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Governance, Risk, and Compliance: the GRC Trends of 2021

The year 2020 has presented companies with a variety of challenges. The Corona pandemic in particular showed what an important factor GRC is in dealing with critical situations.

Business interruptions, health risks and monetary losses forced organizations to be agile in handling the difficult situation due to the Corona pandemic. 2020 taught us that reliable goal achievement, effective crisis management, and acting with integrity in times of great uncertainty depend significantly on the functioning triad of governance, risk, and compliance. This fact shapes the way GRC is lived in 2021.

Strategic GRC Trends

According to GRC 20/20, integrity, resilience and organizational as well as technical integration of GRC areas will be the strategic focus of many companies this year. Achieving these goals can be supported by agile GRC solutions that cover the full spectrum of governance, risk, and compliance requirements. They enable sustainable management of uncertainty by creating contextual awareness about objectives, risks and controls through robust analytics and methodologies.

Tactical GRC Trends

The achievement of the aforementioned strategic goals is supported and enabled by tactical measures. For example, increasing the risk management maturity level along industry-specific standards can improve the resilience of companies and their ability to transform. In conjunction with lived compliance conformity, tangible and intangible added values are created which allow decisions to be made with integrity. Information security and business continuity are and will remain essential topics in 2021. With the technological upheaval that companies have experienced due to the need for physical distancing, it is more important than ever that information assets are protected and digital resources are reliably available.

Support the increase of the maturity level of your risk management and GRC processes by using modern, future-proof and easy-to-use software solutions. GBTEC offers you ready-to-use solutions that comply with common standards, for example in the area of enterprise risk, and can be used immediately as well as highly individual solutions that can be adapted exactly to your existing processes.

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