Holistic Compliance Goes Beyond GRC Tools
Preventive compliance is a business imperative to avert financial frauds, according to Infosys' expert. Companies must adopt a holistic compliance management approach by leveraging a robust Governance, Risk and Compliance (GRC) tool, establishing preventive controls and monitoring controls continuously.
In an article published in SAPinsider, our expert discusses how a comprehensive GRC framework helps design, measure and monitor controls for compliance with multiple regulatory requirements. The framework covers business and IT process compliance, provides best practices to define risk appetite, and establishes controls to mitigate risks.
Our expert advocates blending a holistic compliance approach with GRC technology to enable process standardization and automation of controls, in addition to reducing costs and manual intervention.
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Published with permission of SAPinsider
Author
Rajesh K. Murthy, Vice President, Enterprise Solutions and Global Head, SAP practice, Infosys Limited
Rajesh has over 20 years of experience - a rich mix of working in European and North American markets. He is a part of the Tier-1 leadership at Infosys. He is also a member of the Board of Infosys Sweden. Rajesh can be reached at
Related reading
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Journals
Read a special feature on GRC in FINsights, a quarterly journal of our Banking and Capital Markets practice.
Read an exclusive on GRC in SETLabs Briefings, a peer-reviewed journal of our Software Engineering & Technology Labs (SETLabs).
Success Story
Infosys implemented a GRC platform 
for a pharmaceutical company.
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