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GRC is a discipline that aims to synchronize information and activity across governance, risk management and compliance in order to operate more efficiently, enable effective information sharing, more effectively report activities and avoid wasteful overlaps. Although 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.
We believe organizations need to create a risk-based security posture and nurture a risk based, right sized, well timed culture across the breath of the organization, instead of just in the risk or compliance department. Governance, risk, and compliance (GRC) program serves as the backbone of the information security portfolio that embraces sustainable strategy, agile technology tools, and the support of subject matter professionals well versed in GRC programs.
Our GRC services help clients break down their silos and barriers. We streamline information security processes, eliminate manual efforts by leveraging the capabilities of automation, and provide monitoring capabilities to achieve enterprise assurance. Clients gain technical support to manage the GRC process, saving management time, reducing the risk of errors, and strengthening governance practices.
Substantial duplication of tasks evolves when governance, risk management and compliance are managed independently. Overlapping and duplicated GRC activities negatively impact both operational costs and GRC matrices. For example, each internal service might be audited and assessed by multiple groups on an annual basis, creating enormous cost and disconnected results. A disconnected GRC approach will also prevent an organization from providing real-time GRC executive reports. Like a badly planned transport system, every individual route will operate, but the network will lack the qualities that allow them to work together effectively.
If not integrated, if tackled in a traditional “silo” approach, most organizations must sustain unmanageable numbers of GRC-related requirements due to changes in technology, increasing data storage, market globalization and increased regulation.
We also understand that effective GRC programs need to align with our clients’ culture and appetite to change. With this in mind, we offer an agile approach to GRC services by breaking down our services in the following competencies:
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