FierceFinanceFierceFinanceITFierceCompliance IT   FierceCIO

GRC initiatives gaining, compliance still a must-do

Tools
Tags
strategic benefits
Risk Management
Oracle
GRC
governance risk management and compliance (GRC)
governance
compliance initiatives
compliance
AMR Research
sarbox

We've discussed the idea that compliance initiatives can yield strategic benefits, if done right. A new survey from AMR Research seems to suggest that more companies are getting on board with this idea. Companies will spend more than $32 billion on governance, risk management and compliance (GRC) in 2008. That's an increase of 7.4 percent over 2007. Meanwhile, spending on Sarbanes-Oxley compliance is expected to grow only 2 percent to $6.2 billion. What to make of this? The fact is, that a lot of GRC investment relates to Sarbox compliance. Rather than a Sarbox-specific project, why not include the project as part of larger, more strategic, deployment? Risk-management, intimately related to Sarbox, is seen as a big driver behind the trend.  

For more:
- here's the release

Related Articles:
CFOs face complex GRC software decisions. Article
Will the economy zap compliance issues? Article
GRC software seems to be rising. Article
Oracle aims for GRC eco-system. Article

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.

More information about formatting options

What is 23 + 9?
To combat spam, please solve the math question above.