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Global Governance, Risk, and Compliance (GRC) Platform Market 2014-2018

Oct 15, 2014 1:00:42 AM / by Shanmugavel Sankaran posted in fixnix, Governance, grc, IBM, Jade Software, MEGA International, MetricStream, Risk Management, SAI Global, SAP, SAS Institute, software, Sword Group, Thomson Reuters, Wolters Kluwer Financial Services, asset management, audit management, BCM, Blog, CMO Global, compliance, Cura Technologies, EMC, Enablon, NASDAQ OMX Group, oracle, Provititi, Resolver, risk

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Governance, risk, and compliance (GRC) is an umbrella term used to cover the approach of an organization toward these three areas. Governance can be defined as the boundaries within which the business should operate. It focuses on providing definitions for the organization's code of conduct to ensure compliance. Risk management consists of developing strategies for tackling the risks to which organizations are exposed. Its framework involves identification, assessment, evaluation, and potential solutions for risks. Compliance focuses on adhering to external requirements such as wider corporate policies, laws, and regulations. The GRC solution enables organizations to reinvent themselves, develop a more economical cost structure, and increase overall efficiency.

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