Risk Cognizance: Governance, Risk and Compliance Software | GRC

Governance, Risk and Compliance Management Software

Risk Cognizance GRC offers a full-featured software-as-a-service (SaaS) platform and expert consulting services to address all your governance, risk, and compliance (GRC) needs. Our integrated risk management software and adaptable data architecture align with your workflows, empowering your organization to minimize risk, enhance performance, and make more informed decisions.

Managing Governance, Risk, and Compliance (GRC) and Integrated Risk Management (IRM) with fragmented tools and siloed departments is not just inefficient but also dangerous. 

Most solutions force you to choose between a GRC suite or a specialized IRM tool, leaving you with critical gaps in your defense. Risk Cognizance provides a unified, integrated solution, bringing both together on a single platform with over 250 integrated applications to simplify your entire risk landscape.

Our platform is a central hub for all resilience efforts, linking insights from the front line to the boardroom and across departments and vendors. By automating manual tasks and providing a single source of truth, our solution empowers leaders to make better, more informed decisions and transform risk from a liability into a strategic advantage.

GRC Software Suite

An Integrated Risk Management (IRM) software is a technology solution that centralizes and streamlines an organization's risk management efforts across all departments and business units. Its primary purpose is to provide a holistic, unified view of all risks, moving away from fragmented, siloed approaches that can lead to incomplete data and poor decision-making.

The "integrated" aspect of IRM means connecting various types of risks—such as operational, financial, strategic, and cybersecurity risks—into a single, cohesive framework. This allows organizations to understand how different risks are interconnected and how they might collectively impact business objectives. Our platform's ability to connect to over 250 applications ensures that your risk management is truly comprehensive and data-driven, leveraging your existing tech ecosystem to pull in real-time information.

• GRC Suite: A complete, all-in-one solution for unified governance, risk, and compliance.
• ERM Solution: A dedicated solution for enterprise-wide risk management and strategic decision-making.
• Compliance Solution: A centralized platform to manage regulatory compliance and streamline compliance risk management.
• Operational Resilience Management Solution: Tools to support organizational resilience and ensure continuity in the face of disruptions.
• IT Risk Management (ITRM) Solution For Regulated Industries: A specialized solution to manage IT risks and ensure compliance with industry-specific regulations.
• Audit Solution: A streamlined platform for managing the entire internal audit lifecycle.
• Procurement Solution: A dedicated solution to automate and manage the procurement process with a focus on risk.

Simplify GRC management across enterprise risk, resilience, and regulatory compliance in one scalable system that grows with your business. Strengthen your governance, risk, and compliance programs with a platform specifically designed for banks, credit unions, and financial institutions.

GRC solutions that support organizational strategy and success

Risk Cognizance's platform is built on the principle that a truly effective GRC strategy is fundamentally risk-centric. Our solution seamlessly unifies GRC and IRM into one cohesive system, ensuring your governance and compliance are always informed by a unified view of risk.

• Governance: We provide the framework and tools to establish the policies, procedures, and ethical frameworks that guide your organization's operations and decision-making. Our platform ensures that these principles are not just theoretical but are actively enforced and monitored.
• Risk Management: This is the core of our solution. We provide a systematic approach to identifying, assessing, and mitigating potential threats to business goals, from cybersecurity threats to financial or operational vulnerabilities. This process is automated and continuous, ensuring you are always one step ahead.
• Compliance: We ensure your organization adheres to all relevant laws, regulations, industry standards, and internal policies. By linking compliance obligations directly to your risk management and controls, we simplify audit preparation and reduce legal exposure with a single, transparent source of truth.

By bringing these three concepts together, our platform eliminates the need for multiple tools and provides a complete solution that is both deep in its risk capabilities and broad in its GRC scope.

Key Features of Our Unified GRC Software

Our unified GRC solution provides a powerful suite of features that automate processes, improve visibility, and streamline workflows by leveraging data from our extensive ecosystem of integrations.

• Centralized Dashboard: Gain a single-pane-of-glass view that provides real-time visibility into key metrics, risks, and compliance status across the entire organization. Our dashboards are customizable, allowing you to tailor them for different stakeholders, from risk managers to the C-suite.
• Automated Risk Assessments: Our AI-powered tools automatically identify, assess, and prioritize risks by analyzing real-time data from your integrated applications. This allows for continuous risk assessments that are dynamic, accurate, and predictive.
• Continuous Monitoring: We enable ongoing, real-time tracking of controls and compliance status, drawing data from integrated tools to ensure the organization remains audit-ready at all times. Automated alerts notify you the moment a risk indicator reaches a critical level.
• Policy and Control Management: Our platform serves as a central repository for all policies and controls. We provide automated workflows for creation, review, and attestation, seamlessly linking your policies to the risks they are designed to mitigate.
• Regulatory Intelligence: Receive automated alerts for changes in laws, regulations, and industry standards, with smart mapping capabilities that show their direct impact on your existing controls and processes. This ensures you are always up-to-date and compliant.
• Collaboration Tools: Facilitate cross-departmental collaboration with automated task management, a shared platform, and streamlined communication, improving alignment across your entire organization.
• Audit Management: Streamline the entire audit process, from planning and scheduling to automated evidence collection from integrated systems, ensuring a smooth and efficient experience with a clear audit trail.
• Reporting and Analytics: Tools to generate customizable reports for leadership, the board, and regulators, providing data-driven insights that empower strategic decision-making and demonstrate your commitment to a strong risk posture.

