GRC Industry Trend in 2012: Increasing Demand for Comprehensive, Modular Solutions

SAI Global Identifies Growing Trend Across Organizations of All Sizes and Geographies

ALPHARETTA, Ga.--(BUSINESS WIRE)--As the governance, risk and compliance (GRC) industry continues to mature through increased innovation and consolidation, organizations continue to expect greater utility value, flexibility and ease-of-use, as well as reduced overhead. Even organizations motivated by a specific need, such as incident management in response to increasing risks from whistleblower allegations, are seeking solutions that can quickly address the immediate need and offer the flexibility of seamless expansion in support of future requirements. Through its work with some of the largest and most diverse global organizations, SAI Global Compliance, the world’s leading provider of GRC products, services and technology, including the Compliance 360^® software suite, has found that businesses are more frequently seeking comprehensive, modular GRC solutions that leverage a common platform to support global, ever-changing requirements.

“From the beginning, Compliance 360 has been designed to support a modular deployment of comprehensive solutions that all leverage a common platform. Through the initial and long-term successes of our customers, we have seen the value and benefits enabled by pragmatic design and integrated applications.”

According to Michael Rasmussen, president of Corporate Integrity, “Modern business requires a new paradigm for tackling risk and compliance issues across the enterprise. A targeted strategy that addresses GRC through a common technology architecture gets to the root of the problem, and delivers cost savings and efficiency. Organizations face a complex array of risk and compliance demands. The more extended and distributed the business, the more challenging risk and compliance is to manage. A common GRC architecture makes them efficient and manageable. Inefficiencies, redundancy, errors, and potential risks are identified, averted, or contained. This reduces risk exposure, and enhances business agility and performance.”

Today, SAI Global Compliance customers benefit from tight integration across GRC software applications running on a common platform. For example, many organizations utilize the Virtual Evidence Room^® to understand the relationship between incidents, policies and procedures, laws and regulations, corrective action plans and other GRC functions managed with the integrated platform. The Compliance 360 suite provides many points of integration across all the applications, including managing the relationship between Internal Audit, Compliance, Enterprise Risk Management and Third Party Risk Management.

“So far this year, we’ve seen a growing shift in the approach that organizations are taking to address their GRC requirements. More frequently, savvy, forward-thinking organizations are recognizing the value of GRC software applications that are architected to run atop an easily extensible platform that can be used to support future needs – and also make GRC management easier, less costly and more dynamic,” said Steve McGraw, president, GRC, SAI Global Compliance. “From the beginning, Compliance 360 has been designed to support a modular deployment of comprehensive solutions that all leverage a common platform. Through the initial and long-term successes of our customers, we have seen the value and benefits enabled by pragmatic design and integrated applications.”

About Compliance 360^®GRC Software Suite

The original Governance, Risk and Compliance (GRC) software solutions born in the cloud, Compliance 360 brings order and efficiency to the complexity of enterprise governance, risk management, compliance and audit management. The Compliance 360 GRC Software Suite includes regulatory compliance software, policy management software, internal audit software, incident management software, ERM software and a wide variety of specialty applications. More than 250,000 professionals every day in financial services, insurance, healthcare, distribution and other regulated industries rely on Compliance 360 applications to help protect their revenues, reputations and brands. www.compliance360.com

About SAI Global Compliance

SAI Global Compliance provides organizations with a wide range of governance, risk and compliance (GRC) products, solutions and services that help build organizational integrity and meet overall business objectives. With more than 25 years experience and offices in more than 25 countries, SAI Global’s solutions include a wide range of GRC products and services, including the Compliance 360 GRC Software Suite, best practice Code of Conduct program services and training, compliance and ethics training and awareness, risk and culture assessments, a full range of advisory services, whistleblowing hotline services, regulatory knowledge, policy management, case management and third-party compliance management, including automated due diligence workflow and management. www.saiglobal.com/compliance