The document provides guidance on selecting governance, risk management, and compliance (GRC) software. It discusses defining goals for GRC implementation, conducting vendor evaluations, and criteria for assessing vendors such as implementation requirements, functionality, ease of use, reporting capabilities, and return on investment potential. The guide recommends evaluating vendors through demonstrations of their software to understand how well their solutions meet organizational needs.
Enterprise Risk Management Software and management system for Business continuity program. This Risk assessment and Indecent Management software is a perfect BCP solution
Excel can be a useful initial tool for compliance management, but has limitations. It works well for a single domain in the first year, but struggles as the compliance scope expands to multiple domains or years. Key challenges with Excel include lack of central evidence repository, version control, oversight of the control mapping process, and ensuring all teams use consistent processes. The document provides tips on when Excel is no longer sufficient and recommends a more comprehensive compliance solution for programs with 3 or more domains or that have expanded in scope beyond the initial launch.
This document discusses the importance of having an appropriate SAP role design as the foundation for GRC and IAM tools. It states that outdated or inappropriate role designs provide users with too much access, diminishing the effectiveness of these tools. The document outlines how access control and identity access management solutions are negatively impacted by a poor underlying role design. It describes that a role cleanup or redesign is needed to properly address inappropriate role designs. A cleanup is quicker but a redesign allows incorporating new access requirements and controls over time. Having a proper role design is central to extracting value from GRC/IAM investments and achieving a secure SAP environment.
SAP Security – Dealing with the Internal Threat of Working from HomeDudley Cartwright
Will working from home be the new normal? We look at the massive shift COVID-19 brought to our workplaces and identify five SAP security activities that organizations should consider to minimize the risk of the internal threat associated with remote working.
If you’d like to know how Soterion can assist you with managing SAP security issues discussed in this presentation please email info@soterion.com or connect with me via LinkedIn. We look forward to assisting you.
Regulatory, as well as corporate compliance requirements, demand organizations to conform to a large number of rules, laws, policies, and standards.
Corporater's compliance management software helps you in enhancing your organization's performance by empowering your organization with a unified approach that integrates all your compliance processes and linking it back to the organization strategy.
You get a continuous insight into the status of the compliance and controls, thereby enabling you to improve the compliance and business process quality.
For more information, click here - http://bit.ly/2Prvf9C
Accelus Audit Manager - AutoAudit is an internal audit management software that helps audit teams improve efficiency, effectiveness, and insights. It provides features to manage risk assessment, planning, issue tracking, and reporting. AutoAudit allows audit teams to automate processes, focus on strategic insights, and provide documentation and reports quickly through integrated templates and a centralized database. Implementing AutoAudit empowers audit teams to simplify processes and deliver deeper organizational insights through a consistent audit methodology.
The document discusses selecting safety management software. It notes that such software consolidates large amounts of EH&S data from various sources into a central location. It outlines a six-step process for selecting a suitable supplier and solution, including identifying goals and requirements, choosing a software type, evaluating suppliers, selecting a supplier/solution, and implementing the system. Finally, it emphasizes that properly implementing and supporting the chosen software is essential to achieving improved business performance.
The document discusses whether small to mid-sized enterprises (SMEs) should upgrade to Windows Server 2008 and Windows Vista SP1 simultaneously. While Microsoft recommends upgrading to both at the same time, most experts advise upgrading them separately. They recommend first upgrading to Windows Server 2008 for its management and monitoring tools to aid the Windows Vista SP1 desktop upgrade later. Upgrading servers is faster than workstations, and qualifying applications for Vista SP1 takes time. Experts say to plan carefully, test upgrades, and have rollback plans to ensure business continuity when upgrading operating systems.
Enterprise Risk Management Software and management system for Business continuity program. This Risk assessment and Indecent Management software is a perfect BCP solution
Excel can be a useful initial tool for compliance management, but has limitations. It works well for a single domain in the first year, but struggles as the compliance scope expands to multiple domains or years. Key challenges with Excel include lack of central evidence repository, version control, oversight of the control mapping process, and ensuring all teams use consistent processes. The document provides tips on when Excel is no longer sufficient and recommends a more comprehensive compliance solution for programs with 3 or more domains or that have expanded in scope beyond the initial launch.
This document discusses the importance of having an appropriate SAP role design as the foundation for GRC and IAM tools. It states that outdated or inappropriate role designs provide users with too much access, diminishing the effectiveness of these tools. The document outlines how access control and identity access management solutions are negatively impacted by a poor underlying role design. It describes that a role cleanup or redesign is needed to properly address inappropriate role designs. A cleanup is quicker but a redesign allows incorporating new access requirements and controls over time. Having a proper role design is central to extracting value from GRC/IAM investments and achieving a secure SAP environment.
SAP Security – Dealing with the Internal Threat of Working from HomeDudley Cartwright
Will working from home be the new normal? We look at the massive shift COVID-19 brought to our workplaces and identify five SAP security activities that organizations should consider to minimize the risk of the internal threat associated with remote working.
If you’d like to know how Soterion can assist you with managing SAP security issues discussed in this presentation please email info@soterion.com or connect with me via LinkedIn. We look forward to assisting you.
Regulatory, as well as corporate compliance requirements, demand organizations to conform to a large number of rules, laws, policies, and standards.
Corporater's compliance management software helps you in enhancing your organization's performance by empowering your organization with a unified approach that integrates all your compliance processes and linking it back to the organization strategy.
You get a continuous insight into the status of the compliance and controls, thereby enabling you to improve the compliance and business process quality.
For more information, click here - http://bit.ly/2Prvf9C
Accelus Audit Manager - AutoAudit is an internal audit management software that helps audit teams improve efficiency, effectiveness, and insights. It provides features to manage risk assessment, planning, issue tracking, and reporting. AutoAudit allows audit teams to automate processes, focus on strategic insights, and provide documentation and reports quickly through integrated templates and a centralized database. Implementing AutoAudit empowers audit teams to simplify processes and deliver deeper organizational insights through a consistent audit methodology.
The document discusses selecting safety management software. It notes that such software consolidates large amounts of EH&S data from various sources into a central location. It outlines a six-step process for selecting a suitable supplier and solution, including identifying goals and requirements, choosing a software type, evaluating suppliers, selecting a supplier/solution, and implementing the system. Finally, it emphasizes that properly implementing and supporting the chosen software is essential to achieving improved business performance.
The document discusses whether small to mid-sized enterprises (SMEs) should upgrade to Windows Server 2008 and Windows Vista SP1 simultaneously. While Microsoft recommends upgrading to both at the same time, most experts advise upgrading them separately. They recommend first upgrading to Windows Server 2008 for its management and monitoring tools to aid the Windows Vista SP1 desktop upgrade later. Upgrading servers is faster than workstations, and qualifying applications for Vista SP1 takes time. Experts say to plan carefully, test upgrades, and have rollback plans to ensure business continuity when upgrading operating systems.
Edge wave 6 Important Steps to Evaluating a Web Filtering SolutionCMR WORLD TECH
To evaluate a web filtering solution, an organization should: 1) Understand its internet policy and enforceability needs, 2) Determine stakeholder roles and privileges, 3) Decide where to implement the filter on the network for optimal performance, and 4) Evaluate solutions hands-on to assess criteria like ease of use, integration, and total cost of ownership. Choosing a solution that installs easily, requires no extra hardware/software, seamlessly integrates, and minimizes administration will save money while providing comprehensive protection.