Benefits of Our Unified GRC & IRM Solution

Implementing our GRC solution offers significant advantages that go beyond simply checking a compliance box.

• Improved Decision-Making: With a unified view of risk and compliance, leaders can make more strategic, risk-aware choices that align with business objectives and drive growth.
• Enhanced Operational Efficiency: Automation reduces manual effort, human error, and redundant tasks, freeing up valuable resources for more strategic work and optimizing your risk management budget.
• Stronger Security and Resilience: A connected GRC framework helps organizations proactively identify and mitigate vulnerabilities, strengthening their overall security posture and ability to withstand disruptions.
• Reduced Costs and Fines: Streamlined compliance management reduces the risk of costly regulatory fines and the time and resources spent on audits.
• Breaks Down Silos: Our central platform fosters cross-functional collaboration and a shared understanding of risk, moving away from fragmented departmental efforts and creating a culture of shared responsibility.

GRC for Specific Use Cases

Our unified GRC and IRM solution is highly versatile and can be tailored to address a variety of organizational needs.

• Enterprise Risk Management (ERM): Provides a holistic view of all risks (strategic, financial, operational, and reputational) to inform business-wide planning and ensure risk is a key consideration in every major initiative.
• Third-Party Risk Management (TPRM): Centralize and automate the management of risks associated with your vendors and suppliers, from security posture to compliance with service-level agreements.
• Attack Surface Management: Proactively discover, analyze, and reduce vulnerabilities across all your digital assets, including IT infrastructure, applications, and cloud environments.
• Cybersecurity GRC: Unify your cybersecurity efforts with your overall GRC program, managing IT risk and protecting your digital assets in a way that is transparent to the entire organization.
• Business Continuity Management (BCM): Helps organizations prepare for and recover from disruptive events, automating plans, tests, and emergency communications to ensure operational resilience.

Enterprise Risk Management

Risk Cognizance offers a comprehensive suite of products and services designed to empower your organization on its journey to GRC maturity.

GRC Solutions

• GRC Software Suite: Comprehensive platform for managing governance, risk, and compliance.
• Enterprise Risk Management (ERM) Solution: Identify, assess, and mitigate enterprise-wide risks.
• Compliance Management: Ensure adherence to industry regulations and standards.
• Business Continuity: Maintain operations and minimize disruptions during crises.
• Vendor Management: Monitor and manage third-party risks and relationships.
• IT Risk Management (ITRM) Solution for Regulated Industries: Safeguard IT infrastructure and ensure compliance in regulated sectors.
• Internal Audit: Streamline auditing processes and enhance internal controls.
• Issue Management: Track and resolve compliance or operational issues efficiently.
• Complaint Management: Manage and address stakeholder complaints in a compliant manner.
• Policy & Document Management: Simplify policy creation, distribution, and tracking.
• GRC Solutions: Tailored solutions for governance, risk, and compliance challenges.
• GRC Suite: All-in-one suite for managing risk, compliance, and resilience.
• Operational Resilience Solution: Ensure continuous business operations in the face of disruptions.
• Audit Solution: Comprehensive tools for auditing and internal control management.
• Procurement Solution: Safeguard procurement processes and vendor relationships.
• Consulting Services: Expert support for customizing and optimizing GRC strategies.

The Risk Cognizance Platform:

Applications:

• Enterprise Risk Management
• Business Continuity
• Vendor Management
• Compliance Management
• IT Risk Management
• Internal Audit
• Issue Management
• Complaint Management
• Attack Surface Management
• Policy & Document Management

Services:

• Consulting for GRC Success
• ERM Services
• Business Continuity Services

Elevate your GRC strategy with a unified, AI-powered platform

Modern GRC software is no longer a luxury, it is a necessity for any organization seeking to navigate today's complex risk landscape. 

By providing a single, intelligent platform to manage governance, risk, and compliance, these tools empower businesses to operate with greater efficiency, transparency, and confidence. 

Adopting a unified GRC solution helps you not only meet regulatory obligations but also build a more resilient and strategically sound organization for the future.

Recognized as a

GRC Software Leader