CASE STUDY

Banorte Bank Gains Accurate Picture of Riskwith Archer Suite®

In 2015, business leaders at Grupo Financiero Banorte—the second largest bank inMexico— began looking for a GRC application to replace the various spreadsheets andhomegrown systems the bank was then using to manage risk and compliance across its
extensive business.
After studying various benchmarking reports and evaluating several different applications,the selection committee settled on Archer Suite, believing it had the most robust set ofcapabilities and would serve Banorte the best over the long term, according to Andres
Bedolla Gomez, the systems administrator and manager responsible for the bank’s Archer
Suite implementation.
®

Archer Suite empowers organizations of all sizes to manage multiple dimensions of risk
on one configurable, integrated software platform. With Archer Suite, organizations canquickly implement risk management processes based on industry standards and bestpractices—leading to improved risk management maturity, more informed decisionmaking and enhanced business performance.
Archer Suite is widely recognized as an industry leader. In 2018 and 2019, Gartner
named Dell Technologies (Archer) a leader in the Magic Quadrant for integrated risk
management¹ for its Archer Suite solution. In 2018, SC Magazine named Archer Suite“Best Regulatory Compliance Solution.” The prior year, the publication Risk named ArcherSuite “Best Cyber Risk/Security Product” and “Best Overall Provider.”²Reports Leaders Can Trust
The bank deployed the Archer Operational Risk Management solution first, then moved
on to the Archer Audit Management solution. According to Gomez, the bank is in theprocess of implementing the Archer Business Continuity Management and Archer IT& Security Risk Management solutions.

Customer Profile• Headquarters inMonterrey, Mexico• $128 billion in assets• 22,000 employees• 1,200 branches

Even with just half of the bank’s planned deployment complete, it is realizing significant
benefits. With the effort to get all risk and compliance data on a single platform, Banorte
is moving toward a consolidated, real-time view of risk and compliance across its commercial
banking, personal banking, investment banking, insurance, and leasing and storage businesses.
Gomez says developing a common understanding across the company of what constitutes
high or low risk has been instrumental to the bank’s success with Archer Suite. Because
everyone now measures different risks in the same manner and because the suite maps
risks to business processes and different products and services, the senior management
team can trust the reporting from Archer Suite, knowing it provides them with anaccurate picture of the bank’s risk profile.
He adds, “Because we’re moving everyone to Archer, we’ve been able to eliminate themaintenance and development costs associated with our old in-house systems.”

A Strong Culture of Risk and Compliance
Gomez notes that employees are readily adopting Archer Suite because it’s so easy
to use. Where risk and compliance activities were once under the s ole purview of thebank’s GRC, internal audit and IT functions, Banorte has been able to extend these
activities to employees on the front lines of the business through Archer Suite.

“With Archer Suite, end users
can see and test different
controls in the system.
They can attach evidenceof the effectiveness ofthese controls and link that
evidence to policies andrisks. Involving business
users in our monitoring
program is definitely helping
us create a stronger cultureof risk throughout the bank.
Andres Bedolla Gomez ,Systems Administrator
Banorte Bank

“That’s something we couldn’t do previously with our siloed, homegrown systems—wecouldn’t give end users access to them,” says Gomez. “But now, with Archer Suite, end
users can see and test different controls in the system. They can attach evidence of theeffectiveness of these controls and link that evidence to policies and risks. Involving
business users in our monitoring program is definitely helping us create a strongerculture of risk throughout the bank.””

Discover More
Archer is a leading provider of integrated risk management (IRM) solutions that enable customers to improve strategic decisionmaking and operational resilience with a modern technology platform that supports qualitative and quantitative analysis driven
by both business and IT impacts. As true pioneers in GRC software, Archer remains solely dedicated to helping customers manage
risk and compliance domains, from traditional operational risk to emerging issues such as ESG. With over 20 years in the risk
management industry, the Archer customer base represents one of the largest pure risk management communities globally, withmore than 1,200 customers including more than 50% of the Fortune 500.
Visit www.ArcherIRM.com.

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Technologies LLC in the United States and other countries. All other trademarks are the property of their respective owners. Archerbelieves the information in this document is accurate. The information is subject to change without notice. 11/22 Case Study.