A well-designed, integrated GRC framework does not replace the need for robust enterprise risk management
Viewing GRC practices holistically can help streamline your compliance and risk management processes. Done right, an integrated GRC program incorporates a technology infrastructure, which also focuses attention on governance issues such as improved transparency and accountability.
An effective ERM program, on the other hand, identifies and quantifies all risks—not just compliance-related risks—and establishes formal, end-to-end risk management processes. Because ERM covers a wider spectrum of risk, a robust ERM program allows you not only to mitigate or avoid losses but also to facilitate critical decision-making by evaluating uncertain events that could positively affect your business. ERM will also help you identify emerging risks more quickly and improve the capabilities of the risk management system to handle them.
Our GRC and ERM teams assist you in adopting an enterprise-wide approach to analyzing and prioritizing risks and aligning them with your strategic goals.
