Beware of Compliance Vendors Renaming Their Products as GRC
John Kelly 270004J7VQ email@example.com | | 0 Comments | 167 Visits
A recent article by Steven Minsky of ebiz highlights a very relevant point that many GRC industry participants struggle with: “What are the differences between ERM and GRC systems"? I strongly agree with Steven’s assertions that true Enterprise Risk Management is needed to “reach front line management and monitor risk management effectiveness”, yet at OpenPages we view ERM as a solution that facilitates effective governance, risk and compliance management. Most companies are looking to evolve and establish a governance, risk and compliance strategy and they are using ERM solutions to deliver an enterprise wide view of risk exposure, controls and performance. Therefore, we view ERM as a facilitator for your GRC initiative, not as a separate solution.
Do you agree?