Why is GRC important?

As businesses become more complex, they require a method to effectively identify and manage key activities within the organization. Ability to integrate traditional distinct management activities into a cohesive discipline that improves the effectiveness of people, business processes, technology, facilities, and other critical business elements is also required.

GRC accomplishes this by removing traditional barriers between business units and requiring them to collaborate in order to achieve the company’s strategic goals. Today, GRC is a very important factor of a well-managed organization.