So why don’t most Enterprise Risk Management system work? Simply, they don’t “manage” risk, they just record it. Manage is a verb not a noun. It is activity not an item. Making a list might be adequate for those who want to check off regulatory compliance, but it’s does not produce a ROI.
Enterprise Compliance Today
Unfortunately, there seems to be a lack of understanding of what GRC really is. Contrary to popular belief GRC is NOT ERM, but 3 separate disciplines Governance, Risk and Compliance. Here I look at the neglected Governance component.
When starting out on the Compliance Management journey, understanding the alphabet soup of acronyms can be confusing. Here we try to explain the terms, what needs to be done, and need for compliance management software in the process.
The benefits of SharePoint as a content management system and information portal tool are indisputable. With great search functionality and user definable portal pages SharePoint is now the leading Content Management solution chosen by most IT departments.
But what if your business demands strict document controls protocols, not just because it’s good practice but life depends on it? Unfortunately there is generally a poor appreciation by IT departments of the importance of document control in mission critical business.