Risk management still holds leadership for being the initial reason for a company to purchase GRC softwares according to OCEG’s GRC maturity survey. The most common risk management use cases that are being utilized within GRC Platforms are listed below:
GRC Platforms have several functionalities to kick-start and manage different risk management processes. Some of relevant GRC software functionalities are listed below:
Implementing risk management process with a GRC software provides rapid benefits on the maturity of the definition, execution and monitoring of the risk processes. Here are some process level benefits listed below:
Implementing risk management process with a GRC software comes with multiple benefits for other relevant processes such as Compliance, Audit, Security, Privacy and Business Continuity Management. Some of these benefits are listed below:
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