In our increasingly globalised business environment, economies and enterprises are steadily becoming interrelated. Yet many key functions and departments that deal with related information and business processes remain siloed. As competition escalates, as organisations become more dispersed, and as regulations increase in number and complexity, risk inevitably grows. So, too, does the demand - from markets, regulators and customers - for increased accountability.
The answer is to bring governance, risk management and compliance together in an integrated programme, where policies, data and controls are strategically managed and visible throughout the enterprise.
An enterprise governance, risk and compliance (eGRC) strategy, supported by a common technology platform, creates consistency and transparency, enables collaboration, fosters operational efficiencies, and ensures the continuity and success of the business.
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