Audit firm PricewaterhouseCoopers and software maker CA are partnering to offer companies a governance risk and compliance (GRC) solution that will "help reduce the risk of business interruption due to non-compliance with critical industry, governmental or IT regulations and standards." They made the announcement from CA World 2008 in Las Vegas this week.
Two benefits of the partnership, according to the announcement:
- Gaining visibility into risk and compliance across the organization via dashboard views, enabling real-time, transparent insight into a company's compliance posture.
- Gaining a centralized repository that maps controls to risks, policies and regulations, helping companies more easily and efficiently manage compliance.
Obviously, it's not the first time consulting and software companies have joined forces, but a partnership in the GRC sector could be especially valuable now. Everyone agrees that the economic downturn will more than likely result in stiffer, broader regulatory requirements. Consultants will be in high demand as companies seek to implement technology that will help them meet those requirements without interrupting business or incurring excessive expenses.