Governance, Risk and Compliance Management – or GRC – is an up-and-coming field that reflects a comprehensive and integrated approach to these three areas. Governance, Risk and Compliance Management refers to the measures, mechanisms and processes used in an organization with respect to governance, risk management and compliance.
The objective of GRC is to ensure consistency, efficiency and transparency in multiple governance, risk and compliance processes throughout an organization, with the collaboration of those responsible for Corporate Governance, Compliance Management, Risk management, IT, Auditing, and other relevant business areas.
Optimal collaboration can only be achieved when a common technology framework and infrastructure is in place to eliminate silos, standardize processes, improve communication between departments, and reduce operating costs.
As GRC gains momentum in organizations globally, software is assuming a key role in delivering sustainability, consistency, efficiency and transparency across governance, risk management, and compliance process. Modulo Risk Manager is at the forefront of GRC solutions.
How Modulo Risk Manager can help your business:
- Implements a common framework to manage all IT GRC-related processes
- Produces all required compliance reports
- Identifies, assesses, prioritizes and addresses risks
- Provides control and policy mapping, IT control self-assessment and measurement, and an IT GRC asset repository
- Automates general computer control (GCC) collection
- Provides remediation and exception management
- Provides advanced IT risk evaluation and compliance dashboarding
- Generating a governance risk map (using Visio diagrams)
