Nasdaq BWise: The Pending Extinction of GRC Point Solutions
GRC point solutions are facing disruption as integrated governance, risk, and control (GRC) software continues to evolve and add value to risk management activities across the lines-of-defense.
A GRC software point solution’s design is to assist the lines-of-defense (businesses, support functions, and audit) in managing risk. The foundation is either built on unique company specific methodologies or leading practices and frameworks, such as COSO, NIST, etc., to support risk and control
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