Allgress | Industry Proven Risk and Compliance ManagementCIO Look Magazine
Allgress, eliminates hassle & streamlines process for you, so you can feel confident in your compliance management because it bridges the gap between you
Governance Center for SharePoint - Sept09-2Anders Skjønaa
This is an update of the recently published presentation, with some minor corrections, typos etc. Covers Governance Center for SharePoint and how The Governance Framework for sharePoint is used to enable organizations to manage complex SharePoint environments.
The document describes CMLgroup's GRCaaS solution, which provides tools to build an efficient enterprise governance, risk, and compliance program. GRCaaS allows users to manage risk, demonstrate compliance, automate processes, and access real-time dashboards. It provides a framework for risk management, policy management, vulnerability scanning, vendor management, process tracking, auditing, reporting, training, and incident management. The solution aims to simplify and automate GRC tasks using a customizable and role-based interface with no software to install. It runs on the Salesforce platform and offers optional consulting services.
We are FixNix, born on a vision to democratize the Governance, Risk and Compliance(GRC) vertical. GRC is a very niche area and there are very few companies doing this in market. Within one year of inception, we have cracked Microsoft Bizspark Challenge and IEEE Best Cloud Startup awards.
We master in developing mature and tailored GRC solutions and offer them as a SaaS model. We have launched our product before 6 months and we are successful by achieving enterprise clients like Cipla, Mphasis, GMR, E&Y with on-premise deployments and a couple of SMBs with SaaS sign ups.
The document discusses a company called FixNix that provides a governance, risk management, and compliance (GRC) software solution. It outlines challenges with traditional GRC tools, such as lack of integration and visibility. FixNix's cloud-based solution aims to address these challenges by providing enhanced control, compliance, risk management, and supply chain visibility. The document also notes that FixNix's solution has benefits like zero setup time, mobility, flexibility and affordability. It concludes by presenting data showing that SaaS GRC solutions can provide long-term cost savings compared to on-premise models.
Regulatory rules and requirements are constantly changing, making compliance a moving target. This is particularly true in terms of those that impact information security and, increasingly, data security in the cloud. At the same time, regulators are asking for greater transparency and more detailed documentation, stepping up enforcement of the various rules and requirements and raising penalties for noncompliance.
The document discusses the need for a new web-based financial modeling platform to address risks and issues with traditional spreadsheet-based modeling. Such a platform would provide compliance with regulations, assurance of data integrity, return on investment, and efficient processes. It would formalize modeling artifacts and transactions to speed up analysis, simplify communication, and reduce errors and fraud compared to error-prone spreadsheets. Adopting such a platform could help organizations gain competitive advantages through more accurate and timely insights.
Why project erp is a worthwhile investment for cros: ENSURING ROI.ARITHMOS
To stay competitive, CROs need to focus on efficient project management and operational excellence. A project-based Enterprise Resource Planning (ERP) provides better organization, document management, scheduling and resource planning and communication.
360factors is a cloud based regulatory risk and compliance management Software Company. Our cognitive technologies to provide regulatory insights predict risks and improve operational excellence, sustainability and margins for Banking, Finance, Oil & Gas, EHS, Power and Utilities, IT and many other industries.
The IT Auditing Series is a series of 10 2-hour webinars.
The study program consists of 5 modules Basic and 5 modules Advanced spanning a broad range of topics and issues in the IT Auditing field. The emphasis in all webinars is therefore on practical aspects, of Internal Auditing.
The course content is based upon ISACA Framework which has been accepted world-wide as the basis of skills and competencies required for all IT Auditors.
This session covers audit use of CAATs
NEMEA Compliance Center - the most powerful survey creation, management, and reporting solution available. It intuitively collects responses, writes, and produces standardized regulatory compliance reports. In fact, it even supports the use of many different standards at once. Our compliance software has a fully featured user-interface that lets you rapidly compare the laws and regulations that govern your industry and business.
CPO Consulting offers IT solutions using analytics, collaboration tools, and process improvement techniques. They use Six Sigma methods like define, measure, analyze, improve and control, along with the 4C's methodology to optimize workflow and provide information to help executives make informed decisions. When new projects or business changes occur, stretched IT teams can implement inexpensive wiki applications for rapid deployment with a low learning curve to fill resource gaps until long term solutions are implemented.
This document discusses how technology continues to revolutionize auditing. It provides a historical timeline of the internet and how auditors have adopted technology. Early adopters innovated with new methods using computers as auditing tools while laggards were more cautious. The impact of technologies like mobile computing, cloud services, and social media are described. The document outlines categories of audit software and tools that can support the audit process. It discusses trends in technology and their impact on auditing, including the need for auditors to have new technical skills. Overall it argues that technology will significantly affect auditing roles and practices in the future.
The mantra for every senior management is to ensure that every penny counts in the management of their company. Instead of looking for various cost saving measures, one could increase the return on investment and maximise business benefits with the Enterprise Resource Planning (ERP) programme such as SAP, Oracle or PeopleSoft.
Article Source: http://EzineArticles.com/9023344
1) Accenture's Internal Audit function faced challenges keeping up with the company's growth and needed to digitize processes to increase efficiency and coverage.
2) They implemented a new Global Risk and Compliance software, used analytics to enable continuous auditing, and Microsoft Dynamics CRM for continuous risk assessment.
3) These digital tools allowed Internal Audit to significantly increase the number and types of services provided while improving productivity and reducing costs.
The document discusses the Governance Portal, a software solution that helps companies strengthen risk culture and compliance. It provides an integrated platform that enables risk and control self-assessment, regulatory alerts, and communication of risk frameworks. The portal helps clients quickly execute compliance efficiently, create sustainability, and add value. It is a market-leading governance, risk, and compliance platform used by hundreds of clients worldwide.
This document provides an overview of SAP, including:
- SAP stands for Systems, Applications and Products in Data Processing and is an integrated software that tracks business processes through one application.
- SAP uses an authorization concept with three levels of security - transaction code, authorization object, and user authorization - to control user access.
- When auditing IT general controls in SAP, it is important to consider controls around access management, change management, and computer operations due to the complexity of security in SAP.
- Key risks include segregation of duties due to financial transactions throughout the business, and complex access controls.
FixNix aims to develop a GRC Suite leveraging latest technologies. Their GRC Suite would comprise modules for audit management, risk management, asset management, policy management, security incident management, compliance management, fraud management, business continuity management, vendor management, and contract management. It aims to provide customizable, configurable, and easy to use tools to automate GRC processes and provide integrated dashboards and reporting across all modules.
Edge wave 6 Important Steps to Evaluating a Web Filtering SolutionCMR WORLD TECH
To evaluate a web filtering solution, an organization should: 1) Understand its internet policy and enforceability needs, 2) Determine stakeholder roles and privileges, 3) Decide where to implement the filter on the network for optimal performance, and 4) Evaluate solutions hands-on to assess criteria like ease of use, integration, and total cost of ownership. Choosing a solution that installs easily, requires no extra hardware/software, seamlessly integrates, and minimizes administration will save money while providing comprehensive protection.
