What is GRC Software?
GRC Software is purpose-designed to streamline governance, risk and compliance processes. It takes these business-critical tasks out of spreadsheets and email, and into an auditable and secure system.
Ironically, not having an online system to manage risk and compliance activities is actually a risk in itself as spreadsheets can be easily deleted, misplaced and often times end up leaving the organization when there is staff turnover.
With GRC Software in place, not only is it easier to engage your broader team with risk and compliance programs, but it saves you time and money during audits.
Benefits of GRC Software
There are many benefits when companies use GRC software to manage their entire risk management framework, or simply to manage specific applications.
Improves information flow
Centralizes business-critical information
Provides turnkey reporting
Manages key documentation
Alerts your team
Enables workflow approvals
What are the steps in implementing a GRC Platform?
While it may seem overwhelming to implement an online risk and compliance management solution, at IntelligenceBank, we do this daily and provide premium implementation and training services around ensuring your platform is both perfectly set up successfully launched. The implementation process consists of a kick off workshop to determine the structure and settings of your portal, data migration, Admin training and assistance with your launch. At IntelligenceBank, we don’t just provide you with software, but rather we give you six-star support to ensure your roll-out is successful. Download our Implementation FAQ for a detailed overview of the process.
How different people within the Risk Management process use GRC software
Managing risk and compliance programs does not have to be complicated. With IntelligenceBank GRC, each stakeholder has the tools they need to contribute to a fast and more efficient governance process.
Risk and Compliance Managers
Risk managers set the structure of the registers, surveys, document library, alerts, custom reports, task management, dashboards and workflows. With our highly configurable interface, if changes need to be made, Administrators can do so easily without technical support.
As IntelligenceBank GRC software is user friendly, end users such as staff, contractors and vendors who need to contribute data points and updates on tasks can have restricted access to upload their information.
Internal and External Auditors
As required, external or internal auditors can have selected access to reports or data sets.