Why implementing a GRC tool is ideal than hiring a consultant or using in-house teams?
Ensuring compliance 24/7 is crucial yet difficult in the fast-paced cloud-native world of businesses. Traditionally, firms have depended on internal teams and consultants to handle compliance. However, GRC tool is a more efficient and effective alternative.
Daily operations and the peculiar needs of a company are well understood by in-house teams. They see to it that compliance tasks become part of the company’s culture and processes. Yet, they often have limited capacity especially when there is an increase in compliance requirements. This means that their efforts are frequently manual and time-consuming, which may lead to mistakes.
Consultants bring specialized expertise, offering guidance on complex regulations and assisting during audits. They provide valuable insights and can identify gaps in compliance efforts. However, relying solely on consultants can be costly, and their involvement is typically periodic rather than continuous. This means compliance might only be thoroughly addressed at specific intervals, leaving gaps in between.
A GRC tool, on the other hand, automates and centralizes compliance management, ensuring continuous monitoring and real-time alerts. Unlike in-house teams, a GRC tool doesn’t need rest. It operates 24/7, scanning for vulnerabilities and ensuring compliance is maintained around the clock. It also reduces the reliance on consultants by offering automated workflows and centralized reporting, making it easier to manage compliance internally.
Best part is, you only spend 14-18 hours of your time with a GRC tool, to stay compliant all year 24/7.
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