Governance Risk Compliance
Until now, regulatory mandates have been the primary catalyst for improving an organization’s control environment and business processes. As a financial crisis grips the world economy and mega corporations struggle to survive, risk management is taking a new eminence. Without the ability to coordinate and consolidate governance, risk, and compliance (GRC) activities, organizations cannot rise to calls for greater accountability, nor can they evaluate and manage potential threats to the business, all the while keeping resources and costs in check. The convergence of global standards and accelerating corporate performance expectations only add complexity to managing these GRC initiatives. Increasingly, organizations are seeking a better way – a sustainable platform that improves the quality and effectiveness of compliance programs and provides the mechanisms to understand, manage, and treat risk.