10 GRC Trends to Watch Out for in 2023

Introduction

For organizations, the past couple of years have been filled with challenges. Direct and indirect impacts from the COVID-19 pandemic, the continuing geopolitical crisis in Europe, and the threat of an economic downturn have led to major business disruptions, including supply chain issues, a fluctuating energy situation, talent shortage, and state-sponsored cyber attacks.

As organizations strive to build resilience and agility in an increasingly interconnected risk landscape, a robust governance, risk, and compliance (GRC) program serves as a vital foundation to successfully ride the waves of disruption. This makes it crucial for organizations to stay up-to-date with the latest GRC trends in order to maintain their competitive advantage.

At MetricStream, we are committed to helping you thrive on risk. Based on our conversations with customers and thought leaders and our own analysis of economic conditions, regulations, and various news events, here are our insights on the top GRC trends for 2023.

Stay Ahead with a ConnectedGRC Strategy

MetricStream’s ConnectedGRC products help you strategically manage risk in the interconnected risk landscape with an integrated and holistic approach to GRC. Designed with advanced analytics and AI capabilities at the core, it enables businesses to proactively identify, assess, manage, and mitigate various risks.

BusinessGRC connects across risk, audit, and compliance to bring insights that can be used to build resilience and as a strategic competitive advantage.

CyberGRC ensures active cyber risk and compliance management through improved visibility and a comprehensive IT and cyber risk and compliance framework aligned with recognized security standards.

ESGRC streamlines and automates ESG risk assessment, management, and monitoring across the enterprise and third-party ecosystem, while also simplifying ESG compliance and disclosures.

Interested to know more? Request a demo now.