GRC/IRM stands for Governance, Risk Management, and Compliance/ Integrated Risk Management. It represents a structured approach to aligning IT with business goals, effectively managing risk, and meeting compliance requirements. GRC/IRM solutions are used to streamline operations, reduce costs, and improve decision-making by providing a centralized view of an organization's governance, risk, and compliance posture. These systems help organizations identify, assess, and mitigate risks across the enterprise, ensuring adherence to internal policies, industry regulations, and legal obligations.
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