Organizations have always managed governance, risk, and compliance, then what has changed now?
There have been many technologies designed for better governance, but ERP was one of the first that was successful and went mainstream.
GRC isn’t becoming popular because it is a fad or a trend – GRC’s popularity is because of the ROI it delivers.
Managing risk, compliance, and governance with GRC technology removes redundant processes and tasks which results in reduced costs.
Monitoring is also automated – issues get detected and notifications are sent out automatically.
GRC technology has become a common sight in the past few years because GRC costs have decreased dramatically.
There are many aspects to consider when choosing between custom ERP development or buying off the shelf solution. Custom-built ERP is often more expensive, and it's worth considering the pros and cons of both approaches.