With an increasing demand for Governance, Risk, and Compliance (GRC) services, the global GRC market is expected to grow at 14.4 percent during the forecast period 2016-2021. Moreover, the APAC region is expected to demonstrate the highest growth rate with regards to implementation of GRC solutions. The rigorous imposition of a law-abiding environment and tightening compliance regulations are forcing enterprises to turn to GRC platform-based solutions, not only to reduce risk, avert regulatory fines but also to have an untarnished brand image.
But, a process as multifaceted as GRC gives birth to operational bottlenecks, at times hindering the completion of business goals. Therefore, an adept and holistic GRC solution is mandatory to combat the emerging mass of today’s compliance requirements and for meeting business objectives. Adopting the right technologies enable organisations to reinvent their growth strategies, develop a more economical cost structure, and increase overall business efficiency. Whilst complete automation of controls and audit monitoring are taking over the traditional ways of compliance management, different vendors are innovating unique solutions to battle the ever-inflating complexities in the GRC space.
In an era where compliance forms an explicitly unavoidable element for productivity, APAC CIO Outlook’s eminent editorial panel has evaluated hundreds of compliance solution providers to funnel down the ones providing leading-edge technology solutions. The listing has been created with the aim to assist enterprises to traverse the realm of compliance so that companies can have a comprehensive understanding and knowledge of how the latest solutions in this domain will optimise business processes.
Thus, we present to you the “Top 25 Compliance Solution Providers” of the year 2017.