Here are answers to each of the most frequently asked questions about the benefits and added value proposition of using a Governance Performance and Strategy System CUBES:
CUBES Platform operates globally, with a strong presence in key regions such as Dubai, Abu Dhabi, the United States of America, Jordan, Kuwait, and Saudi Arabia, and we are continuously expanding to new markets. Our Corporate Governance services and software are designed to help organizations streamline compliance, enhance transparency, and improve decision-making processes. From advanced governance frameworks to cutting-edge software solutions, we empower businesses to meet regulatory requirements, manage risks, and achieve operational excellence. Whether you're in the Middle East, the USA, or beyond, CUBES Platform is your trusted partner for innovative Corporate Governance solutions.
Governance, Risk, and Compliance (GRC) is a structured way to align IT with business goals while managing risks and meeting all industry and government regulations. It includes tools and processes to unify an organization's governance and risk management with its technological innovation and adoption.
GPRC stands for Governance, Performance, Risk, and Compliance, incorporating the crucial 'P' that is often missing in traditional GRC frameworks. Governance, Risk, and Compliance (GRC) have a significant impact on performance, with the two—GRC and performance—working in tandem to create a symbiotic relationship that drives the business ahead of its competitors.
Yes, CUBES is a scalable system that can accommodate the growth and evolving needs of your organization. It can adapt to changing requirements and expand as your governance, sustainability, and initiatives develop.
CUBES prioritizes data security and privacy. It employs robust encryption, access controls, and compliance with data protection regulations to safeguard sensitive governance and sustainability information.
The CUBES system can provide a roadmap for future updates and enhancements. This roadmap will outline how ongoing improvements will benefit your organization by addressing emerging governance, sustainability, challenges, and opportunities.
Yes, CUBES is designed to be compatible with other software and systems, allowing for seamless integration with your existing governance-related tools. It is equipped with APIs and different types of integration with database views, which ensures data consistency and efficiency in your processes.
CUBES contributes to risk management by helping identify and mitigate sustainability-related risks by offering Risk Management Module that can be easily linked with Key Risk Indicators that are monitored in the Performance Module. It also supports adding and assessing the controls,creating and executing mitigation plans, which can track and control your organization's resilience.
Yes, there are many case studies and success stories that demonstrate the tangible benefits of using CUBES in organizations similar to yours. These use cases will illustrate how the system has positively impacted similar businesses and display the system's practical benefits and outcomes. You can visit our website or reach our support portal.
The cost structure for implementing and maintaining CUBES will depend on your organization's specific needs and scale. It will also consider the selection of available Modules and the type of user license. CUBES offers different pricing packages, and its subscription-based licenses.
The CUBES system provider offers comprehensive tailored training and support programs to ensure your team can effectively use the platform. This includes onboarding, user training, ongoing support, and access to resources and documentation.
Yes, CUBES can provide insights and benchmarks that allow us to compare your organization's performance with industry peers and best practices, it also offers forecasting capabilities. These features help identify areas for improvement and competitive advantages.
CUBES includes features for stakeholder engagement and communication, such as stakeholder surveys, feedback collection, and reporting tools. This fosters transparency and enables you to effectively engage with investors, customers, employees, and other stakeholders interested in your services to enhance your outcomes and utilize your services with the best techniques.
Yes, because we listen to our customers’ voices and understand their needs and identity, CUBES offers customization options to tailor the system to your organization's unique governance and sustainability needs. We can configure the system to align with your specific goals, metrics, and reporting requirements.
CUBES can manage a wide range of KPIs, data, and metrics, including strategic, operational, satisfaction, financial, environmental, social, Risk, and governance indicators. This enables you to measure and monitor performance across various dimensions. The system's flexibility allows you to select and monitor the KPIs most relevant to our goals facilitating a holistic view of our organization's progress.
In the big picture, CUBES is designed to support compliance with relevant regulations and standards by following the Balance Score Card framework and universal standards for performance management in addition to best practices. Narrowing to Data management, CUBES has automated data collection, and reporting features based on frequencies and auto notification to responsible person. This helps streamline the compliance process and data accuracy hence reducing the risk of non-compliance.
CUBES provides comprehensive reporting capabilities, allowing you to track and communicate governance. It supports the creation of customized out-of-the-box dashboards, which can be shared with stakeholders, investors, and regulatory authorities. It also provides a wide range of reports that cover any specific need. Additionally, CUBES provides Executive Dashboards as the main window to spot important figures and data instantly!
Yes, CUBES system offers the flexibility to be deployed in both on-premises and cloud-based SaaS environments. Organizations can choose the deployment option that best suits their needs and infrastructure. The on-premises deployment allows for complete control and customization of the system within your own data center, while the cloud-based SaaS option offers scalability, accessibility, and maintenance benefits, making it a suitable choice for those looking for a more streamlined and managed solution.
CUBES is a bilingual system that fully supports the English Language and is fully Arabized, also it offers translation fields and can support any other language upon request.
CUBES offers a range of features and modules to support sustainability governance, through data integration, performance tracking, stakeholder engagement tools, and reporting capabilities. It assists in identifying risks and opportunities and facilitates data-driven decision-making. Specifically, CUBES offers the following modules for complete governance:
- Performance and Strategy Management
- Enterprise Risk Management
- Audit Management
- AWARDs Management
- Survey Management
- Employees Appraisal
- Committee Management
- Dashboards and Reporting
CUBES helps enhance corporate performance governance by providing a structured framework for board oversight, compliance, monitoring, and risk management. It offers governance modules to streamline governance processes, improve transparency, and ensure adherence to governance best practices and regulations.
The primary objectives of implementing the CUBES system in your organization are to enhance corporate performance governance practices, improve sustainability performance, and strategy alignment with your long-term objectives that translate your Vision and Mission. CUBES aims to align your corporate strategy with your objectives and KPIs to facilitate transparent and accurate reporting to stakeholders and decision-makers.