Allgress | Industry Proven Risk and Compliance ManagementCIO Look Magazine
Allgress, eliminates hassle & streamlines process for you, so you can feel confident in your compliance management because it bridges the gap between you
Governance Center for SharePoint - Sept09-2Anders Skjønaa
This is an update of the recently published presentation, with some minor corrections, typos etc. Covers Governance Center for SharePoint and how The Governance Framework for sharePoint is used to enable organizations to manage complex SharePoint environments.
The document describes CMLgroup's GRCaaS solution, which provides tools to build an efficient enterprise governance, risk, and compliance program. GRCaaS allows users to manage risk, demonstrate compliance, automate processes, and access real-time dashboards. It provides a framework for risk management, policy management, vulnerability scanning, vendor management, process tracking, auditing, reporting, training, and incident management. The solution aims to simplify and automate GRC tasks using a customizable and role-based interface with no software to install. It runs on the Salesforce platform and offers optional consulting services.
We are FixNix, born on a vision to democratize the Governance, Risk and Compliance(GRC) vertical. GRC is a very niche area and there are very few companies doing this in market. Within one year of inception, we have cracked Microsoft Bizspark Challenge and IEEE Best Cloud Startup awards.
We master in developing mature and tailored GRC solutions and offer them as a SaaS model. We have launched our product before 6 months and we are successful by achieving enterprise clients like Cipla, Mphasis, GMR, E&Y with on-premise deployments and a couple of SMBs with SaaS sign ups.
The document discusses a company called FixNix that provides a governance, risk management, and compliance (GRC) software solution. It outlines challenges with traditional GRC tools, such as lack of integration and visibility. FixNix's cloud-based solution aims to address these challenges by providing enhanced control, compliance, risk management, and supply chain visibility. The document also notes that FixNix's solution has benefits like zero setup time, mobility, flexibility and affordability. It concludes by presenting data showing that SaaS GRC solutions can provide long-term cost savings compared to on-premise models.
Regulatory rules and requirements are constantly changing, making compliance a moving target. This is particularly true in terms of those that impact information security and, increasingly, data security in the cloud. At the same time, regulators are asking for greater transparency and more detailed documentation, stepping up enforcement of the various rules and requirements and raising penalties for noncompliance.
The document discusses the need for a new web-based financial modeling platform to address risks and issues with traditional spreadsheet-based modeling. Such a platform would provide compliance with regulations, assurance of data integrity, return on investment, and efficient processes. It would formalize modeling artifacts and transactions to speed up analysis, simplify communication, and reduce errors and fraud compared to error-prone spreadsheets. Adopting such a platform could help organizations gain competitive advantages through more accurate and timely insights.
Why project erp is a worthwhile investment for cros: ENSURING ROI.ARITHMOS
To stay competitive, CROs need to focus on efficient project management and operational excellence. A project-based Enterprise Resource Planning (ERP) provides better organization, document management, scheduling and resource planning and communication.
360factors is a cloud based regulatory risk and compliance management Software Company. Our cognitive technologies to provide regulatory insights predict risks and improve operational excellence, sustainability and margins for Banking, Finance, Oil & Gas, EHS, Power and Utilities, IT and many other industries.
The IT Auditing Series is a series of 10 2-hour webinars.
The study program consists of 5 modules Basic and 5 modules Advanced spanning a broad range of topics and issues in the IT Auditing field. The emphasis in all webinars is therefore on practical aspects, of Internal Auditing.
The course content is based upon ISACA Framework which has been accepted world-wide as the basis of skills and competencies required for all IT Auditors.
This session covers audit use of CAATs
NEMEA Compliance Center - the most powerful survey creation, management, and reporting solution available. It intuitively collects responses, writes, and produces standardized regulatory compliance reports. In fact, it even supports the use of many different standards at once. Our compliance software has a fully featured user-interface that lets you rapidly compare the laws and regulations that govern your industry and business.
CPO Consulting offers IT solutions using analytics, collaboration tools, and process improvement techniques. They use Six Sigma methods like define, measure, analyze, improve and control, along with the 4C's methodology to optimize workflow and provide information to help executives make informed decisions. When new projects or business changes occur, stretched IT teams can implement inexpensive wiki applications for rapid deployment with a low learning curve to fill resource gaps until long term solutions are implemented.
This document discusses how technology continues to revolutionize auditing. It provides a historical timeline of the internet and how auditors have adopted technology. Early adopters innovated with new methods using computers as auditing tools while laggards were more cautious. The impact of technologies like mobile computing, cloud services, and social media are described. The document outlines categories of audit software and tools that can support the audit process. It discusses trends in technology and their impact on auditing, including the need for auditors to have new technical skills. Overall it argues that technology will significantly affect auditing roles and practices in the future.
The mantra for every senior management is to ensure that every penny counts in the management of their company. Instead of looking for various cost saving measures, one could increase the return on investment and maximise business benefits with the Enterprise Resource Planning (ERP) programme such as SAP, Oracle or PeopleSoft.
Article Source: http://EzineArticles.com/9023344
1) Accenture's Internal Audit function faced challenges keeping up with the company's growth and needed to digitize processes to increase efficiency and coverage.
2) They implemented a new Global Risk and Compliance software, used analytics to enable continuous auditing, and Microsoft Dynamics CRM for continuous risk assessment.
3) These digital tools allowed Internal Audit to significantly increase the number and types of services provided while improving productivity and reducing costs.
The document discusses the Governance Portal, a software solution that helps companies strengthen risk culture and compliance. It provides an integrated platform that enables risk and control self-assessment, regulatory alerts, and communication of risk frameworks. The portal helps clients quickly execute compliance efficiently, create sustainability, and add value. It is a market-leading governance, risk, and compliance platform used by hundreds of clients worldwide.
This document provides an overview of SAP, including:
- SAP stands for Systems, Applications and Products in Data Processing and is an integrated software that tracks business processes through one application.
- SAP uses an authorization concept with three levels of security - transaction code, authorization object, and user authorization - to control user access.
- When auditing IT general controls in SAP, it is important to consider controls around access management, change management, and computer operations due to the complexity of security in SAP.
- Key risks include segregation of duties due to financial transactions throughout the business, and complex access controls.
FixNix aims to develop a GRC Suite leveraging latest technologies. Their GRC Suite would comprise modules for audit management, risk management, asset management, policy management, security incident management, compliance management, fraud management, business continuity management, vendor management, and contract management. It aims to provide customizable, configurable, and easy to use tools to automate GRC processes and provide integrated dashboards and reporting across all modules.
The document discusses Expertool's GRC Acceleration solution which helps companies more quickly implement and update governance, risk, and compliance (GRC) systems. It does this by optimizing required human tasks, defining automation requirements, and supporting GRC content governance. The solution provides deliverables like analyzing GRC architecture and content, prototyping business rules, and establishing a content governance environment to reduce the time and effort of GRC system implementation and maintenance.
A Security hole in an application can cause not only major financial loss but also loss of customer confidence, trust and reputation severely impacting the business. This webinar looks at well-established industry practices to identify and secure applications from breaches while adhering with regulatory compliances.
