Managing and modeling GRC in dynamic environments with MEGA HOPEX GRC Solutions
Change is the single greatest challenge for organizations in the context of governance, risk management, and compliance (GRC). Managing the dynamic and intricate web of change and how it impacts the organization is driving organizations toward improving their approach to GRC in the context of the organization’s operations.
The challenge is the compounding effect of change. Organizations have change bearing down on them from all directions that is constant, dynamic, and disruptive. Consider the scope of change organizations have to keep in sync: external risk environments, internal business environments and regulatory environments.
Managing change across risk, business, and regulatory environments is challenging. Each of these vortexes of change is hard to monitor and manage individually, let alone how they impact each other and the organization. Change in risks bear down on the organization, regulator oversight and requirements increase, and all of this has a direct impact on the organization’s internal processes, people, and technology. As internal processes, systems, and employees change this impacts compliance and risk posture. Change is an intricate machine of chaotic gears and movements that make the aspects of GRC challenging in organizations. Keeping current with change and keeping the organization aligned is the most significant challenge in a GRC strategy.
Download the solution perspective from GRC 20/20 to discover how HOPEX GRC solutions can help you to manage and model governance, risk and compliance in dynamics environments.