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What is GRC

What’s Your Governance, Risk Management, and Compliance Challenge?

“How can we improve & streamline our audit preparation?”

“We need to better understand our compliance gaps.”

“We need help keeping up with overlapping compliance requirements.”

What is a GRC Platform?

A GRC platform is a comprehensive software solution that helps businesses manage their governance, risk, and compliance needs. It can help simplify the process of managing all aspects of GRC, including identifying risks, developing policies, creating reports, and more—all in one central location.

When partnered with strategy, a GRC platform can save companies time and money while enabling them to focus on core operations.

What is GRC?
GRC Dashboard

Discover the Benefits of Using a GRC Platform

Governance, Risk Management, and Compliance (GRC) is crucial for a successful digital enterprise. Implementation delivers a variety of critical benefits—from improved security and compliance to reducing risk and realizing efficiencies.

GRC is essential for any business looking to reduce its risk profile. By having a platform in place, companies can easily assess risks, develop policies and procedures accordingly, and easily meet compliance requirements. GRC also provides improved visibility into your operations, so businesses are better equipped to identify potential risks or areas of improvement before they become an issue.

 

What are some critical drivers for implementing a GRC platform?

Preparing for an upcoming audit:

Implementing a GRC platform can help companies quickly and accurately assess their compliance with industry regulations and laws, which can be invaluable when undergoing an audit.

 

Reducing risk:

With a GRC platform, companies can identify potential risks before they become serious problems and take the necessary steps to reduce risk levels. Additionally, companies can track performance over time to ensure they remain compliant.

 

Need to automate compliance processes:

The automation that comes with GRC platforms can streamline compliance processes to reduce costs, produce efficiencies, and ensure accuracy.

 

Discover How GRC Can Solve Your Challenges

In a nutshell, a GRC platform allows companies to gain insight into their risk landscape, monitor compliance and governance activities, identify areas of improvement, and take corrective action quickly. By leveraging the power of a platform, companies can easily manage regulatory requirements, improve performance and efficiency, reduce costs associated with non-compliance issues, and much more. With the right GRC platform in place, companies can quickly develop tailored solutions.

  • Proactively manage risk and compliance obligations

  • Identify areas of improvement and make the necessary changes to reduce risk

  • Increase confidence in decision-making by leveraging data-driven insights

  • Improve overall performance efficiency, cost savings, and profitability

Solution Combined with Strategy

No matter your business type, a GRC platform can ensure your business remains compliant while minimizing risk. With the right tool in place, companies can make better decisions based on data-driven insights and gain efficiency in their operations. Investing in a platform is essential for any business that wants to remain competitive, reduce risk, and realize cost savings. With the right solution and strategy, companies can confidently manage their compliance obligations and stay ahead of the competition.

What is GRC?
What is GRC?

What types of businesses need GRC?

Any company looking to reduce its risk profile and ensure compliance with industry standards and regulations should adopt a GRC platform. While all businesses can benefit from the implementation, companies in especially vulnerable industries, such as financial services and life sciences, will discover value in leveraging this technology. Additionally, any business that needs to manage data security and privacy and adhere to best practices and industry standards will benefit from GRC.

Outsourced IT

Why You Need GRC Program?

A GRC program will enable your firm to break down the silos that make managing enterprise risk, compliance, third-party risk management, and responding to DDQ requests and audits difficult. As a result, instituting GRC activities enable a more cohesive and coordinated response to the often-overlapping risks that modern firms must address to be competitive and successful.

Compliance and Security

Cybersecurity and compliance are not equivalent. Confusion can arise since the implementation of the two can overlap in some areas. But having one without the other will leave your firm exposed. The best approach is to have a well-defined compliance manager and a robust, multi-layered cybersecurity solution.

Discover IT Solutions Tailored to Your Business Needs!

What’s Your Industry?

Read Our Free Guide to Understanding GRC

Learn how implementing governance, risk, and compliance platforms and frameworks can reduce risk and help fulfill organizational business goals.

Governance, Risk Management, & Compliance for Financial Services

CoreComply Delivers a Platform and Strategy in One Solution

  • Compliance Strategy & Industry Expertise

  • Integrated Virtual Chief Information Security Officer (vCISO)

  • Compliance Platform

  • Policy Creation & Implementation

  • Gap Analysis & Ongoing Remediation

  • Audit Support

  • Comprehensive Quarterly & Annual Reports

IT Compliance for Financial Services

Customizable & Consultative

Industry Expertise

Strategy Engagement

Full IT Life Cycle IT Partner

24/7/365 Support & Monitoring

Scalable Solutions

White Glove VIP Experience

Engineering Excellence

Streamlined Client Portal