Services

Integrated Risk Management in a nutshell

Right now, 85% of the fraud that takes place in South African companies is perpetrated by insiders. What’s worse, research shows that 10% of your employees will always be honest; 10% of your employees will always be dishonest; and 80% of your employees will be honest or dishonest – depending on the controls that you put in place.

These numbers indicate that effective risk management, in the form of automatic, continuous, non-invasive and real-time monitoring solutions from Magix, is critical to achieve fraud detection and fraud prevention inside your IT system and within your organisation. Magix also empowers executives to fulfil their risk management obligations, in line with South Africa’s King Report on Corporate Governance and many other regulations such as SOX, Bazel II, FICA, NCA, PFMA. Also Magix assists organizations in complying with best practices such as COBIT, ITIL , ISO and more.

“King II now requires that companies audit risk exposure annually and disclose it to their shareholders. It has therefore become…paramount…that organisations that seek to conform to international best business practices implement sound corporate governance structures.”

- THE KING II REPORT ON CORPORATE GOVERNANCE, Dr J. Minnaar-van Veijeren

At the same time, integration is central. Magix provides quick, easy ways to integrate legacy applications and current technologies, to harness information assets in different systems without tampering with them and to enhance corporate governance, compliance and returns on investment (ROI). The Magix focus falls on:

Magix focus is on:

advanced Software Development Life Cycle (SDLC) management

project management and best-practice implementation methodologies

post-sales support: service level agreements; facilities management

Solutions we offer