FulcrumWay - Ed. Webinar - Identify and Eliminate False Positives from your S...FulcrumWay
This Education Webinar presentation was to learn to Identify and Eliminate False Positives from your Segregation of Duty Audit Report. Segregation of Duties (SOD) controls over business transactions and sensitive data provide an effective safeguard against financial misstatement risks, fraud and operational losses. Big-4 Audit Firms include SOD testing in their audit plan, as well as many organizations have invested in internal SOD tools to provide continuous monitoring of application access controls. However, SOD Audit Reports contain many False Positive issues that can bog down ERP Applications, Finance and Internal Audit teams. Therefore, identifying and eliminating False Positives is a key step in the SOD risk management approach. In this educational webinar you will learn how to identify false positives that are generated due to the complexity of the Oracle EBS security model. We will provide a checklist of “known” False Positives as well as provide you an approach to identify “unknown” False Positives resulting from overriding securing attributes; for example, a “Buyer” Profile Option is required to Create Purchase Order entitlements in Oracle EBS. You will learn the latest techniques to eliminate False Positive violations using “filters” in the SOD tool and reports based on our recent client case studies. We will also share some examples of SOD Analytics Reports that can help you track your SOD Remediation Plan after you remove the False Positives. Introduction • Inherent False Positives in Oracle EBS Security Model • Checklist of Global False Positives • Systematic Approach for Identifying False Positives • SOD Analytics for Remediation Analysis • Case Study • Q&A Join us for this webinar if your role and responsibilities include: • Chief Security Officers • System Administrators • Oracle EBS Consultants • Oracle GRC Advanced Controls Administrator • Compliance (SOX) & Control Manager • Internal Auditors & External Auditors Our ERP advisors have 20+ years of experience in Oracle EBS, System Audits, SOX Compliance, Oracle GRC Implementations & IT Governance at Big-4, Oracle and/or NYSE/NASDAQ public co.
Information technology has significantly impacted the accounting discipline by introducing new ways to retrieve and process performance and control information. IT systems like ERP separate financial from non-financial data, enabling better accounting. However, they also provide new potential for management control as data becomes more shareable. Information system auditing evaluates information systems to assess control effectiveness and adequacy in helping an organization achieve its objectives. It identifies risks from IT usage and suggests control improvements. Key elements of IS audits include assessing data, applications, technology, facilities, people, and reviewing system administration, software, network security, business continuity, and data integrity.
The document describes jComply, a governance, risk and compliance software platform. It allows users to manage policies and procedures, perform risk assessments, ensure compliance and audit functions, track incidents and accidents, and provide training. The platform integrates various modules to help companies improve performance, reduce costs, and develop a positive compliance culture while achieving regulatory requirements.
The presentation sheds light on the concept of GRC (Governance, Risk and Compliance). Features associated to GRC, such as - its history, its impact on businesses, types etc are covered here.
Here is the list of the topics covered:
1. How was GRC developed?
2. What exactly is GRC?
3. The role of GRC in ISMS
4. Impact of GRC
5. Types of GRC
6. The role IT-GRC in IT-RMC
7. IT-GRC Foundation
8. Why to deploy IT-GRC Management System?
This document provides a company profile for DFLabs, an ISO-certified cybersecurity firm. DFLabs specializes in information security governance, risk, and compliance. The company provides IT risk management frameworks, incident response services, digital forensics, and security consulting. DFLabs operates globally from headquarters in Northern Italy and has Fortune 100 customers. The company focuses on closing the gap between growing security risks and organizations' capacity to respond through an integrated IT governance framework.
Improving the Integration Process of Large Software SystemsYujuan Jiang
This document summarizes a research paper about improving the integration process of large software systems. The paper analyzes why integration often fails, such as long review times and low acceptance rates of patches. It also tracks the evolution process of patches over time. Additionally, the paper proposes a solution called ISOMO that aims to quantify the costs of integration, such as merge costs and maintenance costs, to determine if a potential integration is worth the effort. The goal is to help integrators better understand the risks and costs of integrating new code.
This document outlines considerations for implementing an IT governance, risk management, and compliance (IT GRC) program. It discusses problems with existing inefficient and complex compliance processes. The proposed solution involves adopting a common framework using people, processes, and technology. This includes identifying stakeholders, developing assessment processes, mapping controls to assets, and establishing an IT asset repository. The roadmap details a phased approach over multiple years starting with basic assessments and moving to enhanced reporting, risk assessments, and integration with other programs. Key benefits include improved quality, efficiency, and engagement while challenges include change management and an incremental approach.
This document discusses an enterprise governance, risk, and compliance solution for controlling the flow of export-controlled technical documents and data. It describes how current approaches like perimeter security, operating system controls, and document management systems are insufficient on their own. The proposed solution integrates IBM Tivoli Identity Manager, NextLabs Data Protection, and SAP GRC Global Trade Services to identify, control, and audit technical data access and movement across organizations in order to ensure and demonstrate compliance with regulations like ITAR and EAR. This comprehensive solution aims to help aerospace, defense, and industrial companies minimize risks from inappropriate data disclosure and streamline compliance.
This document provides information about Kelley Boutoille's experience in RSA Archer development, GRC strategy consulting, and risk management. She has over 15 years of experience in these fields, including positions as a principal consultant, program manager, manager, and developer. She has extensive experience developing and configuring RSA Archer solutions for a variety of industries. She offers RSA Archer development, strategy consulting, and technical skills including Archer versions 4.x and 5.x, web design, and risk management.
This rubric evaluates software based on 9 criteria: content, design, functionality, instructional design, interactivity, assessment, usability, technology, and accessibility. Software receives higher scores for providing accurate, reliable content aligned to standards. It also scores well for intuitive navigation, multimedia enhancements, feedback and support for learners, and easy integration into classroom activities. The rubric assesses whether the software engages students and allows teachers to track progress.
Infographic: Four Steps to Measuring Mobile ROIKony, Inc.
This document outlines four steps to measure mobile ROI:
1. Define objectives - Determine if the goal is to influence customers or improve workplace efficiency
2. Evaluate interactions and efficiencies - Measure impacts on areas like sales, supply chain, field service and asset management
3. Give apps measurable KPIs - Calculate metrics like influence rate, retention rate, and acquisition rate to quantify app impacts
4. Weigh measurements against costs - Determine an app's net present value, compare benefits to costs over 5 years, and calculate ROI
This document provides an overview and analysis of Forrester's evaluation of 13 enterprise governance, risk, and compliance (GRC) platform vendors. Forrester identified BWise, MetricStream, IBM OpenPages, and RSA Archer as Leaders based on the strength of their current product offerings and GRC strategies. Eight vendors - ARC Logics, Compliance 360, Mega, Methodware, Protiviti, SAP, SAS, and Thomson Reuters - were rated as Strong Performers. Enablon was rated as a Contender. The evaluation assessed vendors' GRC capabilities, strategies, and market presence to evaluate their positions in the GRC platform market.
Steps to successful technology implementationLisaWells
The document outlines the key steps and factors for successful technology implementation in schools, including exploration, adoption, installation, implementation, innovation, and sustainability. It emphasizes the importance of ongoing professional development, strong leadership by administrators who model learning and support teachers, and ensuring teachers have adequate resources like financial support, time for planning and collaboration. Facilitators like professional development, leadership, school structure and available resources can help implementation, but need careful planning to avoid becoming barriers.
