GRC: Harmonizing business practices
GRC: Harmonizing business practices
Negotiating the minefield that is governance, risk and compliance (GRC) can be a daunting task for corporate, financial and IT executives alike. With companies facing significantly greater risks due to government and private industry compliance regulations that vary from country to country, combined with significantly increased litigation, most managers are searching for new ways to decrease their risk profile while continuing to scale back on costs and personnel. While software can help, it needs to understand the overall business goals and environment in order to judge risk appropriately.