GRC technology services

Technology can ease the burden of managing GRC processes while protecting and driving business value.

Are you struggling to manage governance, risk, and compliance processes? The right technology can ease the burden. By embedding GRC in core business processes, GRC Technology Services help clients protect and enhance business value.

Governance, Risk, and Compliance (GRC) Technology Services assist clients with identifying technology requirements to support their GRC processes, selecting GRC vendors, implementing technology platforms, and performing a post deployment review to assess lessons learned from the implementation.

KPMG's GRC Technology Services provide:

  • Strategic benefits: Provides monitoring capabilities such as dashboards and macro-level analysis to support the client’s efforts to achieve enterprise assurance.

  • Tactical benefits: Supports GRC management by providing a repository for document business processes, policies, control objectives, and risks. Reports provide information on risk and compliance management.

  • Operational benefits: Provides configurable controls monitoring, access controls/SoD (Segregation of Duties) analysis, automation of access authorization, periodic attestation of system privileges, and transaction analysis.

Potential benefits

GRC Technology Services can help companies

  • Enhance efforts to implement enterprise-wide governance
  • Eliminate manual efforts by leveraging capabilities of GRC automation
  • Reduce redundancies to increase corporate performance
  • Achieve convergence of risk and compliance tracking and reporting
  • Develop a sustainable approach toward risks, controls, and compliance management
  • Harness business intelligence
  • Build entity-specific frameworks that coordinate all compliance requirements into a single framework, thereby reducing the need to “test” and “monitor” controls separately
  • Address the complexities of compliance across various frameworks by rationalizing risk management, controls and the underlying enabling technology

Featured success story

As a result of inconsistent and decentralized implementation of technologies, this leading mortgage securitization organization found it difficult to demonstrate how it manages risk and compliance activities when reporting to executives and regulators. Second- and third-line functions operated in silos rather than using common datasets, methodologies, and technologies. A fragmented integrated risk management data model isolated data elements, hindered timely reporting, and prevented management from obtaining consistent or accurate insights. 

Recognizing that it needed to obtain a single view of risk across the enterprise, management invited KPMG to help develop and implement what would become an evolutionary data technology framework and solution.

See the results.


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