Compliance management has drastically evolved in the past few years. And while companies don’t often feel it, these positive changes are helping hundreds of thousands of companies, and their executive teams grow consistently and avoid financial disasters that could cause significant problems within their organizations. 

Since the beginning of business whether they knew it or not organizations have always been analyzing risk and implementing mitigation procedures. It wasn’t until 2002 when Michael Rasmussen and OCEG finally defined the field of risk management and coined the term GRC (governance, risk, and compliance). The concept was revolutionary, in a time when the world of business was becoming ever-more complex the field of thought known as GRC outlined and defined the interconnectivity of common areas of risk and established methods of prevention.