Federated GRC: Enhancing risk and compliance in a decentralized world
This whitepaper explains the concept of federated GRC software, presenting it as a holistic approach designed to optimize risk management and compliance across diverse organizational units and structures. Federated GRC software facilitates the autonomous management of activities by enabling contained autonomy for organizational segments (business units or entities) to tailor their processes to specific needs while ensuring adherence to overarching goals and standards, ensuring a cohesive and unified framework across the organization.
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What you’ll learn in this guide
A practical overview of federated GRC, exploring where it’s most applicable, the challenges organizations face with traditional GRC tools, and the capabilities required to effectively manage governance, risk, and compliance across distributed business structures.
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The definition of federated GRC and the industries and use cases its most applicable to
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Challenges with traditional GRC software in federated environments
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Managing a federated business with traditional GRC software
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Key capabilities of federated GRC software