“A student who is concerned for their personal safety cannot learn.”
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In modern IT environments, compliance and security are highly reliant upon one another, and they share a common goal: responsibility for keeping an organization’s data, users, resources, and intellectual property safe and usable. Some enterprises compartmentalize governance, risk, and compliance (GRC) as a separate function that sits apart from workflows and business processes. This thinking prevents the true integration of GRC principles into all aspects of how IT environments operate, which reduces visibility into a company's security and compliance posture. Innovative enterprises understand that effective compliance and security are tightly coupled, and why it’s critical to use a solution that enables rapid, agile workflow, but does so with GRC embedded into it.
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The goal of GRC software solutions is to reduce cost and risk. Compliance burden is specific to particular industries but one of the most common business process governance challenges come from the issues with SOX (The Sarbanes-Oxley Act of 2002), which requires certain business records be accessible to auditors for a given period of time. With heavy consequences ranging from fines to imprisonment, companies are looking for safe, easy governance, risk and compliance solutions in the form of GRC software to meet the need without breaking the bank.