Wynyard Group has formed a new client relationship with Galadari Brothers, a prominent United Arab Emirates business conglomerate with growing business interests in the Gulf Cooperation Council, Asia and Australia.
The Galadari Brothers Group of companies, which operates in sectors including retail, automobiles, heavy equipment, industrial trading, media, engineering, hospitality and real estate, has selected Wynyard software to manage audit, risk and compliance.
The group’s internal audit head, Ghassan Khair, says that internal audit management is becoming increasingly challenging, given the growing complexity and diversity of businesses, in addition to the types and frequency of audits that need to be conducted.
“Point solutions and spreadsheet-based systems are no longer suitable for effectively managing the internal audit function. Using technology is the only option to meet these challenges,” he says
“Wynyard’s solution will support the complete spectrum of audit and risk management in a single platform, and will automate the risk assessment and audit processes such as planning, execution, reporting, monitoring and compliance.”
Wynyard’s configurable risk solution delivers the risk management framework to integrate audit, corporate governance and regulatory compliance management with business and strategic objectives.
Galadari Brothers evaluated other specialist risk management software before selecting Wynyard Group.
“Wynyard has a strong track record of working in successful partnerships with its Middle East clients to deliver robust solutions that help them address the business challenges they face,” says Wynyard managing director Craig Richardson.
“In every sector and market we see laws and regulations increasing and changing to better protect investors and institutions from risks, financial crime and corruption.”
Wynyard has more than 400 customers worldwide, including Fortune 500 companies. The company has offices in the United Kingdom, United States, Canada, United Arab Emirates, Australia and New Zealand.