Today's businesses operate in complex, geographically distributed, and highly dynamic environments. The confluence of legal, regulatory, technological, and business developments increases the complexity and scope of an organization's existing Governance, Risk, and Compliance (GRC) program.

To facilitate a more proactive alignment between the operational requirements of the business and the rapidly changing governance and compliance framework, compliance and risk professionals must increasingly work with IT and business managers to develop and execute effective strategies.

Organizations are finding that GRC programs don't have to be a restraint on business, and can, in fact, be an enabler. Companies can leverage technology to:

Establish and maintain momentum for change to ensure long-term success

Demonstrate the value of a sound information governance program to support business imperatives

Embed risk and compliance awareness into business operations and ensure compliance

Leverage existing investments in dashboards and other monitoring technologies to efficiently transition to a stronger control environment

Avoid change overload through a phased, inclusive process

The following paper examines the dynamics converging to make IT more central to managing risk and compliance and explores strategies for building more complete and meaningful risk management programs that help their organizations adapt to these complexities while increasing their business flexibility and better controlling their corporate risk profile.

Downloads

Topics