Sentrient

  GRC refers to the strategy organisations use to manage overall governance of the organisation, risks, and compliance to regulatory standards. It provides organisations with a structured method of managing, mitigating, and preventing risks and meeting compliance requirements in a holistic way. The 3 main factors of GRC include:   Governance:   Providing necessary administrative support measures for the GRC strategy and ensuring they are aligned with business goals and objectives. Risk management:   Identifying, managing, and preventing all risks related to running a business irrespective of its size in a way to support the organisational objectives. Compliance:   Ensuring that the organisation is compliant with all the applicable laws and regulations.   What can GRC tools do?   GRC tools are designed with all the requirements an organisation needs when implementing a GRC strategy. These advanced IT solutions help automate lengthy and mundane tasks. Th...

Have you designed a governance, risk, and compliance strategy and implemented it in your organisation? What next? How will you gauge the success or failure of this GRC strategy? Many organisations stumble at this point and fail to measure the effectiveness of implementing changes in the already existing or newly deployed GRC strategy. This can lead to inefficient controls, increased risks, and non-compliance. Businesses need to measure the effectiveness of their GRC strategy on a regular basis. This can be achieved using comprehensive governance, risk management, and compliance software. You can deploy GRC surveys, prepare robust reports, and evaluate your GRC program. If you are looking for a way to assess the effectiveness of the GRC program in your organisation, here is all you need to know about GRC surveys and GRC survey software. What are GRC Surveys? GRC surveys  are similar to normal surveys except they help ask questions about the GRC program in place. Employees can provid...

  Compliance is not only limited to health and safety, cybersecurity, or finance management. Workplace compliance also includes  employee records management . There are standards to be followed by every business based on their industry laws when managing employee records and information. Needless to say, non-compliance in any form can lead to hefty fines and reputational damage. Maintaining the details of every employee using a paper-based data system is overwhelming and time-consuming. Multiple exchanges of documents and information between HR personnel and employees can increase the risk of data duplication, data loss, or breach of privacy. These problems can be overcome by using  automation and employee self-service records management models . Let us help you learn more. What is Employee Self-Service? Employee self-service is providing employees with access to their records to manage their personal and professional details. This is enabled through web-based application...