Request A Demo!

Blog

regulatory-risk-management

Regulatory Risk Management: What Do These Acronyms Mean, and How They Apply

There are a lot of acronyms in the business world, especially when it comes to regulatory bodies and risk management. So many, in fact, it can be hard to keep them all straight. On that note, we’ve put together a helpful list of some of the most important acronyms when it comes to regulatory compliance. ISO: International Organization for Standardization. An organization made up of representatives from standards organizations from around the world, tasked with creating international regulatory standards [...]

What Is GRC?

What Is GRC?

GRC is an acronym for Governance, Risk, and Compliance. These three fundamental elements help create a system of people, processes, and technology within an organization that work in concert to improve an organization's internal processes. The purpose of this system is to conform to one or more defined goals, all while adhering to laws and regulations pertaining to the industry. GRC: The Basics While there is no universally accepted definition of GRC, its three elements are usually characterized roughly as follows: Governance [...]

Information Security Compliance and Risk

The Challenges Law Firms Face with Information Security Compliance and Risk

In the legal arena, the confidentiality between a client and his or her lawyer is not only a professional bond of trust but, also, an aspect mandated by law. For firms that work with healthcare organizations, there is an additional challenge to confidentiality: They are subject to the Health Insurance Portability and Accountability Act (HIPAA). HIPAA and Other Regulatory Compliance: Confidentiality Is Key As “business associates” who may work with Protected Health Information (PHI), attorneys are directly liable for any unauthorized [...]

SPREADSHEETS WILL BE THE DEATH OF YOU!

An estimated billion people use Excel. Big score for Microsoft!  So how can spreadsheets be dangerous? If you are using them to manage your Governance, Risk and Compliance (GRC) they are: Time consuming Difficult to manage Prone to errors Do not provide a chain of evidence 1. TIME CONSUMING Face facts, your Risk and Compliance team members spend enormous amounts of hours constructing, posting, editing, and reporting via spreadsheets. It is critical work but: Is it efficient? Nope! Cost effective? Nope! [...]

Compliance Are Vital to the Healthcare Industry

Why Cybersecurity and Compliance Are Vital to the Healthcare Industry

In the last couple of years, data security has become a major priority for healthcare providers and organizations. Every patient that visits a medical practice for an evaluation and/or treatment is asked for a wide range of personal information: full name, address, phone number, state ID, insurance details, medical history, and more. Plus, each time a co-pay is paid with a card, that payment information enters the system. All of this information is a target for cyber-attacks. Healthcare and Cybersecurity [...]

Advantages of GRC Software Over Pro Services and MS Office

The Advantages of GRC Software over Professional Services & MS Office Tools

MS Office tools are incredibly popular for a reason, They are easy to learn programs, and they meet the basic needs of just about any office environment. Unfortunately, that’s also the problem with those programs—their simplicity and wide application design makes them unsuited for many complex tasks. This is especially true when it comes to governance, risk, and compliance (GRC), which is why many businesses either already use GRC software or are currently making the switch. Let’s take a look [...]

discussing compliance management

Do Your Employees Know About Your Compliance Management Program? 5 Tips for Raising Awareness

Creating a compliance management program is one thing. Creating an effective compliance management system is something else entirely. Here are 5 tips for making your plan a successful one. You’ve implemented a regulatory compliance program. It covers everything from workplace safety rules to cyber security. You’ve spent hours, days, perhaps even months fine-tuning the pieces. You’ve checked all the boxes. You’ve met all the legal requirements. Then comes the moment of truth: You ask your employees what they know about compliance, [...]

GRC software

Aruvio GRC Software Scales to Meet the Needs of Growing Businesses

As your company grows, you’ll likely notice an escalating need for governance, risk management, and compliance activities. GRC software solutions can help companies handle their GRC needs, providing the needed information and safeguards that will keep your company in compliance with the law, but, occasionally, the needs of a business will outgrow its software. Aruvio provides a GRC platform that can scale up as your GRC needs grow. Ideal for small-to mid-size businesses, Aruvio’s GRC platform can be customized to [...]

Four Cybersecurity & Compliance Trends To Watch Out For In 2017

Four Cybersecurity & Compliance Trends To Watch Out For In 2017

Don’t let the new political environment in Washington, D.C. fool you. Although the new administration has pledged to cut regulations, the regulatory state remains strong, and political infighting may doom efforts to reform it. Corporations need to keep a strong focus on regulatory compliance, not just for the sake of staying on the right side of the government, but also to reap the benefits of good practices. Governance, risk, and compliance professionals need to keep their eyes on emerging compliance [...]

Vendor management system

10 Ways to Better Manage Vendor Risk

Third-party vendors can provide tremendous value to organizations, handling IT issues that those organizations may not have the expertise or manpower to take care of on their own. Becoming dependent on third-party vendors has its risks, and smart executives use vendor management software and other risk management techniques to mitigate their exposure. When your company or organization relies on third-party vendors for IT services, it will likely turn over sensitive information or the means to access this information to the [...]

Let Us Help Your Business

Request A Demo!