Organizations today contend with point solutions for addressing specific regulatory needs in the markets that they operate. However, with new regulations and compliance standards being constantly evolved, organizations are constantly pressured to adopt new solutions that address these evolving standards.
While the cost of acquiring these compliance systems can become prohibitive, the organizations also run the risk of having these systems running as separate silos. These might lead to governance and compliance initiatives that are not aligned with the business objectives.
Governance, Risk, and Compliance or GRC is the umbrella term covering an organization’s approach across these three areas. Being closely related concerns, governance, risk and compliance activities are increasingly being integrated and aligned to some extent in order to avoid conflicts, wasteful overlaps and gaps. While interpreted differently in various organizations, GRC typically encompasses activities such as corporate governance, enterprise risk management (ERM) and corporate compliance with applicable laws and regulations.
ARICS’ Governance, Risk and Compliance (GRC) services help you effectively manage enterprise risk ensuring compliance, information protection, business resilience and assurance. We help you to implement and automate entire GRC framework while taking complete responsibility of implementation and support.