GRC is about optimizing risk control and solidifying governance principles in order to better manage business processes as a whole.

Although GRC initiatives are based on the availability of efficient software solutions, the focus of GRC in people’s mind is often concentrated too much on IT and not enough on business. The majority of challenges and solutions facing sound GRC principles are business based, not technology based. While a GRC implementation involves the selection and installation of an IT solution, an effective GRC implementation encompasses much more.

The goal of a GRC implementation should be to help businesses maintain data integrity, provide real-time visibility, reduce risk of fraud, prevent error, and process failure across all dimensions. This means that a well-focused GRC initiative should always start by examining risks within business processes—performing this due-diligence is key. Only once an overall view of the business has been created can GRC consultants best determine what technology solutions exist in order to identify and execute compliance goals.

The most successful GRC implementations result not only in reduced risk and controlled costs, but they also result in greater control and ownership by the business.