SlideShare a Scribd company logo
1 of 2
Download to read offline
Acknowledging ServiceNow GRC's Potential for Transformation
ServiceNow GRC is a cloud-based platform that provides a complete and integrated solution
for managing regulatory compliance, risk mitigation, and governance operations inside a
business. It serves as a consolidated hub for automating workflows, optimizing compliance
procedures, and delivering real-time analytics. ServiceNow GRC improves decision-making,
facilitates cross-departmental cooperation, and future-proofs compliance activities by
including features such as policy management, risk assessments, and audit preparation.
ServiceNow GRC becomes more than simply a tool rather, it becomes a catalyst for
organizational excellence as more and more companies realize how important it is to
manage GRC effectively. Through the use of its diverse benefits, companies may transform
GRC from a compliance-focused role to a strategic facilitator of achievement, adaptability,
and continuous expansion in a constantly changing commercial landscape.
Advantages of ServiceNow GRC, Businesses can utilize:
Automating compliance activities.
One of the key benefits of ServiceNow GRC is its ability to simplify compliance operations.
The platform serves as a consolidated repository, bringing together many regulatory
requirements, standards, and frameworks into a single perspective. This unification
streamlines the sometimes complex process of managing multiple compliance duties,
ensuring that firms have a clear grasp of the regulations they must follow.
Realtime Monitoring and Reporting
ServiceNow GRC provides enterprises with real-time monitoring and reporting capabilities.
This benefit is especially important in an environment where compliance is a continuous,
dynamic process. The platform has customizable dashboards that provide a birds-eye
perspective of an organization's compliance status. Decision-makers may quickly get
insights into existing compliance levels, identify prospective risks, and estimate the effect of
noncompliance.
Automated Workflows for Improved Efficiency
Automation is a key component of the ServiceNow GRC advantage. The platform's
automated workflows go beyond compliance and include risk management, policy
adherence, and audit procedures. By automating common procedures and approvals, firms
may drastically save manual labor, improve accuracy, and maintain consistency throughout
their GRC activities.
Improved Risk Management
Effective risk management is an important aspect of GRC, and ServiceNow GRC shines in
this area. The platform offers enterprises a systematic method of risk identification,
assessment, and mitigation. ServiceNow GRC helps firms gain a holistic knowledge of their
risk landscape by centralizing risk-related information.
Enhanced departmental collaboration
ServiceNow GRC serves as a collaboration center, encouraging communication and
cooperation among the many departments participating in GRC initiatives. This benefit is
especially important because GRC is not limited to a single department; it requires
coordination among risk managers, compliance officers, IT specialists, and other
stakeholders.
Conclusion
To sum up, ServiceNow GRC is a revolutionary tool for governance, risk, and compliance
with many benefits that go beyond simple compliance with regulations. Through automation
of workflows, real-time monitoring, simplification of compliance operations, and improved risk
management, the platform puts enterprises in a position to not only achieve compliance
obligations today but also prosper in the face of complicated regulations.

More Related Content

Similar to Acknowledging ServiceNow GRC's Potential for Transformation.pdf

Insights on grc grc technology au1488
Insights on grc grc technology au1488Insights on grc grc technology au1488
Insights on grc grc technology au1488
Ashwin Kumar
 
34514_Process_Control_e-book_interactive
34514_Process_Control_e-book_interactive34514_Process_Control_e-book_interactive
34514_Process_Control_e-book_interactive
ROMI Associates
 
Payment giant-automates-internal-audit
Payment giant-automates-internal-auditPayment giant-automates-internal-audit
Payment giant-automates-internal-audit
MetricStream Inc
 
Chase Cooper Overview
Chase Cooper OverviewChase Cooper Overview
Chase Cooper Overview
Aoife Brennan
 
Power your businesswith risk informed decisions
Power your businesswith risk informed decisionsPower your businesswith risk informed decisions
Power your businesswith risk informed decisions
Alireza Ghahrood
 
CML Group GRCaaS Dashboard
CML Group GRCaaS Dashboard CML Group GRCaaS Dashboard
CML Group GRCaaS Dashboard
Jim Robins
 

Similar to Acknowledging ServiceNow GRC's Potential for Transformation.pdf (20)

Governance, Risk and Compliance for Life Sciences Companies
Governance, Risk and Compliance for Life Sciences CompaniesGovernance, Risk and Compliance for Life Sciences Companies
Governance, Risk and Compliance for Life Sciences Companies
 
PracticeLeague Compliance Management Platform
PracticeLeague Compliance Management PlatformPracticeLeague Compliance Management Platform
PracticeLeague Compliance Management Platform
 
