target audience: TECH BUYER Publication date: Mar 2024 - Document type: IDC MarketScape - Doc Document number: # US50729723
IDC MarketScape: Worldwide Financial Governance, Risk, and Compliance Software 2024 Vendor Assessment
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Abstract
This IDC study evaluates the capabilities that enable the office of the CFO through technology. FGRC integrates these three core elements (governance, risk, and compliance) to establish a framework that empowers organizations to manage their financial operations responsibly, ethically, and compliantly, all while mitigating financial risks for a company. The CFO is looking for a better understanding of where their company stands from a governance, risk, and compliance standpoint to ensure the company can withstand a storm of risks.
"Financial governance, risk, and compliance has been and will always be a core responsibility of the CFO. Without it, there is a risk to the financial stability of a company. The better CFOs can mitigate risk through insurance or capital the better off the company's financial health, which in turn is the core of most investors and stakeholders want." — Heather Herbst, research director, Worldwide Office of the CFO