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Introduction

There are significant pressures for efficiencies in operational areas dealing with governance, risk, and compliance (GRC) issues, as well as an increased and wide strategic focus on risk and initiatives to integrate risk into business operations.

Highlights

  • In the past, the lack of corporate commitment to investment in extensive GRC capabilities has been a barrier to improving GRC-related performance, but this is changing markedly, partly due a generally more prevalent "compliance culture" in society.

Features and Benefits

  • Understand that vendor risk management is a risk-related practice that is growing across many enterprises, as supply chains become more diverse.
  • Understand that GRC solutions can provide efficiencies within risk definition, tracking, overall management, analysis via controls, and reporting.

Key questions answered

  • How can I understand what type of GRC solution might be appropriate for my organization?
  • How can I overcome barriers to gaining commitment to invest in a suitable GRC solution?
  • What are the key drivers for other organizations investing in GRC solutions?

Table of contents

Ovum view

  • Summary
  • GRC challenges are becoming more widespread
  • GRC should be seen as a strategic capability
  • Clarity of understanding is an essential prerequisite to investment

Appendix

  • Further reading
  • Author

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