Integrated Governance, Risk management, and Compliance (GRC) is an effective corporate management system that incorporates these three central functions into the processes of every department within an organization. It is an effective response to disparate organisational silos.

The overall purpose of GRC is to reduce risks and costs as well as duplication of effort. It is a strategy that requires company-wide cooperation to achieve results that meet internal guidelines and processes established for each of the three key functions.

Governance, risk management, and compliance as a concept refers to how a company acts to achieve its goals, manage uncertainty, and act with integrity, or follow the rules. GRC policies and procedures are often interrelated.

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THE CHALLENGE:

Today’s  business  environment  requires  you  to  be  flexible,  boost productivity and creativity, and offer modern, user-friendly experiences on a large scale. To do this effectively, you need to connect digital workflows throughout your company to improve how business tasks are done and ensure work moves smoothly among people, information, and systems. All whilst ensuring current systems don’t become antiquated.