Governance, risk management and compliance (GRC) are intrinsically and unavoidably linked, with each of the three disciplines creating information of value to the other two. Any fragmentation within this ecosystem can have consequences for businesses that range from inefficiency and unnecessary cost all the way through to outright disaster. As a result, a coordinated, unified and streamlined approach should be undertaken to operate GRC effectively.
In many organisation, internal audits and approvals can become delayed due to ageing manual processes, and further delays can be caused by companies employing disparate control systems to manage documentation and compliance, rather than a single, unified piece of software. By aligning GRC practices with an effective, up-to-date and streamlined IT solution companies stand a much better chance of increasing their security awareness and ability to respond to GRC threats.