Governance, Risk and Compliance
Growing regulatory environment, higher business complexity and increased focus on accountability have led enterprises to pursue a broad range of governance, risk and compliance initiatives across the organization. However, these initiatives are uncoordinated in an era when risks are interdependent, and the controls are shared. As a result, these initiatives get planned and managed in silos, which potentially increases the overall business risk for the organization. In addition, parallel compliance and risk initiatives lead to duplication of efforts and cause costs to spiral out of control. Governance, Risk, and Compliance process through control, definition, enforcement, and monitoring has the ability to coordinate and integrate these initiatives.
Governance, Risk & Compliance is the critical area within an organization that uses IT services. Need to unload the burden to address key requirements of regulatory and standard compliance requirement, we are here to provide the best solutions and frameworks.
We detect and deter red flags and make sure controls (industry-specific and general ITGC Controls) designed and developed by our team cover these areas to keep your organization compliant and protected.
We will provide guidelines and criteria for selecting the right controls and strategies.
TCG focuses to help improve the sustainability, effectiveness, efficiency, and transparency for GRC processes, align the processes with the organization’s strategic goals and objectives and drive both competitive advantage and shareholder value.
Governance, Risk and Compliance Services
Increased demands and complexity of the regulatory environment require the organization to optimize risk management and compliance processes and control the costs of compliance to maximize efficiencies.
Businesses need to identify the right governance, risk, and compliance (GRC) technology tool(s) to support a framework providing process efficiency, improved data management, and reporting.
More than most business agendas, GRC truly spans all three dimensions of business — Process, Culture, and Technology. These three dimensions often evolve separately from each other. This creates complexity; addressing one aspect at a time creates the illusion of moving forward in tackling GRC requirements. However, the separate requirements often evolve faster than the business can address them.
Often the business will find itself exposed, vulnerable and continually facing the loss of every type — monetary, credibility and information. Businesses that must admit to the loss of personally identifiable information (PII) data lose customer confidence and trust; a tarnished reputation costs more than money.
The success of your GRC program requires proper steps and procedures for:
- Selection of right technology
- Implementation of selected tools
- Maintain a sustainable operating model
TCG’s GRC Enablement Solutions help you perform an initial assessment of the tools and technology needed, and then assists with implementing those to facilitate effective GRC activities. We help you promote the consolidation, coordination, and reporting of the GRC activities throughout your organization.