SAP GRC Online / In-Class Training SAP Governance, Risk Management and Compliance (GRC) software allows publicly-held companies to integrate and manage IT operations that are subject to regulation. Such software typically combines applications that manage the core functions of GRC into a single integrated package.
GRC software enables an organization to pursue a systematic, organized approach to managing GRC-related strategy and implementation. Instead of keeping data in separate “silos,” administrators can use a single framework to monitor and enforce rules and procedures. Successful installations enable organizations to manage risk, reduce costs incurred by multiple installations and minimize complexity for managers.
GRC software implementation typically involves complex installations that include coordination of data between multiple departments, including business, IT, security, compliance, and auditing. Once in place, however, dashboards and data analytics tools allow administrators to identify an organization’s risk exposure , measure progress towards quarterly goals or quickly pull together an information audit. Good governance, defined as effective, ethical management of a company at the executive level, is treated as an objectively measurable commodity. Data retention and risk management are converted to similarly measurable metrics.