BOSTON, MA--(Marketwire - January 12, 2011) - In a newly-released report, Effective GRC Management: Positioning Your Company for Growth, Aberdeen Group, a Harte-Hanks Company (
"GRC management is often viewed as a cost-saving measure (reduction of fines / penalties and corrective labor), as opposed to a new revenue generator. Organizations under such circumstances are typically using GRC management to resolve problems that have already erupted, as opposed to using such processes to mitigate risks and prevent unseen costs before they occur," according to William Jan, Senior Analyst at Aberdeen Group. "By having effective processes and tools in place to identify areas of risk, companies can actually derive new-market revenue from two facets: 1. being able to sell into global markets by meeting compliance requirements, and 2. gain new customers through competitive differentiation (customers will always want to conduct business with an organization possessing lower liabilities)."
This report is designed to shed light on the strategic value of GRC initiatives, from both financial and operational standpoints, and how their effective management can enable companies to achieve cost reduction, and revenue growth. "Organizations should ensure that corporate objectives, risk data, regulatory requirements, and accountability information are made visible to stakeholders to enable timely and informed decisions," explains Jan. "Top companies are 94% more likely than their competitors to maintain a centralized repository for compliance audit and accountability information. Subsequently, these companies reported a 90% positive audit success rate in the past 12 months."
A complimentary copy of this report is made available due in part by the following underwriters: Lightwave Security, Neupart, Inc., and MEGA. To obtain a copy of this report, please visit: http://www.aberdeen.com/link/sponsor.asp?spid=30410182&cid=6746&camp=2.
Visit Aberdeen.com for additional access to complimentary Financial Management & GRC Research.
About Aberdeen Group, a Harte-Hanks Company
Aberdeen provides fact-based research and market intelligence that delivers demonstrable results. Having queried more than 30,000 companies in the past two years, Aberdeen is positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen for insights that drive decisions.
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