GRC_SLIDESHARE.pptx
GRC_SLIDESHARE.pptxGRC_SLIDESHARE.pptx
GRC_SLIDESHARE.pptx
 
An Introduction to econsys
An Introduction to econsysAn Introduction to econsys
An Introduction to econsys
 
Insights on grc grc technology au1488
Insights on grc grc technology au1488Insights on grc grc technology au1488
Insights on grc grc technology au1488
 
Automated Regulatory Compliance Management
Automated Regulatory Compliance ManagementAutomated Regulatory Compliance Management
Automated Regulatory Compliance Management
 
task 1
task 1task 1
task 1
 
34514_Process_Control_e-book_interactive
34514_Process_Control_e-book_interactive34514_Process_Control_e-book_interactive
34514_Process_Control_e-book_interactive
 
GRC Tools
GRC ToolsGRC Tools
GRC Tools
 
Compliance Management Made Easy
Compliance Management Made EasyCompliance Management Made Easy
Compliance Management Made Easy
 
Payment giant-automates-internal-audit
Payment giant-automates-internal-auditPayment giant-automates-internal-audit
Payment giant-automates-internal-audit
 
SAP GRC PROCESS CONTROL OVERVIEW AND APPROCH
SAP GRC PROCESS CONTROL OVERVIEW AND APPROCHSAP GRC PROCESS CONTROL OVERVIEW AND APPROCH
SAP GRC PROCESS CONTROL OVERVIEW AND APPROCH
 
Chase Cooper Overview
Chase Cooper OverviewChase Cooper Overview
Chase Cooper Overview
 
Power your businesswith risk informed decisions
Power your businesswith risk informed decisionsPower your businesswith risk informed decisions
Power your businesswith risk informed decisions
 
GRC Tools
GRC ToolsGRC Tools
GRC Tools
 
Contractor Compliance Management software
Contractor Compliance Management softwareContractor Compliance Management software
Contractor Compliance Management software
 
Service Frame Ssc Forum Dec 2010
Service Frame Ssc Forum Dec 2010Service Frame Ssc Forum Dec 2010
Service Frame Ssc Forum Dec 2010
 
Why to outsource qa services
Why to outsource qa servicesWhy to outsource qa services
Why to outsource qa services
 
A Financial Planning Leader Streamlines Audit, Risk and Compliance
A Financial Planning Leader Streamlines Audit, Risk and Compliance A Financial Planning Leader Streamlines Audit, Risk and Compliance
A Financial Planning Leader Streamlines Audit, Risk and Compliance
 
CML Group GRCaaS Dashboard
CML Group GRCaaS Dashboard CML Group GRCaaS Dashboard
CML Group GRCaaS Dashboard
 

More from Aelum Consulting

More from Aelum Consulting (20)

Leveraging ServiceNow SPM: Transformative Case Studies
Leveraging ServiceNow SPM: Transformative Case StudiesLeveraging ServiceNow SPM: Transformative Case Studies
Leveraging ServiceNow SPM: Transformative Case Studies
 
ServiceNow GRC: The Future of Governance, Risk, and Compliance
ServiceNow GRC: The Future of Governance, Risk, and ComplianceServiceNow GRC: The Future of Governance, Risk, and Compliance
ServiceNow GRC: The Future of Governance, Risk, and Compliance
 
Enhancing Customer Connections with ServiceNow CSM
Enhancing Customer Connections with ServiceNow CSMEnhancing Customer Connections with ServiceNow CSM
Enhancing Customer Connections with ServiceNow CSM
 
ServiceNow CMDB: Reaching Unprecedented Heights in IT Infrastructure Management
ServiceNow CMDB: Reaching Unprecedented Heights in IT Infrastructure ManagementServiceNow CMDB: Reaching Unprecedented Heights in IT Infrastructure Management
ServiceNow CMDB: Reaching Unprecedented Heights in IT Infrastructure Management
 
Maximizing ROI: Unlocking the Full Potential of ITSM Implementation
Maximizing ROI: Unlocking the Full Potential of ITSM ImplementationMaximizing ROI: Unlocking the Full Potential of ITSM Implementation
Maximizing ROI: Unlocking the Full Potential of ITSM Implementation
 
ServiceNow CSM: Optimizing Customer Experience with Best Practices
ServiceNow CSM: Optimizing Customer Experience with Best PracticesServiceNow CSM: Optimizing Customer Experience with Best Practices
ServiceNow CSM: Optimizing Customer Experience with Best Practices
 
