Executive Summary (This is a document excerpt)

Extra, extra — read all about it: "IT Vendor ‘X' Has Solved World's Risk and Compliance Problems." Organizations are inundated with IT vendors that claim to have the answer for their risk and compliance problems. However, most of these vendors provide capabilities to meet only a single requirement or a handful of requirements and really are not a risk and compliance management vendor themselves. Real risk and compliance vendors are those that provide a platform for documenting and overseeing risk and compliance across an organization. Products in this market include: enterprise risk management (ERM) dashboards; governance, risk, and compliance (GRC) platforms; applications that specifically target financial risk management; and applications that target specific areas of operational risk and control oversight.

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