Governance, Risk and Compliance Services (GRC consulting services by Techmedics)

What Is Governance, Risk, and Compliance (GRC)?

Governance, risk and compliance (GRC) is a structured organizational approach to align IT with business goals, manage risk, and comply with all relevant government and industry regulations. It’s composed of three main principles:

Governance

The set of rules, frameworks, and policies a company uses to achieve business objectives. It identifies the responsibilities of key stakeholders and ensures all company activities adhere to strategic goals.

Risk

This is an organization’s process of identifying, categorizing, assessing, and managing financial, reputational, operational, or cybersecurity-related threats that could negatively impact the business.

Compliance

This is the act of following legal, regulatory, and industry requirements. It involves tracking and implementing contractual obligations, internal codes of conduct, and data protection laws.

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What are the Benefits of GRC?

A properly deployed GRC framework offers several benefits for businesses, including:

Reduced Risks

With GRC, organizations can more comprehensively detect, assess, and manage risks. Companies using GRC tools see an 80% reduction in time spent on corrective actions.

Improved Operational Efficiency

GRC helps organizations gather compliance metrics and audit trails while automating routine tasks. In fact, 89% of businesses with mature GRC programs report smoother project deliveries.

Penalty Protection

When a business achieves proper compliance with industry and regulatory requirements, they can avoid fines, lawsuits, internal audits, and reputational damage.

Enhanced Cybersecurity

GRC frameworks provide better visibility into threats, vulnerabilities, and risks through unified dashboards and threat intelligence, enabling businesses to mitigate disruptions.

Improved Decision Making

GRC combines an organization’s goals and security under a unified strategy. This streamlines informed decision-making, and supports Business Continuity Planning (BCP) efforts.

Our GRC Solutions

Techmedics is here to help your business build a strategically aligned and compliant business environment through the following solutions:

Risk Assessment & Management

Identify vulnerabilities and implement response strategies across your IT environments through asset-based analysis and Integrated Risk Management (IRM).

Compliance Framework Development

Ensure your IT environment meets industry and regulatory standards. We help design and align frameworks around requirements like HIPAA, NIST, PCI, SOX and CMMC.

Data Governance & Privacy Management

Maintain the quality, security, and availability of data for business initiatives while adhering to various standards and implementing processes that respect individual privacy rights.

Audit Readiness Support

Demonstrate adherence to frameworks like ISO 27001, FedRAMP, and HIPAA by maintaining well-defined controls and understanding audit scope and requirements.

Vendor/Third-Party Risk Management

Reduce your business’s exposure to cyber, compliance, and operational risks posed by external entities while meeting regulatory standards through enforced third-party controls.

Policy Creation and Enforcement

Establishing and enforcing policies cultivates a culture of security and compliance, reducing risks caused by human error or misaligned practices.

GRC Software Deployment and Integration

Stay ahead of evolving standards like GDPR, HIPAA, NIST SP 800-171, or CMMC 2.0 by implementing GRC applications and integrating them with your current environment.

How Our GRC Process Works

Techmedics’ GRC program involves a comprehensive process to help your business meet governance goals, cybersecurity demands, and compliance requirements.

Initial Assessment

We evaluate your existing policies, procedures, technology, and risk posture. Next, we identify the regulations your organization should comply with (e.g., HIPAA, SOX, PCI DSS, ISO 27001, NIST Cybersecurity Framework, CMMC 2.0), and your business goals.

Custom Framework Design

Based on the initial assessment, we craft a GRC framework tailored to your organization and based on models like the Risk Management Framework. We also outline the processes, policies, and controls that address risks and adhere to compliance standards.

Implementation and Enablement

Our team assists with deploying GRC platforms, technical controls, and security measures identified during the design phase. We provide documentation and guidance so you leadership and IT staff can manage responsibilities effectively.

Continuous Monitoring and Support

We ensure sustained compliance and security by continuously checking your systems and compliance posture for emerging risks, policy violations, and deviations. Additionally, we perform periodic reviews that adapt your GRC program to evolving regulations and threats.

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Nonprofits

These organizations manage sensitive donor, volunteer, and financial information, often with limited internal IT resources. Techmedics helps safeguard this data by strengthening cybersecurity, securing donor management systems, and ensuring compliance with regulations.

Healthcare

Hospitals, clinics, and pharmacies frequently deal with sensitive patient health information (PHI) and are bound by regulations like HIPAA designed to prevent fraud and protect patient privacy. We provide compliance expertise and ensure all GRC activities are properly documented.

Finance Sector

The financial sector handles vast sums of money and highly sensitive financial data, making it a prime target for fraud and market manipulation. Techmedics deploys multi-layered cybersecurity defenses and thorough risk assessments to help financial firms navigate GRC complexity.

Legal

Law firms and legal departments operate under strict professional conduct rules and manage sensitive case details and client information. We help navigate these challenges by implementing encryption, managing compliance, and developing customized policies.

Government

Government agencies and public sector organizations must always operate with integrity and resilience in an environment that’s constantly under scrutiny. We ensure compliant data handling and collaboration by supporting environments built on Microsoft GCC and Microsoft GCC High.

Engineering

Engineering firms rely on secure collaboration and strict data protection, especially when working with government contracts or sensitive client projects. Techmedics supports compliance with frameworks like CMMC and ISO 27001, safeguarding proprietary data.

Manufacturing

Manufacturers face growing compliance demands, from protecting intellectual property to meeting standards like NIST and CMMC. Techmedics helps secure both IT and operational technology environments and ensure business continuity through strong GRC practices.

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Why Choose Techmedics

GRC can be a complicated puzzle for your business to solve. So why not partner with someone who can help you make sense of everything and turn it into a strategic advantage?

We are a team of highly skilled IT experts offering GRC services to businesses in the following areas:

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Client-first Approach

We don’t just deploy GRC services to your operations and call it a day. Instead, we comprehensively assess your business needs and objectives and tailor our services based on our findings.

Cost-efficient and Flexible Solutions

Say goodbye to costly upfront investments when you partner with us, as we handle the necessary servers, infrastructure, and licenses to deploy GRC solutions. We also ensure you only pay for the services you need, driving cost savings.

Proven Track Record

With more than 25 years of IT industry experience, Techmedics has provided GRC solutions to clients from different industries. We’re also recognized on prestigious lists like the CloudTango MSP Select US List for 2024 and CRN's MSP 500 list for 2024.

Proactive in Every Aspect

A reactive GRC strategy can result in delayed risk response and siloed operations. Techmedics can help you avoid these pitfalls by monitoring your systems and configurations 24/7 and regularly conducting risk and vulnerability assessments.

Governance, Risk, and Compliance Services