Governance, Risk and Compliance: 4 Key Drivers

Making the business case for an integrated and truly pervasive governance, risk and compliance (GRC) solution can be daunting. GRC is evolving, and putting accurate numbers around a moving target is no easy task. What's more, calculating the real financial and reputational cost of preventing an incident remains elusive. Consequently, making a compelling argument for GRC often requires either a crisis or a damaging incident. This article breaks down the four components that should be driving your organization's GRC cost-benefit analysis. While these benefits are qualitative, the adoption of a GRC program will help an organization quantify them.