Initiatives to automate and streamline financial processes often focus more on reducing costs than adding value. Adding the kind of value you should have in your financial processes stands at the heart of a broader initiative known as governance, risk, and compliance (GRC). Learn why embedding the components of GRC within your financial processes can help you track financial flows and alert you when things might go awry.
benefits of compliance strategy processes
be persuaded of the benefits of financial process automation, which was seen largely as a way to reduce headcount and cut costs. Now automation is more widely accepted, and there is an understanding that automation helps with better decision-making, but the implication of automation for risk and compliance are still not fully understood. In a holistic implementation of GRC, governance, risk and compliance are consistently defined, closely linked, and manifested in end-to-end processes and controls. Well-d