The document discusses ARM workflows in SAP GRC Access Controls. It provides an overview of key concepts like MSMP, the new workflow engine, and BRF+, the business rules framework. It then details the various steps to create an ARM workflow, including defining initiator and agent rules using BRF+, configuring paths and approvers in MSMP, and activating the workflow.
Advantages and disadvantages of evaluation checklists and how to use them to improve evaluation practice. Presented at USF Center for Research, Evaluation, Assessment, and Measurement.
ServiceNow Governance, Risk, and Compliance Jade Global
ServiceNow Governance, Risk, and Compliance (GRC) helps transform inefficient processes across your extended enterprise into an integrated risk program
This document discusses SAP GRC Process Control, which provides a centralized controls framework to help organizations manage risks, compliance, and governance. It automates control documentation, testing, monitoring, and reporting. The benefits of SAP GRC Process Control include reduced costs, more effective use of resources, and improved visibility and coverage of risks. As organizations grow and change, their control processes need to adapt. SAP GRC Process Control offers a more automated and continuous approach to help control processes keep pace with organizational changes.
ServiceNow's customer service management training objective is to comprehend and acquire a comprehension of current help designs and decide normal issues that can be effortlessly mechanized in their ServiceNow framework. Our coaches are here to make you construct skill in you.Want to have an astonishing profession in ServiceNow? You’re perfectly located. We are accomplished in especially on this ServiceNow stage for different sorts of administrations presented by ServiceNow organization and preparing something similar to hopefuls. Go along with us to construct your vocation.
The document discusses SAP GRC Process Control, which is a software solution that helps companies manage governance, risk, and compliance. It acts as an organization's "controls hub" by enabling documentation of controls and policies, managing control testing and scope, evaluating control design and effectiveness, monitoring controls automatically, and providing reporting and insights. SAP GRC Process Control provides a comprehensive and integrated way for companies using SAP systems to manage controls, reduce costs, and improve visibility of risks.
Governance, risk, and compliance (GRC) is an organizational strategy that involves managing governance, risk, and regulatory compliance through integrated practices, processes, and software tools. GRC helps companies effectively manage risks, reduce costs, and meet compliance requirements through an integrated view of how well a company manages its risks. Key aspects of GRC include governance, risk management, and compliance. GRC tools and frameworks can help organizations establish policies and practices to improve efficiencies, reduce risks, and increase performance and return on investment.
The document discusses how organizations can simplify their compliance programs through implementing consolidated objectives. Consolidated objectives involve mapping common requirements across different regulatory frameworks. This allows organizations to design controls that satisfy multiple frameworks, cutting down on duplicative work. The benefits of consolidated objectives include better risk visibility, increased agility to change, and stronger justification of compliance budgets. The document recommends looking for compliance tools that make it easy to identify overlapping content between frameworks and allow for reusability of testing.
Empirix's Top Metrics to Achieve Contact Center AssuranceAlex Johnson
This document discusses metrics for achieving contact center assurance and quality customer experience. It describes Six Sigma techniques used in manufacturing for quality assurance but notes these may not align well with agile software development models used by many contact centers today. The document then outlines some key metrics for contact centers, including critical-to-quality trees to identify customer needs and measure how well sub-processes meet those needs, and critical-to-customer metrics to determine what customers want and measure experience quality. It also discusses agile methodology metrics like burn down rate and velocity.
In today's quickly changing corporate landscape, Governance, Risk, and Compliance, or GRC, plays a critical role in creating an organization's success and sustainability. GRC is, at its heart, a structured method that enables firms to align their operations with industry rules, identify potential hazards, and successfully reduce those risks. The importance of GRC cannot be emphasised in today's volatile market environment, as it enables organisations of all sizes to maintain ethical practises, secure their assets, and achieve long-term success. To successfully manage the intricacies of GRC, businesses must use cutting-edge GRC solutions, which aid in optimising operations, improving decision-making, and assuring compliance adherence. This blog delves into GRC tools, examining their importance and the fundamental issues firms face in the absence of their use. So, join us on this illuminating trip as we discover how GRC tools emerge as the catalyst for complete risk and compliance management.
A New Era of Compliance: Innovations in ServiceNow GRC Aelum Consulting
ServiceNow GRC automates various GRC processes, reducing the manual effort and time required for tasks such as risk assessment, audit management, and compliance reporting. This automation not only saves resources but also enhances the speed and accuracy of GRC activities.
In the rapidly evolving landscape of modern businesses, the triad of Governance, Risk, and Compliance, commonly known as GRC, plays a pivotal role in shaping the success and sustainability of organisations. At its core, GRC embodies a structured approach that enables businesses to align their operations with industry regulations, identify potential risks, and implement robust strategies to mitigate those risks effectively. In today's dynamic market environment, the significance of GRC cannot be overstated, as it empowers businesses of all sizes to maintain ethical practices, protect their assets, and achieve long-term growth. To navigate the complexities of GRC successfully, enterprises must leverage cutting-edge GRC tools, as they prove instrumental in streamlining processes, enhancing decision-making, and ensuring compliance adherence. In this blog, we delve into GRC tools, exploring their indispensability and the key challenges businesses face without their adoption. So, let us embark on this enlightening journey, uncovering how GRC tools emerge as the catalyst for comprehensive risk and compliance management.
In the realm of Governance, Risk, and Compliance (GRC), the significance of effective tools cannot be overstated. Managing compliance, mitigating risks, and ensuring sound governance practices are essential for businesses navigating today's dynamic and highly regulated landscape. That's where GRC tools come into play. In this comprehensive guide, we will delve into the evaluation process for GRC tools and shed light on the must-have features that drive efficient compliance management. Specifically, we will showcase the essential elements of our compliance management software, demonstrating how it can enhance your organization's GRC efforts. So, join us as we explore the world of GRC tools and unveil the key factors to consider when evaluating their effectiveness.
The document provides guidance on selecting carbon accounting software, outlining key considerations such as establishing long-term goals, defining success metrics, ensuring the software provides a single source of truth for data, allows for integration with existing systems, and provides insights and reporting capabilities. It emphasizes choosing software that streamlines carbon accounting workflows, is intuitive to use, and helps turn insights into meaningful actions.
Measuring Success in Software Outsourcing: Unveiling the Metrics that Matter.pdfMukesh Lagadhir
"Measuring Success in Software Outsourcing: Unveiling the Metrics that Matter" offers a comprehensive insight into the essential metrics crucial for evaluating the success of software outsourcing initiatives. This guide underscores the pivotal role metrics play in steering outsourcing projects towards achievement and optimization. It highlights the significance of strategic metric selection, emphasizing alignment with specific business objectives. By categorizing metrics into distinct areas, including new development vs. maintenance, Agile development, velocity, financial, customer experience, and employee development metrics, this resource provides a comprehensive toolkit for assessing outsourcing success. Real-world examples demonstrate how these metrics can be practically applied throughout the outsourcing journey, enabling organizations to measure progress, identify areas for enhancement, and make informed decisions. Ultimately, the guide underscores the importance of long-term success in outsourcing, highlighting the creation of enduring partnerships, improved customer experiences, and continuous improvement as the true measures of success. Through the effective use of metrics, businesses can navigate the complexities of software outsourcing with clarity and data-driven confidence.
