What Is a GRC Platform? Complete Guide to Governance, Risk & Compliance
In today’s complex business environment, organizations are under increasing pressure to meet legal obligations, manage risks effectively, and operate with transparency and accountability. Governance, Risk, and Compliance (GRC) is an integrated framework that helps businesses address these challenges in a unified and strategic manner. Rather than treating governance, risk management, and compliance as isolated initiatives, GRC combines them into a single approach to streamline operations, enhance decision-making, and promote a culture of integrity. What is GRC? Governance, Risk, and Compliance (GRC) refers to an organization’s coordinated strategy for managing corporate governance, enterprise risk management, and regulatory compliance. While each of these components serves a distinct purpose, they are deeply interconnected: Governance involves the frameworks, policies, and processes used by an organization to guide decision-making, ensure accountability, and align business operat...