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GRC Suite from HealthDox

Governance, risk, and compliance are three related facets that aim to assure an organization reliably achieves objectives, addresses uncertainty and acts with integrity. GRC is a discipline that aims to synchronize information and activity across governance, and compliance in order to operate more efficiently, enable effective information sharing. Governance is the combination of policies and processes established and executed by the leadership that are reflected in the organization’s structure and how it is managed and led toward achieving goals. Risk management is predicting and managing risks that could hinder the organization from reliably achieving its objectives under uncertainty and comply corporate compliance with applicable laws and regulations.

Governance

The formal enterprise level framework whereby organizations ensure that their IT investments support business objectives, while taking their stakeholders, employees and vendors best interests into account.

Management

The forecasting and evaluation of risks together with the identification of procedures to avoid or minimize their impact or uncertainty in meeting business objectives.

Compliance

It’s a way to ensure that organizations practice and aware of and take steps to comply with relevant laws, policies and regulations and standards.

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