GRC stands for governance, risk management, and compliance, but as a concept it means much more than those three separate terms put in together. Wikipedia provides a good definition for the concept; Governance, risk management, and compliance is aiming to assure an organization reliably achieve objectives, address uncertainty and act with integrity. It refers to a collection of critical and synergistic capabilities that should work together to achieve aligned business objectives.
GRC is not something new. Every company does GRC, but in a different level of maturity. Spreadsheets, Word documents and emails are also a form of doing GRC in the organizations.
A well-planned GRC strategy supported with a GRC platform enables several benefits: Improved Decision Making, Higher Quality Information, increased accountability, Increased Collaboration, Enhanced Organizational Culture, Increased Efficiency, Increased Agility, Increased Visibility, Protected Reputation, Better Resource Allocation, Reduced Costs with Optimal Investment Decisions, Reduced Fragmentation within Organization and Preserved Institutional Memory.
Cyber Security is one of the main domains of GRC and CISOs are often the biggest champions of GRC Implementations worldwide.
GRC utilizes approaching security activities in a mature way and enhances the likelihood of achieving security objectives by aligning processes that support each other in the greater context of the security organization. GRC also enables a company to foster a security organization that is well-coordinated and integrated.
With a well-planned and executed GRC Strategy below security domains can be managed in a single platform with increased automation, integration, unification and simplification.
GRC Platforms utilize best practice security processes to improve your security process maturity in a short time. They may have several features, functions and pre-built data to utilize such as;
Governify is a Finnish company located in Espoo and an authorized partner of RSA dedicated to GRC processes and RSA Archer GRC Platform including the cyber security domain implementations. We are serving several Archer customers from wide-range of industries with certified consultants. We will guide you on every step of your GRC Journey to mature, automate and integrate your cyber security processes as we do in several customers from different industries in EMEA region.
Governify upgrades organizations through our services that are designed to covers all GRC and Archer needs;
Exploit the proven benefits of security management with GRC (Governance, Risk & Compliance) approach together with Governify.
– Unal Perendi, Managing Director, Governify Ltd.