Enabling Excellence through ITSM Implementation
Enabling Excellence through ITSM ImplementationEnabling Excellence through ITSM Implementation
Enabling Excellence through ITSM Implementation
 
Optimizing IT Asset Management with ServiceNow: Best Practices for Success
Optimizing IT Asset Management with ServiceNow: Best Practices for SuccessOptimizing IT Asset Management with ServiceNow: Best Practices for Success
Optimizing IT Asset Management with ServiceNow: Best Practices for Success
 
Mastering Security: Best Practices for ServiceNow SecOps
Mastering Security: Best Practices for ServiceNow SecOpsMastering Security: Best Practices for ServiceNow SecOps
Mastering Security: Best Practices for ServiceNow SecOps
 
Unveiling the revolutionary advantages provided by ServiceNow ITSM
Unveiling the revolutionary advantages provided by ServiceNow ITSMUnveiling the revolutionary advantages provided by ServiceNow ITSM
Unveiling the revolutionary advantages provided by ServiceNow ITSM
 
ITSM Implementation is Shaping the Future of IT Service Delivery
ITSM Implementation is Shaping the Future of IT Service DeliveryITSM Implementation is Shaping the Future of IT Service Delivery
ITSM Implementation is Shaping the Future of IT Service Delivery
 
Embarking on Your ServiceNow SecOps Journey: A Secure and Efficient Path
Embarking on Your ServiceNow SecOps Journey: A Secure and Efficient PathEmbarking on Your ServiceNow SecOps Journey: A Secure and Efficient Path
Embarking on Your ServiceNow SecOps Journey: A Secure and Efficient Path
 
Utilizing ServiceNow HRSD to Improve HR Practices
Utilizing ServiceNow HRSD to Improve HR PracticesUtilizing ServiceNow HRSD to Improve HR Practices
Utilizing ServiceNow HRSD to Improve HR Practices
 
ServiceNow CSM: Handling the Digital Transition
ServiceNow CSM: Handling the Digital TransitionServiceNow CSM: Handling the Digital Transition
ServiceNow CSM: Handling the Digital Transition
 
Driving Success through Strategic ITSM Implementation
Driving Success through Strategic ITSM ImplementationDriving Success through Strategic ITSM Implementation
Driving Success through Strategic ITSM Implementation
 
Increasing Company Dynamics with ServiceNow Consulting
Increasing Company Dynamics with ServiceNow ConsultingIncreasing Company Dynamics with ServiceNow Consulting
Increasing Company Dynamics with ServiceNow Consulting
 
Supercharge Your CMDB with ServiceNow: Real-World
Supercharge Your CMDB with ServiceNow: Real-WorldSupercharge Your CMDB with ServiceNow: Real-World
Supercharge Your CMDB with ServiceNow: Real-World
 
Achieving Operational Excellence Insights from ServiceNow SPM Implementation.pdf
Achieving Operational Excellence Insights from ServiceNow SPM Implementation.pdfAchieving Operational Excellence Insights from ServiceNow SPM Implementation.pdf
Achieving Operational Excellence Insights from ServiceNow SPM Implementation.pdf
 
Dive into ServiceNow ITSM Your Roadmap to IT Efficiency.pdf
Dive into ServiceNow ITSM Your Roadmap to IT Efficiency.pdfDive into ServiceNow ITSM Your Roadmap to IT Efficiency.pdf
Dive into ServiceNow ITSM Your Roadmap to IT Efficiency.pdf
 
Enhanced Operational Productivity with ServiceNow CSM.pdf
Enhanced Operational Productivity with ServiceNow CSM.pdfEnhanced Operational Productivity with ServiceNow CSM.pdf
Enhanced Operational Productivity with ServiceNow CSM.pdf
 

Recently uploaded

“Iamnobody89757” Understanding the Mysterious of Digital Identity.pdf
“Iamnobody89757” Understanding the Mysterious of Digital Identity.pdf“Iamnobody89757” Understanding the Mysterious of Digital Identity.pdf
“Iamnobody89757” Understanding the Mysterious of Digital Identity.pdf
Muhammad Subhan
 
TrustArc Webinar - Unified Trust Center for Privacy, Security, Compliance, an...
TrustArc Webinar - Unified Trust Center for Privacy, Security, Compliance, an...TrustArc Webinar - Unified Trust Center for Privacy, Security, Compliance, an...
TrustArc Webinar - Unified Trust Center for Privacy, Security, Compliance, an...
TrustArc
 
