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Impact Brief: Enabling Cost-Cutting Initiatives with Governance, Risk and Compliance Management Technology
As a result of the 2008 and 2009 financial crisis, companies are faced with an ongoing dilemma: reduce costs now while maintaining an appropriate risk management structure and preparing for the impending increase in regulatory demands. Organizations must look to improve operational efficiency in enterprise governance, risk and compliance (eGRC) initiatives to meet current fiscal concerns while providing a framework on which to build a rigorous eGRC program. eGRC management technology can drive cost savings, improve process efficiency and deliver the needed platform to meet regulatory and risk demands today and in the future.