What is GRC? | HCL Technologies

TECHNOLOGY Q&A

Governance, Risk & Compliance

What is GRC?

Governance, risk and compliance (GRC) is a strategy to manage an organization's governance, enterprise risk management, and compliance with regulations. It is a structured approach that aligns IT with business objectives. It also manages risk and meets compliance requirements effectively.

GRC software is designed to bring in compliance into business processes such as user provisioning, emergency access management, role management, and periodic risk assessment. It streamlines day-to-day audit and compliance processes. It reduces the danger of malicious activities in Enterprise Resource Planning (ERP) systems.

A structured GRC strategy has a host of benefits. It improves decision-making, optimizes IT investments, eliminates silos, and reduces fragmentation across departments and divisions.