Supported by Modulo, a recent survey identifies how companies are effectively managing their governance, risk and compliance objectives

The rising importance of IT GRC reflects the increasing acknowledgment that the key value of IT lies not only on technology itself (which is accessible to everyone), but in how it is applied and managed most effectively. The purpose is not to be good at the compliance process, governance or risk management for its own sake, but control IT more effectively supporting business goals and managing financial, strategic and operational risks.

In order to provide a global vision on how the Best-in-Class companies of different sectors are dealing with GRC initiatives, Aberdeen Group developed a research supported by Modulo, the leading IT GRC solutions provider, approaching the top results regarding the best GRC practices.

Some of the main results pointed out by the research shows that Best-in-Class companies:

1. estimated that business-critical decisions are made 10% faster, based on improved management visibility into current risks.

2. eliminated redundant risk management activities and processes, with a reduction of 8.5%.

3. improved efficiency of their compliance tracking and reporting processes by 12% and their ability to provide clear, timely communication of risks and compliance status to shareholders and board of directors.

4. increased their flexibility to adjust to new or updated regulatory requirements by 11.5%.

Therefore, whether a company is trying to enhance its performance in IT GRC or to incorporate new strategies and methods to its structure, the establishment of consistent policies, as well as the focus on risk, are required. These and other initiatives on the survey, enables companies to grow in relevance, as they improve their ability to apply and manage IT more effectively, and also to maximize its main purpose to the organization.
To find the full version of the IT GRC Managing Risk, Improving Visibility and Reducing Operating Costs survey, click here!
About:

Modulo is a market leader for IT GRC management. Modulo Risk ManagerTM provides organizations with the tools they need to automate the processes required for assessing security vulnerabilities and attaining regulatory compliance.

Aberdeen Group is the leading provider of fact-based research focused on the global technology-driven value chain. Since 1988, Aberdeen has been known as the “voice that matters” when it comes to understanding the measurable results being delivered by technology in business.