GRC Stack: Simplifying GRC Management for Modern Enterprises
Sudharshan T S, MD & CEO
Enterprise Governance, Risk & Compliance has grown to become vital for all industry verticals with a volatile economic climate contri-buting to an expanding focus on corporate GRC. According to reports from Grand View Research, the global Governance, Risk management and Compliance market is forecasted to expand and reach a value of USD 64.61 billion by 2025. While this growth stands as evidence to more and more companies facing their GRC demands head on with insightful business strategies and technology solutions, a large number of organizations still struggle with jettisoning the traditional approaches and legacy systems. Moreover, with factors such as globalization, data breaches, digitally driven fraud and financial crime, cyber threats, and the steady introduction of disruptive technologies further adding to the volatile environment, enterprises are not only in need of new technologies but also proactive GRC strategies and smarter data, to manage the risks and compliance obligations of this environment.
Perfectly understanding these challenges and demands, Bangalore headquartered GRC Stack steps forward to address them with simplified Governance, Risk and Compliance solutions for modern and digital enterprises. Founded in 2017 with the prime objective of simplifying Governance, Risk and Compliance management across multiple verticals, GRC Stack has been providing a wide range of solutions to aid governance management, risk mitigation, audits, information security and regulatory compliance. Powered by a combination of professionals ranging from product architecture and GRC Domain knowledge experts to usability experts, QA specialists with data security experts,GRC Stack has been on a mission to deliver high-quality solutions to help business functions manage their GRC needs more easily and effectively.
Enterprise Governance, Risk & Compliance has grown to become vital for all industry verticals with a volatile economic climate contri-buting to an expanding focus on corporate GRC. According to reports from Grand View Research, the global Governance, Risk management and Compliance market is forecasted to expand and reach a value of USD 64.61 billion by 2025. While this growth stands as evidence to more and more companies facing their GRC demands head on with insightful business strategies and technology solutions, a large number of organizations still struggle with jettisoning the traditional approaches and legacy systems. Moreover, with factors such as globalization, data breaches, digitally driven fraud and financial crime, cyber threats, and the steady introduction of disruptive technologies further adding to the volatile environment, enterprises are not only in need of new technologies but also proactive GRC strategies and smarter data, to manage the risks and compliance obligations of this environment.
Perfectly understanding these challenges and demands, Bangalore headquartered GRC Stack steps forward to address them with simplified Governance, Risk and Compliance solutions for modern and digital enterprises. Founded in 2017 with the prime objective of simplifying Governance, Risk and Compliance management across multiple verticals, GRC Stack has been providing a wide range of solutions to aid governance management, risk mitigation, audits, information security and regulatory compliance. Powered by a combination of professionals ranging from product architecture and GRC Domain knowledge experts to usability experts, QA specialists with data security experts,GRC Stack has been on a mission to deliver high-quality solutions to help business functions manage their GRC needs more easily and effectively.
"GRC Stack is uniquely positioned with its Integrated Risk Management(IRM) suite that consists of cloud security modules and can also be deployed onpremise"
“The GRC Stack team, after engaging extensively in customer interactions and understanding the market, found that there is an ever increasing need for accountability, sustainability, consistency, efficiency, security and transparency in the industry landscape,” explains Sudharshan T S, MD & CEO. “This served as a key input in our architecture and system design,” he adds.
When it comes to its GRC Portfolio, GRC Stack is uniquely positioned with its Integrated Risk Management(IRM) suite that consists of cloud security modules and can also be deployed on-premise. This framework has been engineered to measure the process effectiveness and risk posture of a company through setting up the GRC Library with relevant risks and controls. It is also augmented with a compliance module, Audit management, Issue management as well as a Survey Module to measure the feedback of the organizational stakeholders. Furthermore, the company has built the IRM with a lot of secure components and provides it with an add-on-C Smart, which serves as a security module to address all the hardware and OS level non compliances. In addition to the IRM, GRC Stack also provides an Enterprise Risk Management (ERM) solution, which aids risk owners through risk evaluation, rating, impact analysis and updating or demising a risk as necessary.
Despite a recent entry into the market, GRC Stack has already carved a niche for itself in this domain with an expansive portfolio of GRC offerings. Moving forward, the company intends to provide AI support for its products, to make them Alexa and Siri compatible. GRC Stack also plans to expand its operations in emerging markets like Central America, LATAM and African and Middle Eastern geographies in the upcoming future.
