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CFOs face complex GRC software decisions

Tools
Tags
Oracle
GRC
governance
compliance
CFO
budget
sarbox

Most people assume that so-called GRC software--governance, risk and compliance--will continue to gather steam, as big boys like Oracle and SAP continue their marketing. It makes sense to automate compliance and risk issues, but the reality of this nascent field is that there really isn't a single point solution. Sure the big guys offer lots of functionality, but you have to weigh that against your budget and specific needs. There are plenty of small vendors out there leaving their marks. Movaris, for example, recently was bought by Trintech, which will round out its service offering for CFOs. John Hagerty of AMR makes the point that most GRC solutions are bought and implemented within silos. While all companies want to offer a complete set of services, the reality is that most companies will have to mix and match to get their optimal solution. 

For more:
- here's a note from Hagerty

Comments

John makes a great point. GRC and automated controls offer tremendous benefits for companies with applications for impacting business well beyond compliance needs, but there's no one-stop solution, and claims from vendors promising a single solution should be viewed with healthy skepticism. There's a great deal of value in a best-of-breed approach to meeting highly varied GRC needs, and there's also something to be said for vendors whose solutions work across a variety of ERP systems. Most companies work with several applications, and it only makes sense that GRC solutions should, too. We talk a good bit about this over at our blog, Audit Trail: www.approva.net/audittrail.

-Mike Evans, VP of Marketing, Approva Corporation

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