Regardless of industry, effective compliance means coordinating across multiple departments and myriad regulations. Typically, this is accomplished through an endless chain of emails and spreadsheets — an inefficient and unsecure approach that is frustrating and cumbersome for everyone involved.
Spreadsheets may be the norm, but emailing spreadsheets creates gaps in data security, and it makes it too easy for tasks to fall through the cracks. The chain of information is inevitably jumbled, and auditors end-up wasting your valuable time and theirs tracking down information they should have had on hand.
Even when an organization moves beyond spreadsheets, most GRC systems are expensive and overly complicated. They also lack vital functionality. A truly comprehensive system must be able to adapt to changing workflows, collect and approve evidence with appropriate security clearances, and document non-compliance and track corrective measures. This is where other GRC systems fall short. As a result, compliance remains reactive — frantically prepping for or responding to audits — instead of being proactive and continuous.
