Take control of the risks and development work of the entire organisation on a single platform, developed to support your business goals
Risks are a part of all business, but expert risk management work, supported by appropriate GRC software, makes risks visible and helps to prepare for threats and seize opportunities. The smart tools of Granite’s GRC platform support risk-conscious decision-making and management, whether you are a risk, governance or compliance (GRC) specialist or a novice.
What are GRC tools?
GRC is an abbreviation for Governance, Risk Management and Compliance. GRC tools are software solutions that implement and develop the organisation’s GRC goals, which are the strategy and practical business goals, manage risks and meet external requirements.
Governance, Risk Management and Compliance with Granite solutions
Conventional risk management as part of GRC work helps to list threats and challenges related to business objectives. The software and tools developed to meet the needs of modern decision-making and management bring the goals and wishes of development work to the level of practical work. Granite’s GRC tools highlight threats, risks and opportunities and help in their systematic management. Granite uses automation to anticipate and monitor risks and promote action. Granite features allow the creation and development of processes that support the achievement of goals and help to understand changes in your business environment in real time.
Decision-making is a day-to-day activity in organisations and companies, and every decision made has impacts on the achievement of business objectives. Good governance creates guidelines and processes that allow employees to make the right, goal-oriented decisions in their work. When the processes are managed on a common GRC platform, the information flows where it should, making it possible to obtain a comprehensive overview of the development of the situation.
Goal-oriented operations always involve risks, especially in business. The nature of the risks depends on the operations and industry, and the risks of each organisation are unique on the one hand and common on the other: changes and crises in the operating environment threaten operations, legislation forces processes to change, or economic development results in complications in the capital markets. Despite the risks, it is critical that they are identified, evaluated and monitored as efficiently and comprehensively as possible. An evolving and responsive risk management culture allows effective decision-making and response to threats and changes. Granite’s GRC tools bring processes and protocols under control.
The rules, laws, regulations and general best practices have an impact on the conduct of business in any sector. It is necessary to respect industry standards or face the consequences, such as fines, breaches of contract, downtime and loss of income. Compliance is a process that guides the implementation of external rules and regulations within an organisation. An effective governance, risk and compliance software solution helps in compliance, from the identification of rules to the monitoring of the effectiveness of the programme and the management of change.