automation tools to streamline GRC processes, ensuring consistency and efficiency
• Essential document management capabilities featuring version control and secure storage, which are crucial for compliance and document management
• A single source of data plus the ability to integrate with various internal and external data sources 

Access the full Chartis Research Integrated GRC Solutions, 2024: Market Update and Vendor Landscape report here.

MyComplianceOffice Offers Unparalleled Compliance Support

In the Vendor Spotlight: MyComplianceOffice - Integrated GRC Solutions, 2024, Chartis notes that “The platform’s depth of risk support is unparalleled, providing detailed and comprehensive support for identifying, assessing and mitigating risks," Technology like MyComplianceOffice gives firms the tools they need to monitor and manage operations and processes at a granular level.

Read the full vendor spotlight here.

This year’s ranking follows on the heels of MCO’s appearance in the Chartis RiskTech 100 2024. MCO’s Dave Kubersky sat down with Chartis Research Director Mark Feeley to chat about MCO’s inclusion on the list and regulatory trends in the financial services industry. You can check out the entire chat here:

About MCO  

MCO (MyComplianceOffice) provides integrated compliance management software that enables global financial services firms to operate efficiently, ethically, and compliantly. With 30 products on a single system, the powerful MyComplianceOffice platform lets compliance professionals demonstrate that they are proactively managing compliance obligations and the regulated activities of employees, the company and third parties.