Change can be complicated, especially in the realm of governance, risk, and compliance (GRC). As your business evolves, you gather more data, add new complex systems, and face more advanced threats. On top of these changes, there are additions to regulations and laws, new industry standards, and a shared responsibility for risk management across the organization.
To cope with these evolving challenges, we see many organizations at various stages on the GRC maturity lifecycle. Some lack a unified approach, while others are utilizing several siloed point solutions. Others still have instituted a GRC management tool, but failed to build a flexible and adaptable framework or design for its success. The result makes everything from risk analysis to policy roll-out to simple reporting an enormous challenge. Even worse, these approaches are often inefficient, place a major burden on business, and can ultimately lead to a costly breach, business disruption, or even compliance penalties.
In an effort to address these issues, organizations are seeking solutions that allow them to streamline their GRC processes, easily pull reports, and manage data efficiently while simultaneously reducing the risk exposure of the organization.
Focal Point can help you improve your GRC maturity through a consultative GRC program evaluation and the rollout of an enterprise GRC (eGRC) platform. Focal Point helps you evaluate your existing governance structure, select the ideal eGRC tool for your organization, configure the platform, and integrate your business processes. Our goal is to help you implement or optimize a solution that allows you to manage risk and controls, reduce the compliance burden on your internal audit team, and reap the full ROI from your eGRC program investment.
When developing an eGRC program, establishing a strong governance structure at the start leads to a smoother eGRC implementation and ultimately a clearly defined GRC program across your organization. Not all GRC solutions are alike and reducing missteps and pitfalls from misalignment of business processes to misconfigured solutions will save your organization time, money, and headache.
Our team has substantial expertise with a variety of GRC solutions, and have years of experience working directly with leading eGRC platform vendors, so we can help you choose the best tool for your unique needs. These tools include:
Focal Point has a dedicated team of experts who can help you enhance your GRC program and confidently implement a cutting-edge eGRC solution.