{
    "success": true,
    "data": {
        "id": 1974059,
        "msgid": "wki-integrates-grc-into-business-decision-making-1789121211",
        "date": "2026-09-11 16:01:02",
        "title": "WKI Integrates GRC into Business Decision-Making",
        "author": "Satria K Yudha",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Business",
        "summary": "PT Waskita Karya Infrastruktur (WKI) has implemented Governance, Risk, and Compliance (GRC) frameworks across its entire business process, from tendering to cash flow management. This strategic move aims to identify potential risks early and ensure sustainable revenue through better-controlled margins and mitigated fraud risks.",
        "content": "<p>PT Waskult Karya Infrastruktur (WKI) is implementing Governance,\nRisk, and Compliance (GRC) in its business decision-making processes,\nranging from the tendering stage to cash flow control. The application\nof this risk management approach is used to identify potential risks\nfrom the outset and determine mitigation steps within the company\u2019s\nactivities.<\/p>\n<p>The Acting President Director of WKI, Bambang Dwi Wijayanto, stated\nthat GRC is not merely placed as a means of regulatory compliance, but\nis utilised in decision-making processes at both strategic and\noperational levels.<\/p>\n<p>\u201cFor us, GRC is not just about fulfilling regulatory obligations. We\nintegrate GRC into every business decision-making process,\u201d said\nBambang.<\/p>\n<p>The implementation of GRC at WKI includes risk-based tender reviews,\na Risk Management Committee, an Investment and Divestment Committee,\ncentralised payments, and the integration of risk indicators with Key\nPerformance Indicators (KPIs).<\/p>\n<p>This mechanism is used to identify risks during the planning stage,\nestablish mitigations, and monitor their implementation. In business\nactivities, risk management also serves as a consideration in project\nselection, contract control, cash flow monitoring, and fraud risk\nmitigation.<\/p>\n<p>As a company operating in the infrastructure sector, WKI faces\nseveral risks, including those related to contracts, funding,\noperations, and compliance. Risk management is necessary to ensure that\nbusiness decisions consider the company\u2019s ability to face potential\nrisks.<\/p>\n<p>\u201cRisk management does not directly generate revenue. Its contribution\nis helping to ensure that revenue is obtained from healthier decisions\nand projects, with acceptable risks, maintained margins, and controlled\ncash flows,\u201d said Bambang.<\/p>\n<p>This implementation was recognised at the TOP GRC Awards 2026 held in\nJakarta on Wednesday (9\/9\/2026). WKI received the TOP GRC Awards 2026 -\n4 Stars rating, an increase from the 3-star rating in 2025, while\nBambang received \u2018The Most Committed GRC Leader 2026\u2019 award.<\/p>\n<p>According to Bambang, this achievement serves as input for the\ncompany to continue evaluating the implementation of GRC in its business\nactivities.<\/p>\n<p>\u201cThis award serves as feedback for us to continue improving GRC\nmaturity and to ensure its implementation delivers a real impact on the\nquality of decisions and the company\u2019s sustainability,\u201d said\nBambang.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/wki-integrates-grc-into-business-decision-making-1789121211",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}