Governance, Risk & Compliance (GRC) refers to the holistic approach by which organisations manage their governance structures, risk management and regulatory compliance in an integrated manner.
The three pillars of GRC
Governance defines structures, roles and responsibilities — who decides what and how control is exercised. Risk Management identifies, assesses and controls risks systematically. Compliance ensures that legal, regulatory and internal requirements are met. In the TPRM context, GRC means structured supplier governance, continuous risk management and automated compliance evidence.
GRC prevents silos: risk management, compliance and governance are treated as an integrated system — not as separate activities.
GRC and NIS2/DORA
NIS2 and DORA set explicit GRC requirements: governance structures with clear management responsibility, systematic risk management and compliance evidence for authorities. For supplier management this means: documented governance processes, continuous risk monitoring and automated compliance reports.
NIS2 and DORA make executives personally liable for GRC failures — governance is no longer just a staff function.
GRC tools and automation
Modern GRC platforms automate risk assessments, compliance checks and reporting. 360TPRM is designed as a specialised TPRM-GRC tool: supplier governance, continuous risk monitoring and automated NIS2/DORA compliance evidence in one platform.
360TPRM automatically generates compliance evidence for NIS2 and DORA — without manual reporting effort.
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