An organization can use a governance, risk, and compliance (GRC) framework to manage risks, adhere to legal obligations, and align information technology with business goals.
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A management strategy for governance, risk, and compliance with industry and governmental requirements is known as GRC (for governance, risk, and compliance). GRC can also refer to a coordinated set of software tools for setting up and running a corporate GRC program.
The policies and procedures of GRC offer a disciplined method for coordinating IT with corporate goals. GRC enables businesses to control expenses, manage security and IT risks, and adhere to regulatory obligations. A comprehensive understanding of how successfully a company works and its risks also aids in improving decision-making and performance.