Businesses today operate in an extremely dynamic environment with continuously changing organizational structures, processes, functions, and people. GRC processes and methodologies are also in a constant state of flux with new risks emerging, and compliance regulations growing and evolving at a rapid pace.
Many organizations currently operate on legacy systems and internally built GRC applications that are difficult to upgrade. As a result, adapting to risk and compliance changes becomes a complex, time-consuming, and costly process. To keep up with these changes, organizations need a GRC framework that is flexible, extensible, and configurable.