Get in touch with GTC https://gtcsys.com to supercharge your outsourcing success! 🚀 #SoftwareOutsourcing #MetricsThatMatter #OutsourcingSuccess #DataDriven #BusinessMetrics #AgileDevelopment #CustomerExperience #EmployeeDevelopment #StrategicPartnerships #SuccessMetrics
=>Concept of Governance
=>Risk and Control (GRC) as applicable to IT operational risk
=>Importance of documentation
=>DATA FLOW DIAGRAM for every application
=>Review of changes in the Data flow, reporting, etc.
=>Parameters for review
=>Importance of review on SLA compliance
=>Reporting to IT Strategy committee, Board etc.
Acknowledging ServiceNow GRC's Potential for Transformation.pdfAelum Consulting
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.
This white paper discusses how adopting project and client relationship management (PSA and CRM) software can increase business efficiency and produce better outcomes. It recommends taking several key steps: thoroughly planning and preparing for the software implementation; defining standards and metrics upfront; and establishing accountability. The software reduces wasted time spent on manual tasks like spreadsheet management and allows real-time performance tracking. It also delivers higher quality by providing centralized, accurate data across departments and easy information sharing. Regular reporting on metrics and outcomes is important to communicate the value of the software implementation and continue refining processes.
In today's complex regulatory landscape, ensuring contractor compliance is a critical aspect of running a successful business. From adhering to legal requirements to mitigating risks and maintaining operational efficiency, organizations must prioritize effective contractor compliance management. Thankfully, the advent of advanced software solutions has unleashed a new era of seamless operations in this realm. Contractor compliance management software empowers businesses to streamline their compliance processes, centralize data management, automate tracking and monitoring, and enhance communication and collaboration. In this blog, we will delve into the power of contractor compliance management software and explore how it enables organizations to achieve seamless operations while meeting their compliance obligations. Let's embark on this journey to unlock the potential of contractor compliance management software for optimizing your business's compliance efforts and driving success.
The best staffing software might help you outpace rivals. It might aid in your global expansion and growth. Finding the best staffing software is tricky, so here is a detailed guide explaining the software's tips, benefits & capabilities.
This document outlines a 4-step approach to comprehensive software management: 1) Assessment to understand current software usage and licensing, 2) Validation of strategic plans through proof of concepts and ROI analysis, 3) Deployment with implementation plans and knowledge transfer, and 4) Ongoing Management through health checks, license compliance and software renewals. CDW's Total Software Management service provides experts to guide organizations through each step and help maximize value from software investments over the long term.
Similar to Reciprocity_GRC Software Buyers Guide v5 (20)
1. GOVERNANCE, RISK MANAGEMENT AND COMPLIANCE SOFTWARE
BUYER’S GUIDE
A CISO & COMPLIANCE TEAM’S GUIDE TO PURCHASING GRC SOFTWARE
RECIPROCITY
A Publication of
www.reciprocitylabs.com
2. TABLE OF CONTENTS
Ch.1 What is Governance, Risk Management & Compliance (GRC)? 3
Ch.2 Smarter Compliance, Less Risk. 5
Ch.3 When Should I Implement? 7
Ch.4 How to Find the Best GRC Tool For Your Company 9
Ch.5 Conduct a Self-Assessment 10
Ch.6 Define Goals 12
Ch.7 Develop Vendor Evaluation Criteria 14
Ch.8 Getting Started 21
Ch.9 Getting the Best Results From Your New GRC Tool 23
3. WHAT IS GOVERNANCE, RISK
MANAGEMENT AND
COMPLIANCE (GRC)?
Governance, Risk Management, and Compliance, or GRC, is a
broad term that covers a company’s approach to and strategy for
managing its internal governance, risk, and compliance activities.
Governance comprises the rules, structures, and accountability
within the company, whether to internal requirements or those
imposed from outside. Compliance includes the processes for
implementing and reporting the company’s adherence to external
requirements, including industry, governmental, and voluntary
standards. Risk management ties the entire practice area together
by helping a company identify its risk tolerance, and then take
appropriate measures to mitigate those risks.
GRC SOFTWARE BUYER’S GUIDE! 3
CHAPTER 1
4. GRC software tools streamline and automate the documentation and reporting of corporate
governance, risk management. and compliance tasks, and align them with business
objectives.
A GRC software tool typically offers:
• System of record (your “single source of truth”)
• Policy management
• Audit management
• Risk management
• Automated notifications to stakeholders to perform specific GRC-related tasks
• Real-time notifications of workflow and audit activity
• Closed-loop reporting for easy calculation of compliance and risk postures
• Easy creation and editing of GRC components (controls, objectives, assets, risks, people
and more) by non-technical users
When used effectively, GRC software can help Chief Information Security Officers, Chief
Security Officers, and Directors of Compliance move past spreadsheets to mature their risk
management and compliance programs.
This guide will walk you through the steps required to purchase a GRC software tool — from
establishing goals, to identifying and comparing vendors, to getting ready for the
implementation phase and future success.
4
A 2016 Governance, Risk and
Compliance Survey found that 43
percent of respondents are operating
their compliance efforts at an ad hoc
or fragmented level.
GRC SOFTWARE BUYER’S GUIDE!
5. SMARTER COMPLIANCE,
LESS RISK
Wondering how a GRC software tool can impact your business?
Take a look at how an all-in-one tool can reduce your risk of non-
compliance while decreasing costs and maximizing revenue,
streamlining your audit, and improving accountability.
Increase Productivity
A GRC tool significantly lowers costs associated with managing
compliance programs. First, a GRC tool will streamline and eliminate
manual processes and allow teams to more easily become and stay
compliant. Second, you will be able to utilize a GRC tool as your
single source of truth for everything related to your compliance
needs. Third, a GRC tool will significantly decrease the number of
errors, gaps, and omissions that are currently being found in your
spreadsheets. All of these benefits lead to a more productive
compliance team.
GRC SOFTWARE BUYER’S GUIDE! 5
CHAPTER 2
6. Your All-in-One Compliance Tool
With a GRC tool, compliance teams can leverage a system of record, automated workflows,
audits, pre-risk assessments, reporting & dashboards, and multiple third-party integrations all
from one central platform. A GRC tool makes compliance trackable, automated and more
visible for CISOs and their teams.
Automate Your Compliance Tasks
Companies commonly find that the real value of automation lies in the fact that there are
routine tasks that must be completed. The GRC platform can automate some of those, and
send reminders for those tasks which require human interaction.
Deliver Robust Reporting
CISOs often find it difficult to determine the ROI on their compliance efforts because of an
inability to aggregate important compliance-related data. By utilizing out of the box reports, a
GRC software tool allows businesses to understand their true compliance posture and identify
gaps or overlaps in their programs. Dashboards and advanced reports deliver important
metrics to users and business decision-makers.
Support Your Audit Team
Audit teams execute a process. And like any business process, they need quality input. A
well-documented compliance program in a GRC tool and the ability to conduct an audit over
that program can jumpstart your internal audit teams and ease the burden of providing
information to an external auditor. Key tasks in the audit process also gain an efficiency boost
from a GRC tool, such as automating evidence collection and dashboards to show progress.
