GRC Program Management Software - Integrated & Connected

Connected GRC Software for GRC Program

Risk Cognizance Connected GRC Software empowers organizations to pursue an integrated approach to GRC. Our platform ensures seamless collaboration between risk, compliance, audit, cybersecurity, and sustainability teams. This highly collaborative environment enables businesses to better identify, assess, manage, and mitigate a full spectrum of risks.

Building a Cohesive GRC Program: The Connected Advantage

In a world defined by rapid change and increasing scrutiny, a disconnected approach to Governance, Risk, and Compliance (GRC) is a recipe for inefficiency and increased exposure. Organizations often find themselves juggling multiple systems, redundant processes, and fragmented data, making it incredibly difficult to get a true picture of their risk and compliance posture. The key to navigating this complexity lies in adopting an integrated, connected GRC program.

The Challenge of Fragmented GRC Programs

Many businesses struggle with GRC programs that operate in silos. This leads to common pitfalls:

• Operational Inefficiencies: Duplication of effort across departments, wasting time and resources.
• Information Gaps: Inconsistent data and a lack of real-time insights hinder informed decision-making.
• Increased Risk Exposure: A fragmented view makes it harder to identify and mitigate emerging risks effectively.
• Audit Fatigue: Time-consuming manual processes and scattered evidence make audits a burden.
• Lack of Strategic Alignment: GRC efforts don't consistently contribute to broader organizational objectives.

These challenges not only drain resources but also undermine the very purpose of a GRC program: to protect and enable the business.

Introducing Risk Cognizance: Your Integrated GRC Program Hub

Risk Cognizance offers a truly Integrated Connected GRC Software designed to revolutionize how your organization manages its entire GRC program. We unify governance, risk, and compliance into a single, cohesive platform. This fosters seamless collaboration, enhances visibility, and empowers your teams to proactively manage risk and ensure continuous compliance, transforming your GRC program from a cost center into a strategic asset.

Orchestrating Your Entire GRC Program for Success

Our integrated software provides the comprehensive framework needed to build, manage, and continuously optimize your GRC program. By connecting all critical elements, we enable a consistent, efficient, and data-driven approach to GRC. This ensures that every component of your program works in harmony, delivering unparalleled insights and control.

Key Benefits of an Integrated GRC Program with Risk Cognizance:

• Holistic Program Visibility: Gain a real-time, consolidated view of your entire GRC landscape.
• Streamlined Workflows: Automate manual tasks and eliminate redundancies across all GRC functions.
• Improved Decision-Making: Leverage unified data and analytics for smarter, risk-aware choices.
• Enhanced Collaboration: Foster cross-functional teamwork with shared platforms and information.
• Proactive Risk Mitigation: Identify and address risks faster by understanding their interconnectedness.
• Effortless Audit Readiness: Maintain continuous documentation and be prepared for any assessment.

The Risk Cognizance Integrated Connected GRC Program Suite:

Our comprehensive suite offers specialized modules that seamlessly connect to provide a truly holistic GRC program management experience:

Enterprise Risk Management

• Centralized Risk Register: Manage all types of enterprise risks in one place.
• Advanced Risk Assessment: Conduct qualitative and quantitative risk analysis with customizable methodologies.
• Risk Mitigation & Monitoring: Track the implementation and effectiveness of risk treatment plans.
• Risk Reporting & Dashboards: Visualize risk exposure and trends for executive oversight.

Operational Risk Management

• Process Risk Identification: Pinpoint risks embedded within specific business processes.
• Control Performance Tracking: Monitor the effectiveness of operational controls in real-time.
• Key Risk Indicator (KRI) Management: Establish and monitor KRIs to detect emerging operational risks.
• Incident & Loss Event Tracking: Log, investigate, and analyze operational incidents for continuous improvement.

ESG Risk Management

• ESG Framework Alignment: Map your activities to leading ESG standards and reporting frameworks.
• Sustainability Risk Assessment: Identify and manage environmental, social, and governance-related risks.
• ESG Data Management: Centralize ESG data collection for transparent reporting and disclosures.
• Stakeholder Engagement Tracking: Manage communication and commitments related to ESG initiatives.