Easier, Faster, and More Powerful – Alles Neu macht der Mai -Wir durchleuchte...
Easier, Faster, and More Powerful – Alles Neu macht der Mai -Wir durchleuchte...Easier, Faster, and More Powerful – Alles Neu macht der Mai -Wir durchleuchte...
Easier, Faster, and More Powerful – Alles Neu macht der Mai -Wir durchleuchte...
panagenda
 
Tales from a Passkey Provider Progress from Awareness to Implementation.pptx
Tales from a Passkey Provider  Progress from Awareness to Implementation.pptxTales from a Passkey Provider  Progress from Awareness to Implementation.pptx
Tales from a Passkey Provider Progress from Awareness to Implementation.pptx
FIDO Alliance
 
Harnessing Passkeys in the Battle Against AI-Powered Cyber Threats.pptx
Harnessing Passkeys in the Battle Against AI-Powered Cyber Threats.pptxHarnessing Passkeys in the Battle Against AI-Powered Cyber Threats.pptx
Harnessing Passkeys in the Battle Against AI-Powered Cyber Threats.pptx
FIDO Alliance
 

Recently uploaded (20)

Intro to Passkeys and the State of Passwordless.pptx
Intro to Passkeys and the State of Passwordless.pptxIntro to Passkeys and the State of Passwordless.pptx
Intro to Passkeys and the State of Passwordless.pptx
 
How we scaled to 80K users by doing nothing!.pdf
How we scaled to 80K users by doing nothing!.pdfHow we scaled to 80K users by doing nothing!.pdf
How we scaled to 80K users by doing nothing!.pdf
 
“Iamnobody89757” Understanding the Mysterious of Digital Identity.pdf
“Iamnobody89757” Understanding the Mysterious of Digital Identity.pdf“Iamnobody89757” Understanding the Mysterious of Digital Identity.pdf
“Iamnobody89757” Understanding the Mysterious of Digital Identity.pdf
 
Introduction to FIDO Authentication and Passkeys.pptx
Introduction to FIDO Authentication and Passkeys.pptxIntroduction to FIDO Authentication and Passkeys.pptx
Introduction to FIDO Authentication and Passkeys.pptx
 
WebRTC and SIP not just audio and video @ OpenSIPS 2024
WebRTC and SIP not just audio and video @ OpenSIPS 2024WebRTC and SIP not just audio and video @ OpenSIPS 2024
WebRTC and SIP not just audio and video @ OpenSIPS 2024
 
TrustArc Webinar - Unified Trust Center for Privacy, Security, Compliance, an...
TrustArc Webinar - Unified Trust Center for Privacy, Security, Compliance, an...TrustArc Webinar - Unified Trust Center for Privacy, Security, Compliance, an...
TrustArc Webinar - Unified Trust Center for Privacy, Security, Compliance, an...
 
Portal Kombat : extension du réseau de propagande russe
Portal Kombat : extension du réseau de propagande russePortal Kombat : extension du réseau de propagande russe
Portal Kombat : extension du réseau de propagande russe
 
State of the Smart Building Startup Landscape 2024!
State of the Smart Building Startup Landscape 2024!State of the Smart Building Startup Landscape 2024!
State of the Smart Building Startup Landscape 2024!
 
Easier, Faster, and More Powerful – Alles Neu macht der Mai -Wir durchleuchte...
Easier, Faster, and More Powerful – Alles Neu macht der Mai -Wir durchleuchte...Easier, Faster, and More Powerful – Alles Neu macht der Mai -Wir durchleuchte...
Easier, Faster, and More Powerful – Alles Neu macht der Mai -Wir durchleuchte...
 
Tales from a Passkey Provider Progress from Awareness to Implementation.pptx
Tales from a Passkey Provider  Progress from Awareness to Implementation.pptxTales from a Passkey Provider  Progress from Awareness to Implementation.pptx
Tales from a Passkey Provider Progress from Awareness to Implementation.pptx
 
How to Check CNIC Information Online with Pakdata cf
How to Check CNIC Information Online with Pakdata cfHow to Check CNIC Information Online with Pakdata cf
How to Check CNIC Information Online with Pakdata cf
 
ADP Passwordless Journey Case Study.pptx
ADP Passwordless Journey Case Study.pptxADP Passwordless Journey Case Study.pptx
ADP Passwordless Journey Case Study.pptx
 
TopCryptoSupers 12thReport OrionX May2024
TopCryptoSupers 12thReport OrionX May2024TopCryptoSupers 12thReport OrionX May2024
TopCryptoSupers 12thReport OrionX May2024
 
