GRC, Governance, Risk, and Compliance refers to a strategy employed by large organisations to help manage the business’s overall governance, enterprise risk management and corporate compliance to regulations. It brings in a much-needed structure to align the different functions of the business with the company objectives while effectively managing risk and meeting compliance requirements.
When asked how the CXO’s view GRC in their organisation, 71.43% people admitted that it is an important aspect for running an ethical organisation, 21.43% view it is as a source of business value while a few also think of it as a tactical remediation measure. An effective GRC strategy is one that enables the right efficiencies, effective information sharing, and reporting mechanisms. But first, here’s a quick look at Governance, Risk Management, and Compliance individually.
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Invoice discounting helps fill the gap in working capital cycles. Through KredX, we have achieved customer satisfaction due to on-time delivery
KredX has helped us unlock the potential of our business receivables shortening our cash-to-cash cycle, thereby giving us business owners flexibility to work more efficiently.
KredX helped me smoothen out my business’s regular operations. With KredX’s bill discounting platform, we now get funds immediately thus reducing the working capital interest as opposed to bank loan.