Compliance Management

Policy Management

• Unified Policy Repository: Store and manage all corporate policies and procedures with version control.
• Automated Policy Distribution: Ensure policies reach relevant personnel and track attestations.
• Policy Review Workflows: Streamline policy creation, review, and approval processes.

Regulatory Compliance Management

• Comprehensive Regulatory Library: Access an always-updated database of applicable laws, regulations, and industry standards.
• Control-to-Regulation Mapping: Link internal controls directly to specific regulatory requirements for clear alignment.
• Continuous Compliance Monitoring: Track your adherence to regulatory obligations in real-time.

Regulatory Change Management

• Automated Regulatory Alerts: Receive notifications for new or updated regulations impacting your business.
• Impact Analysis Workflows: Assess the specific implications of regulatory changes on your operations and controls.
• Action Plan Generation: Automatically create tasks and assignments to adapt to new requirements.

Case and Incident Management

• Centralized Incident Reporting: Log, categorize, and prioritize all compliance-related incidents and violations.
• Investigation & Resolution Workflows: Guide teams through structured processes for addressing issues.
• Root Cause Analysis: Identify and resolve the underlying causes of incidents to prevent recurrence.

Regulatory Engagement Management

• Communication Tracking: Maintain a comprehensive record of all interactions with regulatory bodies.
• Information Request Management: Streamline responses to regulatory inquiries and data requests.
• Exam & Audit Support: Organize and provide secure access to documentation for regulatory examinations.

Audit & Controls Management

Internal Audit Management

• Audit Planning & Scheduling: Efficiently plan, scope, and schedule internal audit engagements.
• Workpaper & Findings Management: Centralize audit documentation, findings, and recommendations.
• Remediation Tracking: Monitor the progress and closure of audit findings.
• Audit Reporting: Generate comprehensive reports for audit committees and management.

SOX Compliance Management

• SOX Control Framework: Manage and map internal controls to SOX requirements (e.g., COSO).
• Automated Control Testing: Streamline testing procedures for key financial controls.
• Evidence Collection & Review: Centralize evidence collection for SOX compliance and attestations.

Cyber & Hybrid GRC

IT & Cyber Risk Management

• Cyber Risk Assessments: Identify, evaluate, and prioritize risks to IT assets and cybersecurity.
• Threat Intelligence Integration: Incorporate external threat data for proactive risk management.
• Remediation Action Tracking: Manage tasks to mitigate identified cyber risks.

Customizable Compliance Frameworks

Whether your business needs to comply with CMMC, ISO, NIST, SOC 2, HIPAA, GDPR, or other regulations, Our GRC Tools for Small Medium Sized Businesses and Startups provide tailored compliance solutions that grow with your business.

IT & Cyber Compliance Management

• IT Framework Mapping: Map IT controls to standards like NIST, ISO 27001, SOC 2, HIPAA, etc.
• Continuous IT Control Monitoring: Automate monitoring of IT configurations and security controls.
• Evidence Automation: Streamline data collection from IT systems for compliance audits.

IT & Cyber Policy Management

• Dedicated IT Policy Repository: Manage cybersecurity policies and procedures specifically.
• Automated Policy Dissemination: Ensure IT staff are aware of and adhere to IT security policies.
• Compliance with IT Policies: Track and report on adherence to internal IT policies.

Vendor Risk Management

• Third-Party Risk Assessments: Conduct comprehensive risk assessments of your vendors and suppliers.
• Vendor Due Diligence Management: Streamline the collection and review of vendor security and compliance documentation.
• Continuous Vendor Monitoring: Track vendor compliance and risk posture throughout your engagement.

The Future of GRC Program Management is Unified with Risk Cognizance

Stop managing your GRC program in fragmented pieces. Risk Cognizance's Integrated Connected GRC Software provides the cohesive framework, powerful tools, and insightful analytics you need to build a truly effective and efficient GRC program. By breaking down silos and fostering a culture of continuous GRC, we empower your organization to navigate risks with confidence, ensure unwavering compliance, and ultimately drive sustainable business growth and resilience.

Recognized as a

Cybersecurity Leader