Integration of multiple governance, risk and compliance (GRC) disciplines on a single platform is increasing, yet barriers to successful integration of the technology across numerous groups remain. Many organizations continue to use multiple GRC technologies to fulfill different departmental needs, and different platforms are used for IT GRC and enterprise GRC (eGRC).
Within the eGRC space, integration is most often encountered among internal audit, financial controls and enterprise risk assurance. GRC technology will not solve all integration barriers by itself. Certain components must already be in place – policies, processes and infrastructure, which GRC technology can help bring together to unify and meet enterprise objectives. In this article, we will provide background and an overview of GRC technology.