Sometimes, it takes a painful event for us to do what’s good for us.
For example, many of us talk about eating better, exercising more and generally getting healthier. But that’s all it is – until we have a heart attack. After that wake-up call, we’re forced into doing the things we always knew we should, and after we get past that first painful period of adjustment, we find we’re the better for it.
Compliance is the business world’s version of the heart attack. After the accounting scandals of the early 21st Century, enterprises were forced to put in controls over their business processes, mostly in the area of Segregation of Duties (SOD), to meet compliance laws. The first-generation tools they had were adequate, like a worn-out treadmill or an old pamphlet on eating healthy. But the process was still painstaking and painful.
Looking ahead to 2010, though, it appears we’re coming out of the painful “adjusting to the new life realities” phase, and moving into the part where enterprises will see real gains in the area of Governance, Risk and Compliance (GRC).
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