Legal Operations with GRC

GRC Platform usage can be the generalized set of tools for managing a corporation’s complex set of processes, rules, tools and systems used by corporate legal departments to adopt, implement and monitor an integrated approach to business problems and legal operations such as below: 

  • Legal Risk Management
  • Authority Requests
  • Regulatory Examinations
  • Case Management (Anti-Bribery, CoC, Ethic Violations etc)
  • Regulatory Intelligence
  • Regulatory Compliance
  • Anti-Bribery
  • Investigation Management

Related GRC Software Features

GRC Platforms have several functionalities to kick-start and manage different legal management processes. Some of relevant GRC software functionalities are listed below: 

  • Regulatory Intelligence Feeds
  • Request Management
  • Criteria driven forms
  • Pre-loaded policy and control libraries
  • Auto-launched risk assessment questionnaires
  • Approval workflows
  • Criteria triggered email notifications
  • Exception Request Management

Process Level Benefits

Implementing legal processes with a GRC software provides rapid benefits on the quality, speed and integration to business processes on handling legal cases. Here are some process level benefits listed below: 

  • Faster identification and response to legal cases
  • Centralized and quality data
  • Collaboration and accountability by workflows
  • Confidentiality by advanced access control
  • Efficiency and agility of regulatory change management

Integrated GRC Benefits

Implementing legal management processes with a GRC software has extreme benefits on other relevant processes such as Risk, Compliance, Audit, Security, Privacy and Business Continuity Management. Some of these benefits are listed below: 

  • Alignment with organization incident management processes
  • Improved integration with vendor related cases
  • Synergies with security and privacy related processes
  • Improved mapping to objectives, hierarchy and assets
  • Improved linkages of investigations and exceptions to other processes

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