Governance, Risk and Compliance - "GRC" is an increasingly recognized term that reflects a new way organizations focus on and manage an integrated approach to these three areas. It refers to the measures, mechanisms and processes in operation within an organization with the objective of managing Governance, Risk Management and Compliance.
GRC main objective is to ensure consistency, efficiency and transparency to multiple Governance, Risks and Compliance processes throughout an organization, with the collaboration from those responsible for Corporate Governance, Compliance, Risk Management, IT, Auditing, Businesses, etc.
Such collaboration can only be achieved when common technology framework and infrastructure is in place to help unify silos, standardize processes, improve communication among areas and reduce operating costs.
GRC is beginning to gain a foothold in organizations globally, and, as it gains momentum, technology is assuming a key role in delivering sustainability, consistency, efficiency and transparency across the risk management and compliance process, putting software programs like Modulo Risk Manager at the forefront of GRC solutions.
Microsoft
"Modulo Risk Manager was used as a solution to speed up our risk assessments."