2024 May Patch Tuesday
2024 May Patch Tuesday2024 May Patch Tuesday
2024 May Patch Tuesday
 
Oauth 2.0 Introduction and Flows with MuleSoft
Oauth 2.0 Introduction and Flows with MuleSoftOauth 2.0 Introduction and Flows with MuleSoft
Oauth 2.0 Introduction and Flows with MuleSoft
 
TEST BANK For, Information Technology Project Management 9th Edition Kathy Sc...
TEST BANK For, Information Technology Project Management 9th Edition Kathy Sc...TEST BANK For, Information Technology Project Management 9th Edition Kathy Sc...
TEST BANK For, Information Technology Project Management 9th Edition Kathy Sc...
 
Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...
Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...
Event-Driven Architecture Masterclass: Integrating Distributed Data Stores Ac...
 
Google I/O Extended 2024 Warsaw
Google I/O Extended 2024 WarsawGoogle I/O Extended 2024 Warsaw
Google I/O Extended 2024 Warsaw
 
(Explainable) Data-Centric AI: what are you explaininhg, and to whom?
(Explainable) Data-Centric AI: what are you explaininhg, and to whom?(Explainable) Data-Centric AI: what are you explaininhg, and to whom?
(Explainable) Data-Centric AI: what are you explaininhg, and to whom?
 
Harnessing Passkeys in the Battle Against AI-Powered Cyber Threats.pptx
Harnessing Passkeys in the Battle Against AI-Powered Cyber Threats.pptxHarnessing Passkeys in the Battle Against AI-Powered Cyber Threats.pptx
Harnessing Passkeys in the Battle Against AI-Powered Cyber Threats.pptx
 

Acknowledging ServiceNow GRC's Potential for Transformation.pdf

  • 1. Acknowledging ServiceNow GRC's Potential for Transformation ServiceNow GRC is a cloud-based platform that provides a complete and integrated solution for managing regulatory compliance, risk mitigation, and governance operations inside a business. It serves as a consolidated hub for automating workflows, optimizing compliance procedures, and delivering real-time analytics. ServiceNow GRC improves decision-making, facilitates cross-departmental cooperation, and future-proofs compliance activities by including features such as policy management, risk assessments, and audit preparation. ServiceNow GRC becomes more than simply a tool rather, it becomes a catalyst for organizational excellence as more and more companies realize how important it is to manage GRC effectively. Through the use of its diverse benefits, companies may transform GRC from a compliance-focused role to a strategic facilitator of achievement, adaptability, and continuous expansion in a constantly changing commercial landscape. Advantages of ServiceNow GRC, Businesses can utilize: Automating compliance activities. One of the key benefits of ServiceNow GRC is its ability to simplify compliance operations. The platform serves as a consolidated repository, bringing together many regulatory requirements, standards, and frameworks into a single perspective. This unification streamlines the sometimes complex process of managing multiple compliance duties, ensuring that firms have a clear grasp of the regulations they must follow. Realtime Monitoring and Reporting ServiceNow GRC provides enterprises with real-time monitoring and reporting capabilities. This benefit is especially important in an environment where compliance is a continuous, dynamic process. The platform has customizable dashboards that provide a birds-eye perspective of an organization's compliance status. Decision-makers may quickly get insights into existing compliance levels, identify prospective risks, and estimate the effect of noncompliance. Automated Workflows for Improved Efficiency Automation is a key component of the ServiceNow GRC advantage. The platform's automated workflows go beyond compliance and include risk management, policy adherence, and audit procedures. By automating common procedures and approvals, firms may drastically save manual labor, improve accuracy, and maintain consistency throughout their GRC activities. Improved Risk Management Effective risk management is an important aspect of GRC, and ServiceNow GRC shines in this area. The platform offers enterprises a systematic method of risk identification, assessment, and mitigation. ServiceNow GRC helps firms gain a holistic knowledge of their risk landscape by centralizing risk-related information. Enhanced departmental collaboration ServiceNow GRC serves as a collaboration center, encouraging communication and cooperation among the many departments participating in GRC initiatives. This benefit is especially important because GRC is not limited to a single department; it requires
  • 2. coordination among risk managers, compliance officers, IT specialists, and other stakeholders. Conclusion To sum up, ServiceNow GRC is a revolutionary tool for governance, risk, and compliance with many benefits that go beyond simple compliance with regulations. Through automation of workflows, real-time monitoring, simplification of compliance operations, and improved risk management, the platform puts enterprises in a position to not only achieve compliance obligations today but also prosper in the face of complicated regulations.