PwC U.S. announced last week the launch of its Performance Governance, Risk and Compliance (GRC) offering that provides organizations with innovative solutions to unite value protection and value creation, and to reduce risk and support growth.

With the Performance GRC offering, PwC has consolidated its solutions into a single platform, reconfiguring resources to focus on how best to monitor organizations in their entirety and help develop opportunities. This consolidation brings together a set of end-to-end solu­tions to assist companies opti­mize and integrate their GRC frameworks.

Organizations can't afford to be out of compliance, or to overlook any potential risks, however remote or seemingly favorable, whether it be corruption, instability, natural disasters, increasing government oversight, business transformation, new technology, and innovative products.

The Performance GRC offering begins with a broad view of risk, rather than focusing on the top 10 or 20. It looks at interconnections among enterprise risks, combined with robust analytics, to find solutions that have the greatest impact. "This perspective helps eliminate redundancies, channels resources efficiently across risks, and decreases the burden of constant audits on the business," according to PwC. "We also help you integrate your GRC activities into your business and align it with key performance drivers."

Thus, consolidation makes it possible to empower GRC functions so they're not just reactive, but can anticipate and prevent risk and support strategic business goals. PwC's Performance GRC practice combines four product areas: Risk Management Services; Compliance Services; Business Continuity Management Services; and GRC Technology Enablement Services.

Key benefits of Performance GRC include:

Support for strategic priorities;

A more effective early-warning system for emerging risk issues;

Enhanced ability to spot gaps and optimize coverage;

Enhanced visibility into interconnected risks across the enterprise;

Metrics to support management decision making;

Cost control and greater efficiency in overall GRC efforts;

Reduced audit fatigue on the business;

Increased stakeholder confidence; and

Support for the board in discharging its oversight responsibilities.

More information on PwC Performance GRC offering may be found here.

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