E-governance, risk and compliance (eGRC) strategy is of immense importance to organisations in both the private and public sectors. It has consistently registered as one of the major drivers for information security investment for many years. As leading organisations adopt more mature eGRC processes, and integrate their eGRC systems more closely with their business systems, it is now an appropriate time to review how far enterprises have come, and determine their future priorities.
Leading organisations are moving eGRC strategy to the board and coordinating policy around risk management. eGRC is broader than security management. eGRC activities span the finance, operations, IT, and legal functions. Integrating activities across these functions can streamline processes and avoid duplication of effort. Integrated processes, well supported by appropriate technology, pay dividends with more efficient operations, more accurate and consistent reports, and enhanced reputation.
eGRC empowers trust and drives many corporate initiatives in areas such as sustainability and social responsibility. It relies on accurate and verifiable data relating to these business processes, and it is therefore advantageous to integrate its implementation with business processes, both to enhance accuracy and to gain operational efficiencies.
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