All businesses need a strategy and processes for governance, risk and compliance (GRC). Many still view GRC activity as a burdensome ‘must-do,’ approaching it reactively and managing it with non-specialized tools. GRC is a necessary business endeavor but it can be elevated from a cost drain to a value-add activity.
By integrating GRC holistically throughout the organization, and by minimizing manual and duplicative processes through the use of cloud-based tools, firms can benefit from actionable business intelligence and support rapid and informed decision-making.