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Navigating the complexities of GRC Procurement with Tina Chugani

Risk Management Show

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Key Considerations for Procuring a GRC Solution

The chapter delves into the reasons for purchasing a new Governance, Risk, and Compliance (GRC) solution, emphasizing the importance of interconnected systems in risk management. It discusses challenges organizations face in selecting a GRC vendor, such as biases in product marketing and complexities around data hosting, and advises on factors to consider when evaluating GRC solutions. The conversation also highlights the importance of integrating tools with existing systems and balancing cost and value when procuring GRC solutions.

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