Governance Risk Management & Compliance

As an Australian business owner or manager, you’re probably all too familiar with the challenges of keeping up with ever-changing regulations, managing risks, and ensuring your company stays on the right side of compliance. But what if there was a tool that could help you manage all these tasks with less effort and more confidence? […]

Imagine you’re about to embark on a new project or venture. You’re excited, but there’s that nagging feeling in your mind – what could go wrong? Understanding how to assess and manage risks is crucial. That’s where the 5×5 risk assessment matrix comes in. This guide will explain everything you need to know about the […]

Governance, Risk, and Compliance (GRC) management is not simple. There can be numerous challenges in devising and implementing the best GRC strategy for the organisation. Tasks such as GRC incident reporting and management prove arduous and time-consuming. One of the main challenges is because organisations may still be utilising manual systems for incident reporting rather than […]

Compliance is effective when it is strategically aligned with changing laws and regulations. Obsolete controls increase governance and non-compliance risks. Resetting your governance, risk management, and compliance management based on business scenarios makes it easier to anticipate adversities, prevent them, recover from them, and proceed with confidence. Industries are constantly seeing regulatory overhauls, which can […]

An organisation cannot expect an effective GRC strategy implementation if its policies fail to guide its operations and employees effectively. GRC policies must integrate operational standards with the organisation’s goals and compliance requirements.   Unfortunately, creating effective GRC policies is not easy. Constantly changing regulatory guidelines also add to policymakers’ challenges.   So, how can you ensure […]

Have you designed a governance, risk, and compliance strategy and implemented it in your organisation? What next? How will you gauge the success or failure of this GRC strategy? Many organisations stumble at this point and fail to measure the effectiveness of implementing changes in the already existing or newly deployed GRC strategy. This can […]

GRC refers to the strategy organisations use to manage the overall governance of the organisation, risks, and compliance with regulatory standards. It provides organisations with a structured method of managing, mitigating, and preventing risks and meeting compliance requirements in a holistic way. The 3 main factors of GRC include:  Governance: Providing necessary administrative support measures for […]

Did you know that organisations around the globe face substantial penalties for not providing their workforce with required Governance, Risk and Compliance (GRC) training? It is a regulatory requirement and an integral part of deploying a GRC strategy in any organisation.   Compliance training may not be one of the most interesting experiences to go through […]

Creating, implementing, and managing a robust GRC program, along with performing all business operations, can be challenging for many organisations. Effective GRC planning can help reduce the burden from all business operations and devise simplified ways to perform these operations and activities, along with maintaining compliance and reducing business risks. If you are struggling to […]

More organisations are now realising and implementing the latest technologies and automation tools to reduce the costs of business processes. The process of governance, risk, and compliance management is not exempt from this requirement either. Digital systems are replacing manual labour across industries. According to the Deloitte Global Risk Management Survey (12th edition), 46% of […]