The cloud-based movement has acceclerated over the past several years, but it's still a relatively new phenomenon in governance, risk management and compliance (GRC), predicts a provider of software-as-a-service (SaaS) solutions for enterprise governance, risk management and compliance (eGRC).
As the industry matures, buyers are increasingly seeking GRC systems that are interconnected with leading providers of legal and regulatory content, to create a single, unified solution.
Cloud-based systems are ideally suited to providing freedom of choice to the legal and regulatory content appropriate for each organization.
The cloud will also be increasingly used to streamline processes and reduce overhead by integrating additional services and providing access for third-party auditors. 2011 will see a significant rise in organizations managing their GRC functions in the cloud as they seek these benefits.
About the predictions: Compliance 360, a provider of software-as-a-aervice (SaaS) solutions for enterprise governance, risk management and compliance (eGRC), offered the forecasts for 2011. Topping the list, corporate boards will shift their focus from survivability to implementing and enhancing corporate risk management programs. With the brunt of the economic storm currently abated, corporate boards are revisiting enterprise risk management (ERM) initiatives and validating those improvements with quantifiable measures.
Contact: http://www.compliance360.com
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