At the end of the audit, the outputs can be fed back into the GRC tool for automated tracking.
Issues can be assigned for remediation, while the auditor’s opinions of control effectiveness
can be documented to show your compliance posture.
Fifty-nine percent of CCOs are only somewhat confident, or not confident at all, that the IT systems
used by their compliance department can fulfill their reporting and responsibilities tasks, according
to Deloitte’s In Focus: 2015 Compliance Trends Survey.
GRC SOFTWARE BUYER’S GUIDE! 6
According to Blue Hill Research, the
benefits resulting from implementing a
GRC platform range between 25%
and 30% in time saved in compliance
and risk activities.
7. “We’re doing just fine using spreadsheets.”
Research shows that almost 90% of all spreadsheets have errors.
When you talk about the data in your compliance program, a 90%
error rate, in most industries, is going to be completely
unacceptable. The underlying cause is due to the lack of structure
around collaboration and version control. If you’re using
spreadsheets to manage multiple compliance programs, it’s
imperative that you move to system of record that provides you with
a single source of truth that’s more reliable.
WHEN SHOULD I IMPLEMENT?
Be proactive and make managing GRC less of a hassle and more
productive!
Below are three reasons why businesses put off implementing
GRC tools, and responses for why these scenarios are actually
the perfect time to get started.
GRC SOFTWARE BUYER’S GUIDE! 7
CHAPTER 3
8. “I have an audit coming up”
An audit is a great opportunity to mature from your spreadsheets to a more robust tool. Part of
the audit preparation involves getting your compliance data properly documented and
collated for the auditor.
Taking the additional step to migrate that content into a GRC tool where you can keep it up to
date and use it as the basis for ongoing reporting helps you to leverage that work, getting
more value out of your audit prep investment. Once you get results back from your audit, you
can track your compliance posture and use the GRC tool to aid in remediation, rather than
being forced to create and maintain new spreadsheets.
“Budgets are tight right now”
No compliance team is ever over-resourced. However, paying high earning professionals to
manage inefficient spreadsheet-based programs is not the best use of your limited budget.
Your team’s time would be better spent implementing and ensuring controls are operating
effectively, rather than trying to reconcile a handful of spreadsheets or babysitting colleagues
via email. A GRC tool that can send automated reminders for compliance tasks is a better
investment than having a member of your staff sending out reminder emails and tracking
completion status manually!
GRC SOFTWARE BUYER’S GUIDE! 8
According to an OCEG study, 85% of
companies feel that they would benefit
from integrating the use of technology
for their GRC activities.
9. HOW TO FIND THE BEST GRC
TOOL FOR YOUR COMPANY
Purchasing GRC software can streamline your work and remove a
lot of headaches. But how do you know where to start?
Choosing a GRC software solution is an important decision. Not only
is governance, risk management and compliance a significant
investment in time and resources, the system you choose will have
an enormous impact on the daily workload of both your risk and
compliance teams. So make sure to conduct the proper research
and go into the process with the right questions in hand. Start by
evaluating your own compliance effort to determine your particular
needs and priorities, then take a closer look at the many features of
governance, risk management and compliance software and what
specific attributes to look for in each. The recommendations
included in the next 3 chapters will help you decide what criteria you
will use to evaluate GRC tool vendors.
GRC SOFTWARE BUYER’S GUIDE! 9
CHAPTER 4
10. CHAPTER 5
CONDUCT A SELF-ASSESSMENT
Gaining a better understanding of your compliance team’s
regular and periodic processes will make it easier to identify
opportunities for improvement.
Review the following questions with your team and come up with
thoughtful responses.
GRC SOFTWARE BUYER’S GUIDE! 10
11. How many compliance frameworks are you required to implement
(e.g. SOC 2, ISO 27001, PCI-DSS)? When do you conduct audits for
each of these programs?
!
Do you have a strategy to format spreadsheets for the different
programs that you’re managing? How do you ensure that you can
produce consistent metrics from each?
!
How do you currently collect audit evidence? What are the
inefficiencies in your process?
!
Are you using Sharepoint, Google Drive, Box, or Dropbox as a
content repository? Y N
Does your compliance team use other software tools to manage
compliance? Y N
If yes, list the different tools, how you’re using them and explain
how they work together.
!
How do you handle the assignment and handoff of compliance
tasks to non-compliance stakeholders, such as system
configuration tasks assigned to sysadmins?
!
How does your compliance team prioritize tasks?
!
How are you measuring and evaluating your compliance
programs?
!
ANSWERS:
GRC SOFTWARE BUYER’S GUIDE! 11
12. CHAPTER 6
DEFINE GOALS
Once you’ve assessed your current processes, it’s time to define
what you hope to achieve with implementation and plan out your
strategy.
In order to properly prepare for the search phase, it’s important to
discuss governance, risk management and compliance with all
departments that will be affected and define the specific
requirements of each.
Use the following questions to plan how each departments will
use GRC software and reap the benefits.
GRC SOFTWARE BUYER’S GUIDE! 12
13. Who in your company will use GRC software? Who will take
ownership?
!
What information will you need in order to make sound decisions
about your GRC programs?
!
What compliance frameworks are various departments tasked with
implementing or maintaining (e.g. InfoSec handles PCI-DSS,
Finance handles SOX)? !
How can other departments take advantage of a GRC software
tool, and what benefits can you realize from having a single GRC
platform shared across departments?
How can you integrate other GRC-related software tools into your
GRC software tool?
!
What are your current KPIs, and how can you show each
department’s value?
!
What are some short-term goals that can be achieved with
governance, risk management and compliance?
!
What are some long-term goals that can be achieved with
governance, risk management and compliance??
!
ANSWERS:
GRC SOFTWARE BUYER’S GUIDE! 13
14. CHAPTER 7
DEVELOP VENDOR EVALUATION
CRITERIA
After you’ve conducted initial research and determined which
vendors to investigate further, the next step is to schedule time to
see demos of the products that have made the cut. Having the
opportunity to compare and contrast each vendor’s solutions will
help you understand what you’ll be able to achieve with each
platform, and how well their features achieve your needs.
Here are a few parameters that you should evaluate as the
vendors work with you:
• Implementation
• Functionality
• Ease of use
• Executive dashboards
• 3rd party Integrations and API capabilities
• Expected ROI
• Future innovation and product roadmap
A typical demo may not cover everything you’re looking for. So,
make sure to ask about a specific feature or use case.
GRC SOFTWARE BUYER’S GUIDE! 14
15. GRC SOFTWARE BUYER’S GUIDE!
Use the following questions as a guide as you begin conversations
with vendors and discover the capabilities of their products:
Implementation
How long does it take to get value from the tool?
Is training and support included, or is it an additional cost?
How much time will it take GRC product you’ve chosen to be up and
running?
Is the amount of time it takes to implement reasonable (couple of
weeks or months)?
How many hours are you expected to contribute to this burden?
How much will your compliance landscape shift between now and
then?
What kind of professional services are required to start using the
application?
If a standard changes in a year, how much will it cost you to be
ready to comply with it?
ANSWERS:
15
16. Functionality
Can you easily map one control across multiple standards?
Do you have full role-based access?
Can you import existing data into the tool?
Can you test and gather audit evidence, and remediate issues found
during audits?
