Governance, Risk and Compliance Framework

Abstract: Many organizations find themselves managing their Governance, Risk and Compliance (GRC) initiatives in silos. However as the multiple risk and compliance initiatives become more intertwined from regulatory and organizational perspectives, multiple systems cause confusion due to duplicative and contradictory processes and documentation, resulting in increased business risk. In addition the redundancy of work, as well as sheer expense of maintaining multiple point software solutions causes the cost of compliance and risk management to increase significantly. GRC solutions provide a clear, unambiguous process for Governance, Risk and Compliance, deliver a single point of reference for the organization and eliminate duplicate and redundant work.