All terms
Glossary · ERM

Governance, Risk, and Compliance Platform

Integrated software system centralizing GRC activities including policy management, risk assessment, compliance monitoring, audit management, and reporting.

Full definition
A Governance, Risk, and Compliance (GRC) Platform provides a unified technology solution that consolidates previously siloed risk, compliance, audit, and policy functions into a single system of record. Modern GRC platforms automate workflows, enable real-time dashboards, integrate with operational systems, and provide audit trails for regulatory examination. They typically include modules for risk registers, control libraries, issue tracking, regulatory change management, vendor assessments, and incident reporting. Financial services firms use GRC platforms to demonstrate regulatory compliance by maintaining centralized evidence of control operation, risk assessments, and remediation tracking accessible to supervisors and auditors.
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