The increasingly complex regulatory, compliance, and risk management environment in businesses has paved the way for GRC solutions. Enterprise governance, risk & compliance (EGRC) enables risk and compliance management teams to analyze and share data for a 360-degree view of the organization’s risk landscape, in turn enabling executives and boards to formulate informed business strategies. The wide implementation of EGRC software applications across enterprises to prevent monetary and reputational risks due to non-compliance is providing an impetus for market growth.
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