Can you build ad-hoc workflows to automate various compliance
tasks?
Can you configure this system yourself or do you require
professional services?
Will the tool be able to support your use cases for today and in the
future?
Can I perform Pre-Risk Assessments of third parties?
Are the risk scores of third parties plotted on a heat map?
ANSWERS:
16GRC SOFTWARE BUYER’S GUIDE!
17. Ease of Use
What are the different roles available and what access does each
role get?
How easy is it to import existing data into the tool? How long does
this take?
How can you test and gather evidence?
How do you remediate issues?
Is the user experience easy and simple enough to remove
headache from your day-to-day tasks?
Is this a product that is intuitive to you?
Will other people in the organization use it?
Will you find yourself using the product on behalf of others?
ANSWERS:
17GRC SOFTWARE BUYER’S GUIDE!
18. Executive Dashboards
Can executives quickly see the status of our past, present and future
compliance programs?
Can we readily identify gaps in our compliance posture?
If a regulation changes or I’m forced to comply with a new standard,
does the tool highlight my gaps and provide actionable intelligence
to close them?
Can I save money and make it easier to run an audit through a GRC
tool?
ANSWERS:
18GRC SOFTWARE BUYER’S GUIDE!
19. API Capabilities and Third-Party Integrations
Give a brief overview of the connectors your solution offers. Where
do your clients find the most value?
Does the GRC tool allow you to integrate data from other software
tools you’re using? How easy is that integration process? Does it
require professional services, does it require custom development,
or is it a simple point-and-click process?
Does your solution offer ticketing software plug-ins to allow users to
work within their preferred ticketing software platform? Which
platforms?
How long will it take me to get up and running for each of these
integrations?
How will your connectors provide my compliance team with
additional insight into the needs of our programs?
How will your connectors help with my reporting?
How often do you add connectors?
ANSWERS:
19GRC SOFTWARE BUYER’S GUIDE!
20. ROI of GRC
How much time will this save across the company?
Can this solution help me replace hiring one or more FTEs?
Will this solution make my life as well as other colleagues’ lives
better?
Will this help save time when engaging and working with 3rd party
auditors?
What confidence do I have that errors and omissions will be
removed with the implementation of a GRC tool?
If a regulation changes or I’m forced to comply with a new standard,
will this reduce time and cost?
Will my licenses cover everything or will I need to buy additional
modules to meet my needs?
Is the pricing transparent? If your use case for GRC within the
organization expands, how much in additional costs will it take for
the tool to service those use cases and users?
Will the product save me enough time to justify the money I have
allocated in the budget?
How much would it cost to hire someone to do what this GRC
software does?
How much time savings will this tool enable by centralizing
everything?
Future Innovation and Product Roadmap
Will the company share their product roadmap?
How quickly do they share releases?
Does tool feel finished or is the tool immature?
Will the product keep up with a changing compliance landscape?
How does the product look modern?
Do you feel that the product will receive regular upgrades?
ANSWERS:
20GRC SOFTWARE BUYER’S GUIDE!
21. Get Organized
Currently, the compliance related data you have may be spread out
across multiple spreadsheets and emails. Build a single source of
truth by aggregating all of your data.
To ensure a seamless transition, make sure to use a consistent
format that your GRC tool will accept. For example, CSV files are a
popular format for uploading and mapping data to GRC tool
frameworks.
GETTING STARTED
Once you’ve picked a governance, risk management and
compliance solution that aligns with your needs and goals, there
are a few steps you can take prior to implementation to ensure
success.
GRC SOFTWARE BUYER’S GUIDE! 21
CHAPTER 8
22. To help you get started, it is useful to identify the following attributes
in your compliance program data, and ensure they are easily
identifiable within your documentation:
Control implementation description. How do you as a company meet
the requirement set by the standard?
Ownership. Who’s responsible for implementing and maintaining this
control in your environment?
Applicability. Does this control apply to your entire company, or just
to a particular product/department/business unit?
Mappings. Is this control related to any processes, departments, or
other compliance frameworks in use at your company?
What a Complete Implementation Looks Like
GRC tool implementations need to be managed at the executive
level. CISOs need to communicate the GRC tool’s importance and
goals to his or her team and company. Every IT implementation
project should have a defined final milestone (often called a go-live
date), and a GRC tool is no exception.
Here are the criteria that signify you’ve finalized the implementation
of your newly-purchased GRC tool.
• Retire those spreadsheets: All future work by your designated
stakeholders is done inside the tool, i.e. your compliance team
and internal auditor both use the tool as a single source of truth for
control implementation details
• Reporting: Executive management has access to dashboards
with real-time data feeds provided by the GRC tool. These should
be self-service, and free up your resources to focus on tasks more
valuable than creating Excel charts.
• Automated process: Workflows, tasks, and reminders are
enabled so your GRC tool can keep you up to speed on relevant
work tasks.
• Audits: All necessary information is documented, maintained, and
accessible in the GRC tool. This can be leveraged into audits,
which are managed in the tool, providing a seamless experience
and reducing the overhead of coordinating audit artifacts and
data.
22GRC SOFTWARE BUYER’S GUIDE!GRC SOFTWARE BUYER’S GUIDE!
23. CHAPTER 9
GETTING THE BEST RESULTS
FROM YOUR NEW GRC TOOL
To get the most out of your new GRC tool, you’ll need to use the
built-in dashboards and reports to identify with your team how
you can continually improve your compliance and risk initiatives.
You should also review the following GRC Success Checklist
regularly with your team to make sure you’re tracking your
improvements.
GRC SOFTWARE BUYER’S GUIDE! 23
24. Get executive and board support and buy-in for
organization or department adoption. Board
Committees have a need for consolidated and
efficient compliance.
Treat your GRC rollout like any other IT project.
Define a scope, milestones, and assignments, and
track these through to completion.
Identify ways that the tool is more efficient, such as
automated rules and actions.
Identify relevant legal, regulatory, and industry
compliance requirements which impact your
business (e.g. PCI, HIPAA, SOX, SOC 2/3,
FedRAMP, etc.)
Identify a baseline framework to harmonize your
company’s control set against, e.g. ISO 27001,
COSO, CIS Top 20, etc.
Think through the data taxonomy of your
compliance programs and control objects and
beyond. Document the mappings of your control
set against your compliance requirements. Identify
overlapping requirements to help cut through
complexity.
Identify the tool’s capabilities, functions, and
features, as well as your needs, such as additional
metadata you need to capture. Develop the tool to
meet those requirements.
Determine your Key Performance Indicators (KPI)
and Critical Success Factors (CSF). Identify
metrics to track and show the value of your tool
investment.
Plan how often you will revisit your programs to
make sure you’re getting the most out of your
investment in a GRC software tool.
GRC SOFTWARE BUYER’S GUIDE! 24
The GRC Success Checklist
25. Reciprocity offers a best-in-class governance, risk management and compliance
platform that manages compliance initiatives such as system of record, workflow
and audit. We make compliance and risk officers more nimble with lightweight
software designed to turn corporate compliance from a cost center into a
valuable strategic asset.
CONTACT US
2146 3rd Street
San Francisco, CA 30326
415.851.8667
Or visit us online at www.reciprocitylabs.com.