Security News > 2021 > October > How do I select a GRC solution for my business?

To select a suitable GRC solution for your business, you need to think about a variety of factors.

When organizations try to select an enterprise or standalone GRC solution or a number of solutions to use in concert, a few key elements are worth deep discussion: how the solution(s) fits into overall IT strategy, what the desired use of the solution(s) is and how the solution(s) can help digitally transform the organization's cyber GRC efforts.

Second, discern the outcomes to be achieved by the GRC solution, and then determine how closely the market vendors stack-up.

Finally, a strong GRC solution should help digitally transform any organization's approach to cyber risk and compliance, including areas such as persona-based experiences, controlled transparency within the system and overall optical ease.

When you select a GRC solution for your business, it may feel like you're running in place with all the different options and solutions you have to vet.

In order to accomplish this, look for a solution that'll help standardize your risk and compliance processes, support interconnectivity among your entire GRC program - including auditing, third-party risk management, controls management and risk quantification.

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