Sure, a company can put together an elegant suite of best-in-class solutions for governance, risk, and compliance, but before investing in dedicated solutions, don’t overlook what you might have in place already—an enterprise resource planning suite that may be well suited to cover your GRC needs.
Any entity large or regulated enough to look into GRC suites likely has SAP, Oracle, or some other ERP suite in place already. Those systems have come a long way on GRC. The ERP vendors make bold claims about rich GRC functionality; Oracle offers its Oracle Enterprise Governance, Risk, and Compliance Manager, and SAP its SAP BusinessObjects GRC solutions.
