There are a large number of types of GRC software, with most of them focusing on one area of GRC. For a CIO, one of the biggest concerns over the past few years has been the growing number of compliance mandates. GRC tools that focus on the compliance part of GRC have turned out to be useful for many CISOs. CISOs have been able to take advantage of the structured enterprise -wide approach to regulatory compliance that’s made possible by […]
Tag: GRC
GRC in Simple Terms
If you’re in the IT or financial business, chances are that you hear the acronym GRC being bandied about all the time. GRC (Governance, Risk and Compliance) is still a somewhat amorphous concept and there’s no unanimity among folks as to what exactly GRC is.
GRC for financial compliance
We are always talking about software asset management (SAM) as a means to cut costs and also keep up with compliance. For financial firms, SAM, combined with a Governance, Risk and Compliance (GRC) program are a necessity to keep those regulators happy. Many firms choose to use GRC software to automate the process should they get audited (which the frequently do) to have information at the ready. Here are some tips for those that are in need of a GRC […]
Governance, risk and compliance….oh my!
Private and public sector executives alike are under pressure today to increase their understanding of governance, risk and compliance (GRC) issues -and their ability to respond to them. They are expected to deliver against a range of key performance indicators, including profitability, customer satisfaction, revenue growth, etc. And then there’s increasing demands from regulatory bodies, including Sarbanes-Oxley (SOX), Gramm Leach Bliley (GLBA), the 21 CFR Part 11 regulations concerning IT controls, and others – now and soon to follow. They […]
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