According to the Gartner report, "the EGRC platform market derives from the need for many entities to improve the oversight of corporate governance – including financial reporting compliance, enterprise risk management (ERM) and related audits. Many organizations also want to consolidate other GRC activities into a common platform. Therefore, an EGRC platform must solve the immediate GRC management (GRCM) needs associated with corporate governance and also enable an enterprise to pursue future consolidation and integration of a diverse set of operational, IT, legal and finance GRC activities." 1. Gartner Research.