Governance, risk and controls (GRC) solutions have been adopted across financial systems and feature intelligent monitoring tools and compliance alerts. Small teams enjoy the same access to GRC solutions that ensure compliance with controls around segregation of duties, process controls, master data governance controls, Finance system change controls and more. They also provide proactive detection and reporting of exceptions, defects and compliance or policy breaches.

Cloud-based applications allow Finance teams to manage and update policies and procedures centrally, with new regulations, controls and technical accounting conventions quickly disseminated and deployed far faster than ever before.