Governance, Risk and Compliance or GRC typically encompasses activities such as corporate governance, enterprise risk management (ERM) and corporate compliance with applicable laws and regulations.
Governance activities ensure that critical management information reaching the executive team is accurate and timely to enable apt business decision making. This leads to the provision of control mechanisms to ensure that instructions, directions and strategies from the management are carried out systematically and effectively.
Risk management is the set of processes through which management responds to risks that might negatively affect realization of the organization’s business objectives. The retort to risks typically depends on their perceived gravity, and involves controlling them internally or transferring them to a third party.
Compliance means conforming to stated requirements. This is attained through management processes which identify the regulations, contracts, strategies and policies, and assess the state of compliance, evaluate the risks and potential costs of non-compliance.
At Cyret, we believe in maximizing an organization’s existing tools and investments to ensure efficiency and productivity.
Our Governance, Risk and Compliance Solutions include:
Enterprise Risk Management
Our Enterprise Risk Management solution can help you assess the current state of your company’s enterprise risk management, develop an integrated framework and operating model, and build the roadmap and business case for ERM transformation.
Governance, Risk and Compliance Technology Advisory
Our Governance, Risk and Compliance Technology Advisory monitors, tests and enforces control, translates compliance policies into business-level control, collects and analyzes data, presents meaningful risk and compliance information and provides decision-makers with the enterprise wide insight for efficient business performance.
Information Risk Management
Our in-depth Information Risk Management solution helps companies through the design, implementation and operation of information risk management programs.
We help organizations understand the impact of regulatory requirements and accordingly design appropriate compliance processes, systems and controls.
Business Continuity Management
We help companies create recovery and continuity plans in the full lifecycle of Business Continuity Management.
- Advanced reporting and scenario-analysis capabilities
- Gain real-time snapshots of your company’s risk and compliance status
- Adapt faster to new regulations
- Comply with International trade regulations
- Identify and manage risks
- Gain accurate and financial statements
- Effectively manage compliance initiatives with sound GRC practice
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