Market Insight: The Future Of GRC Technology
Christine O'Donnell
Daniel Garcia
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Executive Summary
Governance, risk and compliance (GRC) describes an approach that emerged in the early 2000s as a response to the increasing complexity of managing corporate governance, risk and regulatory compliance, especially following high-profile corporate scandals and the subsequent tightening of regulations. Initially, GRC solutions were disparate systems focused on specific areas such as compliance management and risk assessment. However, the need for a more integrated approach has driven innovation in the more effective leveraging of GRC software to support the unification of these functions. This report provides insights into the top GRC trends Verdantix has identified for 2024, to help executives in risk, financial, sustainability and compliance roles navigate GRC activities in an evolving and interconnected risk landscape.GRC solutions allow firms to safely take on more risks, unlocking greater opportunities
A number of factors are driving GRC product innovation
GRC software is a key technological umbrella unifying risk management
Evolving risks call for a new model of corporate governance of people and processes
About the Authors
Christine O'Donnell
Senior Analyst
Christine is a Senior Analyst at Verdantix, where she provides research-driven insights to help corporate leaders and technology vendors navigate the evolving third-party risk...
Daniel Garcia
Senior Manager
Daniel is a risk and compliance subject-matter expert (SME), with over 16 years of global experience, having worked for major financial institutions and consulting firms in La...
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