Glossary

GRCaaS

Today, businesses are juggling more GRC requirements than ever before. It’s no surprise that many companies are looking for smart solutions like GRC as a Service (GRCaaS) to help them navigate these challenges.

Instead of maintaining a full-time team dedicated solely to GRC tasks, GRCaaS allows businesses to access expert support when needed. This flexible, cloud-based solution offers the scalability and automation needed to manage today’s intricate GRC landscape. In this article, we’ll break down the key benefits of GRCaaS.

grc-as-a-service

What is GRC as a Service (GRCaaS)?

GRC as a Service (GRCaaS) provides governance, risk management, and compliance solutions through a cloud-based subscription model. Instead of investing in costly infrastructure or building an internal GRC team, businesses can outsource these functions to GRCaaS providers. This enables organizations to leverage advanced technology, streamline processes, and gain access to specialized expertise without managing everything in-house.

The Role of a Modern GRC Model

A well-structured GRC model is the foundation for aligning any organization’s governance, risk management, and compliance. GRCaaS platforms build on this model by automating routine tasks, providing real-time risk visibility, and enabling better decision-making.

GRC software is at the core of GRC service solutions, streamlining activities like risk assessment, compliance tracking, and policy management. Unlike spreadsheets, GRC software automates these processes, reducing manual labor and improving accuracy. Centraleyes, for example, offers a platform that centralizes your risk and compliance data, making it easier to scale, generate reports, and ensure compliance as regulations evolve.

GRCaaS vs. Manual Spreadsheets: A Clear Winner

For decades, businesses have relied on spreadsheets like Excel or tools like SharePoint to manage GRC activities. But let’s face it: in 2024, managing GRC on spreadsheets is like driving a horse-drawn carriage on a highway. Sure, spreadsheets can get you from point A to point B, but they come with significant limitations when it comes to scaling, automation, and overall risk visibility.

Spreadsheets are prone to human error, require constant manual updates, and become increasingly difficult to manage as businesses grow and regulations evolve. Trying to ensure compliance across multiple frameworks or keep track of real-time changes becomes a logistical nightmare. Meanwhile, GRCaaS platforms offer advanced automation features like Continuous Control Monitoring (CCM), where compliance tasks are automatically tracked and verified. This reduces the need for manual oversight and frees up your team to focus on higher-value activities.

Start Getting Value With
Centraleyes for Free

See for yourself how the Centraleyes platform exceeds anything an old GRC
system does and eliminates the need for manual processes and spreadsheets
to give you immediate value and run a full risk assessment in less than 30 days

Learn more about GRCaaS

Key Differences:

  • Automation: Spreadsheets require manual data entry and tracking. GRCaaS automates these processes, eliminating human error and ensuring real-time updates.
  • Scalability: As your business grows, managing compliance manually becomes inefficient and risky. GRCaaS solutions scale effortlessly to accommodate growth.
  • Risk Visibility: GRCaaS platforms provide a centralized, holistic view of risk data, making it easier to report to leadership and meet audit requirements. Spreadsheets, on the other hand, limit visibility and can become unmanageable in larger organizations.

In short, GRCaaS is the modern, intelligent solution for businesses that want to stay compliant and secure without drowning in manual processes.

The Hybrid Approach: Centraleyes’ Per-Hour Service Model

While GRCaaS offers clear benefits over traditional methods, some companies still appreciate the flexibility of managing certain tasks in-house. That’s where a hybrid approach comes in—combining the automation and power of a GRC platform with on-demand expert support tailored to your needs. Centraleyes offers the best of both worlds: not only do you gain access to a robust, cloud-based GRC platform, but you can also opt for per-hour expert services once you’re an existing client.

This hybrid model allows businesses to tap into specialized GRC expertise without committing to full-time resources. Whether you need assistance preparing for an audit, implementing new regulatory requirements, or managing specific risk assessments, Centraleyes provides the support you need—exactly when you need it.

Why Choose Centraleyes’ GRCaaS Solution?

  1. Cost-Effective and Flexible: Instead of paying for a full-time GRC team, Centraleyes clients can request expert assistance on an as-needed basis, paying only for the time used. This allows for predictable budgeting and greater flexibility.
  2. Tailored Expertise: Centraleyes’ team of GRC professionals has deep knowledge of industry best practices and regulatory frameworks. Whether you’re facing new compliance challenges or looking to streamline risk management, our experts provide customized solutions that meet your specific needs.
  3. Scalable and Efficient: As your business grows or regulatory requirements evolve, the Centraleyes platform scales with you, ensuring you’re always compliant. Automated workflows and advanced risk management tools help minimize manual work and streamline your GRC processes.
  4. Enhanced Risk Visibility: Centraleyes’ platform integrates risk data from multiple sources, providing a unified, real-time view of your entire risk landscape. This means you can easily generate reports for leadership and auditors, giving you peace of mind that nothing is slipping through the cracks.
  5. Security First: With cybersecurity risks on the rise, outsourcing GRC to the cloud can feel like a leap of faith. Centraleyes places a strong emphasis on security, ensuring that your data is protected with industry-leading encryption, access controls, and threat monitoring.

Final Thoughts: GRCaaS for the Modern Business

GRC as a Service offers unparalleled benefits for organizations seeking to streamline their governance, risk, and compliance processes. Compared to traditional tools like spreadsheets, GRCaaS platforms deliver automation, scalability, and risk visibility that manual methods simply cannot match. In today’s business world, relying on spreadsheets for GRC is an outdated and risky approach.

With a hybrid service model like Centraleyes, you get the best of both worlds—access to a state-of-the-art GRC platform with the option for personalized, per-hour expert support whenever needed. This flexibility allows businesses to maintain control over their GRC activities while benefiting from on-demand expertise.

Whether you’re a small business or a large enterprise, GRCaaS ensures that you stay compliant, secure, and efficient, allowing you to focus on what you do best.

Ready to modernize your GRC strategy? Schedule a demo with Centraleyes today and discover how our platform can transform your compliance and risk management processes—while giving you the expert support you need, when you need it.

Start Getting Value With
Centraleyes for Free

See for yourself how the Centraleyes platform exceeds anything an old GRC
system does and eliminates the need for manual processes and spreadsheets
to give you immediate value and run a full risk assessment in less than 30 days

Want to talk to Centraleyes about GRCaaS?

Related Content

Discretionary Access Control (DAC)

Discretionary Access Control (DAC)

What is Discretionary Access Control (DAC)?  Discretionary Access Control (DAC) is one of the simplest and…
Covered Defense Information (CDI)

Covered Defense Information (CDI)

What is CDI (Covered Defense Information)? Covered Defense Information (CDI) refers to unclassified information that requires…
AI Secure Development

AI Secure Development

What is AI Secure Development? AI secure development means ensuring security is part of the AI…
Skip to content