White Paper:
Using GRC Software to Demonstrate Compliance Program Effectiveness

For organizations operating in regulated industries, the need for implementing an effective compliance program is well understood. As evident by recent legislation, the focus of regulators is shifting from a focus on the presence of a compliance program; to evidence that demonstrates the effectiveness of the compliance program. Regulators are raising the stakes by asking the question – “Can you prove that your compliance program works?” with an emphasis on effectiveness and measuring results and outcomes. 

Without the proper tools and processes in place, demonstrating that your organization has an effective compliance program can be very challenging and as a result, many organizations are looking at Governance, Risk, and Compliance Management software (commonly referred to as GRC) to automate their compliance program initiatives. A GRC software solution, serving as the “compliance system of record,” can streamline the compliance process across the enterprise and ultimately provide the means to demonstrate compliance program effectiveness. This white paper provides practical guidance for organizations considering a GRC software application and the key capabilities that a GRC software solution should possess to enable an organization to demonstrate compliance program effectiveness.