Achieving Efficient GRC Through Process and Automation

Now more than ever, organizations of all sizes and descriptions are struggling to comply with regulations and manage the risks and penalties of failing to operate within the rules. Establishing, maintaining and proving compliance requires both money and time that executives and shareholders would rather invest in top-line growth. The myriad of procedures, tasks, and behaviors that bear upon compliance can be overwhelming. Yet organizations that can master the management all of these activities—and demonstrate that they have done it—operate more efficiently, compete more effectively, and build their brands and good names in the marketplace. Fortunately, newly available software platforms that have become known as Governance, Risk, and Compliance (GRC) technologies can help . This paper discusses the drivers behind the growing awareness of GRC information technology and introduces the elements of an effective automated GRC system. It also presents a suggested method for a low-risk, high-impact approach to launching GRC automation.

Tags: ERP, Supply Chain Management, Compliance, Manufacturing, Governance, Risk

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