What is GRC?

The Complete Guide to Understanding Governance, Risks, and Compliance in Modern Companies

Governance, Risks and Compliance - or simply GRC - have ceased to be terms restricted to the legal or accounting universe to become central pillars of business sustainability. In a world marked by increasing risks, complex regulations, and increasing expectations of a company's stakeholders, mastering the GRC is no longer optional: it's a competitive advantage.

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What is GRC?

GRC is the acronym for Governance, Risks, and Compliance, an integrated set of practices, processes, and technologies that ensure that an organization acts with transparency, ethics, safety, and compliance with internal and external regulations.

It is a strategic approach that aligns organizational objectives with risk control and regulatory requirements, avoiding rework, fraud and fines, and promoting a culture of integrity and sustainable performance.

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Why is GRC so important to companies?

In an environment where data circulates in real time and risks multiply at the same speed, companies that operate based solely on intuition are doomed to fail.

Implementing GRC is important because:

• Avoid financial and reputational losses due to fraud, non-compliance, and operational failures.
  

• It makes the company more resilient, anticipating and responding to risks with agility.
  

• It improves internal efficiency, eliminating silos and rework between areas.
  

• It ensures regulatory compliance, protecting the organization from sanctions and negative audits.
  

• It strengthens the trust of investors, clients, and regulatory bodies.
  

GRC solutions: from theory to practice with technology and AI

The application of GRC goes far beyond creating policies. It involves systems, frameworks, and technologies capable of integrating Governance, Risk, and Compliance in a continuous and automated manner.

This is exactly where Vennx stands out, offering intelligent solutions that combine the GRC in a hybrid way by combining professional expertise with technology and artificial intelligence. Below, we will present some Vennx solutions in this model that have already impacted large companies:

SoD Discovery: The first SoD array developed with AI

The traditional Segregation of Functions matrix has evolved. Vennx created SoD Discovery, a complete framework to prevent fraud, avoid conflicts of interest, and ensure compliance with the highest governance standards.

• Automates the detection of SoD risks;

• Integrates ERP and IDM systems;

• It supports rules customized to your business reality.

Read more: https://www.vennx.org/blog-vennx/tudo-que-te-ensinaram-sobre-matriz-sod-esta-ultrapassado

Oracle: Real-time access control

Instead of retroactive audits, the Vennx Oracle works in real time with continuous monitoring, automated correction, and predictive analysis.

• Detects unauthorized access automatically;

• Revoke irregular permissions and adjust the environment;

• Ensures compliance with internal policies and SOX;

• It provides customizable analyses and dashboards.

Read more: https://www.vennx.org/blog-vennx/oraculo-a-tecnologia-que-antecipa-fraudes-e-corrige-acessos-de-forma-automatica

VX: The first AI applied to GRC

VX is Vennx's artificial intelligence developed to radically transform the way companies do GRC. With it, it is possible to:

Access the world's largest risk and control bank;
Build your audit plan in 5 clicks;
Benchmark with more than 5,600 companies;
Map risks and deficiencies.

And the best: 100% free and with no usage limits.

Learn more about the tool here: https://www.vennx.org/blog-vennx/faca-um-benchmarking-de-riscos-em-segundos-com-o-vx

How to apply the GRC successfully?

A successful GRC strategy depends on three fundamental pillars:

1. Organizational culture: GRC is more than technology, it's behavior. Involving leaders and training teams is essential.
   

2. Well-defined processes: standardization and traceability of processes help identify flaws and anticipate risks.
   

3. Intelligent technology: AI, automation, and predictive analysis guarantee scale, agility, and assertiveness in decisions.
   

By combining robust governance, effective risk management, and automated compliance, your company will be prepared for the present and ready for the future.

Vennx is here to help you on this journey, talk to an expert.

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