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Governance, Risk & Compliance Management

Organizations require a Governance, Risk and Compliance (GRC) platform to help them manage business risk and to meet compliance obligations, as well as integrate risk management processes within their existing operations.

Download GRC Buyer's Guide

Managing Enterprise Governance, Risk and Compliance

Simply defined, GRC is a coordinated and integrated strategy for corporate governance, enterprise-wide risk management, and compliance with regulatory and industry requirements. Organizations do this to improve quality processes, assess and manage risk and control activities, and comply with environmental, safety and other industry-specific regulations.

However, these efforts have often suffered from organizational silos, a focus on proximal needs, and a reliance on point solutions. Utilizing GRC as a strategy can enable businesses to make informed decisions that fundamentally change the way they manage risk and compliance.

What You Need

An Understanding of Your Business

Know how your business operates and what obligations it is beholden to (regulatory, industry, contractual, duty of care, etc.).

Resilient Business Processes and Operations

Understand the likelihood of potential disruptions and design strategies to minimize impact if/when they happen.

A Robust, Yet Flexible Compliance Program

Design a compliance program that can not only accommodate multiple types of obligations, but and easily incorporate new requirements and adapt to change.

Audit Preparation

Design efficient ways of collecting information to prepare for internal and external audits.

Information Security

Strengthen IT processes and defenses to protect your business and data from bad actors, both internally and externally.

Third-Party Risk Management

Develop a comprehensive view of your third-party ecosystem, including the risks they bring to your business and efficient ways to manage them while driving performance.

Steps You Can Take to Build an Effective Enterprise GRC Program

Step 1

Catalog business processes, known risks, existing controls, compliance obligations, business objectives and goals.

Step 2

Assess all departments, business units, operations and compliance obligations for risk to understand where you are and where you need to be.

Step 3

Work across departments and business units to design and implement strategies and programs to close the gap.

Step 4

Establish risk thresholds, tolerances, and baseline metrics to assess against and monitor everything for change.