G.R.C Platform
Why do organizations need it?
GRC framework is a federated structure which serves as central frame of reference/guide that directs, manages and implements GRC concepts in an organization. The framework is based on the organizational context and the GRC program is defined based on the framework.
A well designed GRC Framework helps organizations develop a program that prioritize and respond to GRC requirements with better visibility, collaboration and transparency.
Successful implementation of a GRC program depends on the GRC platform that is used to implement the program.
GRC platform is a technology solution that facilitates and supports the implementation and management of various GRC capabilities at different levels in an organization. This technology enabled GRC program would help organizations get rid of GRC silos within the organization, avoid pitfalls due to inconsistent source of information, drives alignment to business objectives, reduces cost due to redundant efforts and so on.
There are many GRC platforms that cater to large and mid-organizations, that are prioritizing GRC program strategically to manage their risk and compliance functions to grow and establish themselves. It is crucial to identify the criteria from an organization’s perspective to evaluate and choose the right GRC platform.
Mostly organizations decide based on the cost, reputation of the vendor, scope of the solution and its strategy but miss out to the very important aspect — the functional features that best suit their needs. There are GRC solutions that specialize in a specific area like enterprise GRC, financial GRC, IT GRC and so on. Therefore, before making the decision to choose a GRC platform there should be a thorough understanding of the business context, internal & external requirements and available resources to acquire the platform.
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We integrate and automate your IT GRC capabilities.
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