Consequently, businesses develop and implement a GRC framework for leadership, organizational structure, and IT operations to ensure support and enablement of strategic objectives. Subsequently, business policies, processes, and controls are integrated across IT, Finance, Marketing, Sales, and HR teams including C-suite executives.
Daten’s AI-powered, cloud-based GRC solution offers a centralized tool for managing, monitoring, and reporting on risk and regulatory compliance, enabling organizations to adapt to the evolving business landscape quickly.
Technology is predicted to transform from a reactive tool to a strategic enabler. Consequently, organizations will meticulously evaluate their change management processes to integrate technology with GRC strategies.
Since risks impact multiple business units across the organization, the need to deploy a unified, efficient, and data-driven GRC platform will significantly increase. Subsequently, AI-enabled GRC solutions will enable companies to conduct comprehensive risk management and make better decisions.
Enterprises often struggle with risk identification and prioritization according to severity without disrupting business operations. Thus, they require a unified Risk Management platform to identify, assess, and monitor risks and plan a response, enabling organizations to mitigate risks by breaking down silos and promoting collaboration among different business units.
Daten’s GRC solutions with customized workflows enable enterprises to gain real-time insights into risk management and promptly resolve it without hindering business continuity.
Enterprises incur a revenue loss of $4 million due to non-compliance. Thus, they seek a robust compliance framework to eliminate decentralized internal policies, siloed standard operating procedures, and manual lifecycle & compliance processes.
Daten’s GRC solution consolidates compliance and policies into a single dashboard that aligns with SOX and PCI regulations. IT governance leaders gain real-time insights into operations to manage and mitigate risks proactively for enhanced efficiency.
Over the past two decades, data breaches in enterprises have led to significant financial and data losses, culminating in $36 billion in penalties for non-compliance. Consequently, audits have become essential for upholding GRC. The internal audit team must regularly and meticulously plan, assess, record, document, report, and track incidents to enable the leadership team to make informed decisions on mitigating risks associated with data loss.
Daten’s Audit Management solution automates audit workflows, promotes collaboration among audit teams, and tracks findings to resolution with real-time dashboards, enabling organizations to address issues quickly and thus continuously enhance their audit processes.
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