NetSuite’s Governance, Risk and Compliance (GRC) solution addresses the issues of corporate governance, enterprise risk management and effective corporate compliance with technology and processes designed to handle an increasingly complex GRC regulatory compliance environment.
NetSuite and its partners provide a superior governance, risk and compliance program to protect your organization. With this combination, you can confidently anticipate and act on customer, third party, compliance, enterprise and financial risk while you elevate corporate governance and controls across your organization. The NetSuite GRC solution gives you a competitive advantage, enabling you to make business decisions confidently, assured that they are in alignment with strategic objectives and risk tolerance.
Sleep better at night knowing that your environment is optimally configured for regulatory compliance. By delivering real-time assessment of compliance with regulations, NetSuite provides instant notification on security policy changes negatively impacting security and actionable recommendations for improvements.
The NetSuite GRC solution ensures that you are in compliance with international IT and security standards and can adapt to new frameworks as they become relevant. NetSuite GRC streamlines the documentation of you IT systems, resources, risks and controls, defines and manages periodic risk assessments, accumulates incidents, analyses and manages business continuity and provides additional insight with the reports, KPI’s and dashboards.
Companies are subjected to multiple types of audit and compliance, from internal governance to regulatory requirements to industry standards. Managing risk has become a complex matrix that organizations can no longer rely on spreadsheets, email, or basic collaboration software to perform. NetSuite provides an automated solution that organizes and centralizes every step of the audit process: risk assessment, planning, fieldwork and testing, time and expense management, issue tracking, reporting and remediation.
NetSuite transforms your governance, risk and compliance management to realize cost savings and improve business performance by standardizing GRC processes to enhance decision making and avoid unnecessary costs. By shifting away from a costly and inefficient compliance approach that reacts to regulations, inspections and audit findings with expensive, singular or redundant solutions, NetSuite GRC solution establishes an embedded and sustainable risk management and compliance process that continually anticipates and proactively manages risk on an ongoing basis. With this proactive approach to IT governance, risk and compliance, you have the opportunity to create a competitive advantage by using it as a differentiator in the marketplace.