Executive Summary (This is a document excerpt)

Software applications for managing governance, risk, and compliance (GRC) continue to mature with impressive features and functions. Even more impressive are the organizational and strategic advancements companies are making by closely linking these three traditionally distinct functions; benefits include reduced risk exposure, lower audit costs, better overall compliance, and more informed decision-making. To identify the best practices for implementing a GRC program and realizing these benefits, Forrester interviewed 21 professionals who have demonstrated success in this area and 23 software vendors that market GRC products. To replicate similar success in your GRC program, you will need to focus on selling GRC value, practicing good GRC project management, and embedding GRC into corporate culture.

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