Modern organizations face a growing web of regulatory frameworks, security expectations, and third-party risk requirements.
Internal teams are often stretched thin, policies go stale, and audits become reactive fire drills rather than strategic checkpoints. Without a clear structure and the right support, compliance efforts can drain resources, stall growth, and leave critical risks unmanaged.
Does this sound like your company?
- You know you need to be more secure
- You know you don’t have the expertise
- Your customers are demanding proof that you’re secure
- You don’t have enough resources or people to tackle the job
Some companies will sell you an assessment, some companies will sell you a virtual CISO. At Velaspan we know you need a full Governance, Risk and Compliance (GRC) program. With Velaspan’s GRC as-a-Service, you get the expertise of a CISO, a clear understanding of your current posture, and long-term support to help you build a security program that balances the appropriate cost and risk for your company.
What is GRC?
GRC is a framework that organizations use to ensure they operate ethically, manage uncertainty, and meet both internal and external requirements. At its core, GRC is about aligning the way a business runs with the standards it must uphold, both through its own internal policies and through industry regulations and laws.
Governance defines how decisions are made, how accountability is maintained, and how internal policies guide daily operations. It ensures that leadership and employees are aligned around the organization's goals, values, and responsibilities.
Risk Management is the process of identifying, assessing, and responding to potential threats. These may include cybersecurity risks, operational breakdowns, supply chain vulnerabilities, or compliance failures. Risk management enables businesses to make informed decisions while minimizing disruptions.
Compliance ensures the organization follows applicable laws, regulations, and standards such as SOC 2, ISO 27001, HIPAA, or GDPR. This includes creating the appropriate policies, controls, and documentation, and proving to auditors or regulators that they are followed consistently.
Rather than treating each piece as an isolated task, a well-designed GRC program integrates them into a single, cohesive strategy. This allows businesses to operate more efficiently, reduce duplicated effort, and build a strong foundation of trust with customers, partners, regulators, and investors.
Our Solution
Developing and managing a GRC program used to mean building everything from scratch: custom templates, manual spreadsheets, scattered documentation, and hours of coordination between IT, HR, legal, and security teams. These fragmented efforts introduced hidden costs, duplicated work, and compliance gaps that often went unnoticed until an audit exposed them.
Today, modern GRC platforms simplify the process by automating evidence collection, control mapping, and framework alignment across regulations like SOC 2, ISO 27001, HIPAA, and GDPR. But technology alone isn’t enough. Successful GRC programs require experienced guidance, policy development, and continuous oversight.
Velaspan’s GRCaaS combines best-in-class compliance platforms with expert-led services to build, scale, and manage your compliance program from end to end. Our approach includes a continuous compliance platform, pre-built frameworks, ongoing advisory, and a flexible delivery model tailored to your organization’s size, industry, and regulatory scope. Whether you’re starting from zero or maturing an existing program, Velaspan ensures efficiency, audit readiness, and long-term compliance success.
Our Process
Velaspan’s GRCaaS program follows a structured process, ensuring certification achievement and an optimized platform.
Key Benefits
- Comprehensive Expertise: Gain access to a full team of specialists rather than relying on one person’s knowledge.
- Reduced Risk & Cost: Avoid turnover, salary inflation, and the expense of maintaining an in-house security team.
- Regulatory Compliance Assurance: Stay ahead of compliance changes with proactive advisory support.
- Faster Implementation: Immediately integrate proven frameworks and best practices without hiring delays.
- Scalable & Flexible: Align security and compliance resources with your evolving business needs.
GRCaaS vs Full-Time CISO
Organizations today face increasing cybersecurity threats, evolving compliance requirements, and heightened regulatory scrutiny. To address these challenges, companies often consider hiring a full-time Chief Information Security Officer (CISO). However, for many organizations, GRCaaS offers a more strategic, cost-effective, and scalable approach.
| GRCaaS | VS | Full-Time CISO |
|---|---|---|
| Lower, predictable monthly investment with no overhead costs (benefits, bonuses, etc.). | Cost | High salary ($200K+ annually) plus benefits, training, and retention costs. |
| Access to a team of seasoned cybersecurity, compliance, and risk professionals. | Expertise | Knowledge limited to the experience of a single individual. |
| Services flex as business needs evolve, ensuring the right level of support. | Scalability | Fixed capacity, requiring additional hires or external consultants for expanded needs. |
| Immediate access to expert resources and established frameworks. | Time to Value | Long hiring process, onboarding, and ramp-up time. |
| Broad coverage across risk management, compliance, audits, and regulatory alignment. | Coverage | Focused on leadership and strategy, with potential gaps in execution. |
| Dedicated team to monitor and adjust compliance frameworks proactively. | Regulatory & Compliance Support | CISO must balance regulatory tasks with strategic and operational security concerns. |
| Continuous support with no risk of turnover or knowledge loss. | Business Continuity | Risk of disruption if the CISO resigns or is unavailable. |
| Leverages best-in-class technology and processes without additional investment. | Technology & Tools | Requires additional budget for tools and external services. |
A full-time CISO may be the right fit for large enterprises with complex, highly regulated environments and a need for deep in-house leadership. However, for organizations seeking a cost-effective, scalable, and expert-driven approach, GRC-as-a-Service delivers better value, faster execution, and greater resilience in today’s dynamic risk landscape. Contact us to explore the right approach for your cybersecurity and compliance needs.
Connect with us to learn how our GRC program can simplify compliance, reduce risk, and give your team the freedom to focus on growth.
Let’s Discuss