• harsih dalai
• Renoj George

The very complex playfield in which modern-day business operations take place makes it quite evident that there is an increasing need for proper GRC tools. Various multifaceted challenges make organizations face increased and varied demands across an industry spectrum, requiring advanced solutions that handle governance, risk management, and compliance based on regulatory requirements. A review of literature about the critical necessity of GRC tools in modern organizations reflects upon how important such tools are to modern organizations in a quest to retain and enhance organizational efficiencies, protected against possible risks, and compliance with the standards of compliance. The review dives deep into various aspects of GRC tools, including their capacity to integrate and streamline governance processes, facilitate risk assessment and management, and ensure compliance with the legal and regulatory frameworks. GRC tools can provide a real-time insight and predictive capabilities through advanced technologies such as artificial intelligence, machine learning, and data analytics, ensuring that organizations take proactive steps to prevent potential issues from mushrooming into huge problems. Other than that, the review draws attention to the impact of GRC tools on organizational culture and decision-making patterns. The 'Effective' GRC framework develops a culture that is transparent, accountable, and improvement orientative in nature. Such a culture facilitates long-term sustainability and sustainability. In this context, case studies as well as empirical evidence have been analyzed from literature to establish the existence of pragmatic benefits in leveraging GRC tools, including effective regulatory compliance, reduced risk exposure, and enhanced operational resilience.

Cybersecurity Regulations, India, Compliance, Data Protection, Stakeholder Trust, SMEs, Critical Infrastructure, Regulatory Agility.

"The Need for Governance, Risk Management, and Compliance (GRC) Tools in Modern Organizations: A Comprehensive Review", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 11, page no.d253-d257, November-2024, Available :http://www.jetir.org/papers/JETIR2411329.pdf

"The Need for Governance, Risk Management, and Compliance (GRC) Tools in Modern Organizations: A Comprehensive Review", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 11, page no. ppd253-d257, November-2024, Available at : http://www.jetir.org/papers/JETIR2411329.pdf