Jan 2010 - Business is complex and dynamic, and requires agility to stay competitive. Market leadership requires the organization is quick to respond to changing conditions - to pause means loss. Governance, risk, and compliance (GRC) processes often work against business agility. Requirements and initiatives managed across numerous silos, using manual or varying technology approaches, burden the business. The lackof a common process and technology architecture comes at a significant management cost.
The scattered and unintegrated risk and compliance approaches of the past introduce greater risk and regulatory threats. A sustainable enterprise view of risk and compliance means accountability is effectively managed, and the business has a complete system of record - providing visibility across multiple risk and compliance issues.
