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Benefits of Integrating GRC: Transparency, Accountability, & Integrity
 | Read this whitepaper to learn about the key factors that will determine your success at integrating GRC including: - A framework for integration
- Ethics and culture
- Alignment of governance, risk and compliance processes
- Assessment of risks and compliance obligations
- Issues/incident tracking and risk mitigation
- Accountability and reporting
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Whitepaper synopsis:
The terminology of Governance, Risk and Compliance, or GRC, pertains to more than a hotline, more than a case management system, more than a simplistic approach to looking at the functions of governing, risk management and compliance management. Enterprise risk has been around for many years and so has regulatory, legal and financial compliance. Only recently have organizations started to combine these words together in order to provide for better corporate governance. After all, it is the risk reports and compliance reports which are reviewed by the board of directors.
In order for transparency, accountability and integrity to occur, companies should look at adopting one or more of the following enablers:
- Adopt a culture of business integrity and ethical values
- Look at GRC as a single entity as opposed to separate activities
- Utilize linking and/or integrating technology to enable efficiencies and effectiveness
Historically, organizations have treated their risk and compliance initiatives as independent silos that span distributed business operations – be it in a single location, national or around the globe. With the increased focus on corporate governance and enterprise risk management, organizations should start to look towards enabling technologies to drive sustainability, efficiency and consistency in managing enterprise risk and compliance management in an effective manner.
This whitepaper discusses why GRC should be treated as a single entity as opposed to separate ones. It also highlights how technology can be leveraged to maintain, monitor and report in real time the state of compliance for an organization.
Download Benefits of Integrating GRC Whitepaper now
Learn more about our GRC Platform for risk and compliance management, and our award-winning library of compliance and ethics training to ensure staff and third parties build integrity into their everyday actions.
