Governance, Risk Management and Compliance (GRC)
According to a recent PricewaterhouseCoopers survey, good governance can enhance reputational value by 23%, employee retention value by 10% and increase revenue by 8%. To grow and thrive , organizations must have a governance, risk management and compliance (GRC) strategy in place that allows the efficient and effective managing of opportunities and risks while still complying with regulations and stakeholder expectations
It's best to take a proactive approach to GRC. Information technology solutions can help embed operational controls into your business processes and automate your GRC programs from risk management to compliance reporting. Empowered with GRC reporting tools, management can turn to GRC information to make better decisions.
In the past there was a silo approach to governance, risk management and compliance but since they are interdependent, tackling GRC in tandem can be cost effective. GRC is converging with ITIL to enable organizations to be governed intelligently, meet customer and organizational requirements and deliver a high level of service while minimizing risks and maximizing efficiencies and effectiveness. A combination of newly developed tools, along with processes and frameworks, can move your organization to an all encompassing GRC strategy. Let GNS show you how.