Today, increasing number of services and consulting firms are creating a new subset of services by combining various service lines into a package known as Governance, Risk and Compliance (GRC). GRC consulting is created to pitch for a very unique set of clients who are interested in achieving something more than risk management. These clients are looking for an overhaul of their governance structures, best practices with respect to risk management and want to ensure that everything in their house is in order. The major focus of the GRC consulting practice in a typical consulting firm is to provide functional consulting that addresses multiple compliance and risk management challenges. Today, compliance driven risk management commands the largest portion of overlal risk management efforts. Similarly, governance consulting is mainly regulatory driven. Small to meedium companies prefer not to change their governance and oversight structures lest the founders lose powers. But if required by regulations, they will obide by the rules and make governance changes. GRC services also include process related services that can help companies to reduce costs, bring in process efficiencies and result in overall performance improvements. In conclusion, Governance, risk and compliance (GRC) advisory services have an edge compared with its individual components. It helps the solutions to be more integrated and interlinked with the real challenges of the companies. It addresses multiple issues without actually creating duplicating efforts.