When people think of GRC they immediately picture a huge technology implementation that costs millions of dollars.
Instead of working with GRC vendors that only focus on
selling large-scale solutions the best place to look for useful GRC tools is
vendors of modular GRC systems. Modular systems are those which allow you to
pick which parts of the solution you need instead of forcing you to acquire the
whole suite at once. This will allow you to pick only the GRC tools which you
need right now. Another advantage of modular systems is that they can be
expanded in the future. So if you end up needing more GRC tools you can simply
integrate them with the existing tools in your organization.
The simplest GRC software applications like document
management systems are a great place to begin with GRC. Document
management systems allow businesses to safely store, create, edit, and share
important documents. It is a great way to ensure that all the important and
confidential documents within the organization are properly managed. These
systems also track all changes that are made which allows for easy auditing of
any problem that occurs in the documents.
GRC may seem like an intimidating trend but it is simply the
new best practice for businesses. There is no need to dive into a full GRC
implementation right at the beginning. The smart way is to start with a few
tools and see what works for your organization and what doesn’t.
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