Four Pillar's of GRC
1. Policy and Compliance Management: It helps organizations with a centralized process for policies, standards, and internal control procedures adhering to external regulations and best practices.
2. Risk Management: Helps organization with a centralized process to identify, access, monitor and respond to risks, which can cause potentially damage. Also, it helps manage assessments, indicators, and issues.
3. Audit Management: Helps organizations with internal audit, external audit, create and execute engagement, report back to committee and board of directors.
4. Vendor Risk Management: Vendor Risk Management manages the vendor portfolio, completes the vendor assessment, remediation life cycle, and integrates with other business applications.