Governance risk and compliance, also known as GRC, is a vital term for organizations, ensuring they achieve objectives, address uncertainty, and act with integrity. Simply put, GRC is a strategy for tackling problems in governance, risk management, and compliance. That's where Governance Risk and Compliance solutions come in to help professionals with holistic solutions.
INTERCERT provides services for Governance Risk management and Compliance (GRC) management consisting of various frameworks / standards for aligning organizational information technology with business goals, managing risks and fulfilling applicable regulations and leading the organizations to achieve organizational goals reliably, remove uncertainty, and meet compliance requirements.
Understanding Governance, Risk, and Compliance Solutions
To understand how its solution works, first, we need to understand each part of the acronym.
Governance Solutions:
The process established and executed by businesses to accomplish their objectives and goals, known as Governance. These solutions help them to achieve effective decision-making within all levels of the organization, helping them to attain the goals and objectives. For this, the business needs to establish accurate guidelines and effective communication among all the employees, so they can be productive.
Risk Management Solutions:
No organization is elude to risk. So, GRC Risk management becomes crucial for them to manage and predict risks that can stop an organization from achieving its objectives and goals. However, risk can vary from organization to organization. That's why it is essential to identify, track, and mitigate. GRC risk management solutions help organizations develop a risk management culture.
Compliance Solutions:
GRC compliance stands for adherence to rules, regulations, and procedures. It defines how a business should operate, and failing to comply with these standards can lead to some consequences, such as fines, revenue loss, and disbarment. For instance, with the advancement in technology, businesses need to adhere to cyber security compliance to protect the user's data. Furthermore, PCI DSS compliance and SOC2 compliance are common types of compliance that businesses need to adhere to.
The Importance of a Holistic GRC Approach
While the previous section explained each element of GRC individually, their true power lies in a holistic Governance Risk management and Compliance (GRC) framework. Imagine these three aspects working together seamlessly:
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Governance sets the direction with clear policies and frameworks.
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GRC Risk management identifies and mitigates potential roadblocks that could derail these goals.
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Compliance ensures adherence to regulations, preventing legal issues and reputational damage.
This comprehensive approach promotes an environment of responsibility, openness, and effectiveness. It gives organizations the ability to:
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Make wise decisions: Leaders who conduct a thorough risk assessment are better equipped to make strategic decisions by knowing the possible outcomes.
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Optimize resource allocation: Organizations can efficiently devote resources to address the most essential Governance Risk management and Compliance issues by prioritizing risks.
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Boost agility: It is possible to adjust to shifting market conditions and laws more quickly with a robust GRC framework.
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Develop trust among stakeholders: Robust GRC procedures show a dedication to moral business practices, which cultivates trust among partners, consumers, and investors.
INTERCERT's GRC Services
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Creation of a GRC Framework: Our professionals help you adopt a GRC framework that is unique to your business, size, and requirements. For efficient GRC implementation, this framework describes roles, responsibilities, policies, and procedures.
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Services for Governance and Risk Management: With strategies and roadmaps, efficient policy management, operations, and regulatory risk management processes in line with industry best practices and relevant computer security certifications, you can build and improve IT governance, enterprise, and IT risk management processes.
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Audit and Assessment Services: In order to ensure compliance with industry standards and best practices for compliance in cyber security, build, carry out, and manage audits and assessments pertaining to IT Governance, Regulatory/Policy Compliance, Security/Information Security, Third Party Control & Governance. We also offer external and internal audit support.
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Data privacy services: Inventory and data flow mapping, privacy program reviews, impact evaluations, regulatory analysis, and incident management, all in compliance with pertinent data privacy rules, can help to strengthen and develop dependable services in a data-sensitive environment.
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GRC Platform and Support Services: Leverage technology to improve cyber security and risk management and streamline GRC operations. Increase visibility with IT GRC solution blueprint, integration, and monitoring.
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Compliance Services: We provide services for various GRC compliance services of industry standards and laws, such as ISO 28001:2007, ISO 31000:2018, ISO 22301:2019, ISO 20000-1:2018, HIPAA, GDPR, SOC, and others. This guarantees that your company follows best practices for implementing an information security management system (ISMS) and stays within the law.
We know an excellent GRC program will protect your organization from cybercriminals by establishing a substantial Governance Risk and Compliance framework and adopting best practices for compliance in cyber security.
Advantages of Partnering with INTERCERT
Selecting INTERCERT for your GRC requirements provides a multitude of benefits:
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Enhanced Visibility: We offer clear and straightforward data to keep you updated on Governance Risk and Compliance framework performance and potential improvement areas.
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Knowledge: The members of our team are seasoned experts who possess a thorough comprehension of GRC guidelines and optimal techniques.
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Cost-Effectiveness: We assist you in avoiding expensive fines and interruptions by proactively controlling risks and guaranteeing compliance.
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Scalability: We modify our solutions to match the complexity and size of your company, guaranteeing a customized strategy.
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Enhanced Efficiency: You can concentrate on your primary business operations by saving time and money with streamlined GRC procedures.
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Industry-Specific Solutions: INTERCERT is aware that specific industries have particular GRC difficulties. We provide customized solutions made to meet the unique requirements of your industry. This guarantees a thorough strategy that takes industry standards and best practices into account.
Benefits of INTERCERT's Governance, Risk, and Compliance Solutions
1. Improved Risk Management
Every business needs to mitigate the associated risks in their organizations. SOC2 compliance, PCI DSS compliance, and others help to identify the potential area of risk and improve the strategies to mitigate the risk.
2. Increased Credibility
Achieving certification, like ISO 27001 from INTERCERT, demonstrates that an organization has met rigorous standards and best practices. It indicates that your organization is committed to quality, safety, and professionalism.
3. Compliance with Industry Standards
Getting certified by INTERCERT helps businesses to meet industry standards. For instance, cyber security compliance is vital for every organization in this digital landscape, preventing data breaches.
Why Choose INTERCERT?
INTERCERT, headquartered in The Woodlands, Texas, is a leading international body for audits and assessments. It offers certifications, training, GRC, and Security Assessment services to meet diverse organizational needs globally.
The INTERCERT auditing team of 150+ auditors possesses experience in a wide range of business scopes of industrial and business sectors and offers it's customers professional assessments and certification services internationally. Our team is committed to adopting the challenges and changes of business requirements in service delivery to meet our customer's expectations.
In addition, INTERCERT offers GDPR certification, which allows businesses to operate in the European Union and handle their data.
Let's Sum Up
At INTERCERT, we see GRC as a process that is continuously improving. We keep abreast of changes in industry trends and the regulatory environment. We work with you to ensure your GRC framework is flexible and efficient over time. A strong GRC program is an investment in the future of your company. Collaborate with INTERCERT to establish a solid basis for accomplishments.
