For Compliance, Risk, and Governance teams
Gain control and efficiency with our comprehensive dashboard
Effortlessly centralize document and file management securely
Organize and streamline activities with automated scheduling calendar
Empower compliance with timely notifications, alerts, & deadline tracking
Ensure timely response, accountability, and risk mitigation through escalations
Gain compliance control, mitigate risks, & save time with framework library
Streamline assessments. enhance collaboration, ensure compliance.
Strengthen accountability, compliance, and transparency with audit logs
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Efficiently manage GRC using your everyday tools
The Ultimate Agile Solution for Compliance Teams
Goin 360-degree visibility with intuitive compliance dashboard
Stay informed and proactive w ith notifications & alerts
Simplify file and document management with ease
Automate compliance workflows for seamless efficiency
Streamline compliance with customizable framework library
Enable collaboration across locations, departments, and teams
Centralize compliance work for streamlined efficiency
Goin actionable insights with robust reporting feature
The Essential Solution for Empowered Risk Managers
Identify and track risks using the centralized risk register
Enable collaboration across stakeholders for better resolution
Streamline risk assessment with process automation
Enhance risk visibility with intuitive and centralized dashboard
Establish connection across teams, departments, and locations
Elevate risk awareness through proactive notifications
Manage files & evidence centrally for efficient control
Enhance decision-making with actionable risk insights
An Unparalleled Solution for Policy Management Teams
Efficient policy distribution through central repository
Streamline policy drafting and lifecycle management for simplicity
Simplify compliance with comprehensive policy templates
Simplify policy management with efficient version control
Accelerate policy approvals with automated processes
Collaborate seamlessly with cross-functional teams
Effortlessly measure policy training effectiveness with assessments
Manage policy life cycle with automated reminders and notifications
The Complete Solution for Empowered and Efficient Audit Teams
Maintain transparency and accountability with audit trails
Organize and streamline audit with automated scheduling and calendar
Centralize audit files for streamlined evidence collection and management
Stay informed with proactive audit activity notifications & alerts
Streamline audit assessments for comprehensive compliance
Bring audit plans, activities into the single space for complete control
Simplify audits with automated workflow efficiency
Gain 360-degree visibility with intuitive Audit dashboards
Empowering success through streamlined compliance, risk, and governance solutions
Empower your business with simplified regulatory compliance solutions
Empower your enterprise by elevating risk management practices
Transform GRC operations for optimized efficiency and effectiveness
Mitigate risks with seamless third-party risk management
Check out our comprehensive guides for seamless management!
Empower your business with pre-built customizable regulatory and control frameworks
Achieve quality success through ISO 9001 Framework
Deliver compliance excellence with the power of SOX framework
Simplify your security approach with ISO 27001 framework
Navigate cybersecurity excellence with NIST framework compliance
Promote data security through compliance with PCI DSS framework
Unlock trust and security with SOC 2 framework for compliance
Empower your industry with unmatched effectiveness and efficiency
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Stay connected and grow alongside VComply
Stay informed on compliance, risk, audit, and policy management trends
Streamline work with comprehensive guides for seamless management
Navigate complex GRC challenges with valuable e-books
Discover user stories for valuable insights into user-experiences
Access comprehensive definitions and explanations for essential GRC terms
Gain a comprehensive understanding of the features, benefits, and capabilities
Discover insights from experts on the latest happenings in GRC
Learn tips, tricks, and insights to make compliance work for your organization through our expert webinars!
Utilize our go-to templates and checklists to help you stay compliant
Keep in sync with the latest changes by updated framework templates
Get compliance assistance through VComply compliance checklists
Download policy templates that you use to create guidelines and processes.
Discover the power of VComply through our detailed use case guides
Get to know what make VComply the best GRC platform on the market
Discover VComply's value, mission, and vision for better GRC future
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Join VComply, redefine compliance, unleash potential
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How do you put it across to your board members and persuade them to have GRC tech in your annual budget? Let’s dive in to understand how GRC software can help in cost savings.
You are convinced that your organization needs GRC software to improve governance, risk, and compliance management across the organization. You have seen multiple demos, understand how you can implement it, and above all, done your due diligence and confirmed that there are risk processes in your organization that can only be addressed through a GRC implementation. But how do you put it across to your board members and persuade them to have GRC tech in your annual budget? Let’s dive in to understand how GRC software can help in cost savings.
A GRC software helps you mitigate the risks associated with governance, risk, and compliance. If you have been doing all of these on multiple spreadsheets and forging through a paper tracking system whenever there is an audit requirement, you are putting yourself at risk of regulatory action. Needless to say, regulatory action has its implications, along with hefty fines and financial losses. Implementing GRC software can safeguard you from regulatory actions, and automate your GRC tasks, so you spend less time scrambling through spreadsheets.
Additional Read: In depth guide to GRC tool
Do you know that a single HIPAA breach can cost approximately $4.24 million per breach? Apart from the monetary loss, it can take several years for your business to recover from the brand reputation damage that a breach can cost. Investing in GRC software is a one-time investment that can save you from multiple breaches in the future. Plus, it helps clear up the headspace for your employees so they can focus better on other priority tasks. A GRC platform like VComply can help you save money by proactively identifying and addressing compliance issues or risks.
Investing in a GRC platform is wise because it helps prospective clients trust you with their sensitive data. A complete GRC suite tool gives visibility to your system so that you can spot non-compliance activities or identify risks early. GRC helps you build trust and reliability that will prove its worth in the coming days. Plus, whenever you have an external audit, all your data will be at your fingertips.
Learn what to look for in a GRC tool
While tracking your compliance, risks, and governance through spreadsheets, gaps and loopholes can often remain unnoticed until an incident happens. A GRC tool can save you millions of dollars from fraud risks alone. A GRC tool can help you identify gaps and tighten control to avoid fraud risks. While implementing the GRC tool may be considered an implementation cost, the ROI will pay off quickly. So consider expanding your budgetary limits to lower your total cost of ownership through better compliance management and effective audit reporting.
A GRC-integrated platform like VComply saves you from multiple licensing costs. With a unified approach, you can achieve the same result with greater efficiency. The cost for a combined subscription will almost always outweigh the licensing cost for multiple software.
Many organizations often run separate programs for risk, compliance, and governance. Moreover, the processes they follow are not standardized, which doesn’t present a holistic view of all the risk and compliance issues that may become big threats in the near future. Through an integrated GRC platform, you can have a holistic view of your GRC framework and effectively mitigate them before they become threats.
GRC software lets you automate your workflow, control assessment, automate notifications, etc. This can significantly help you save staffing costs, reduce costs due to human error, and let employees focus on higher-value work.
Learn more about having a successful GRC implementation
GRC software not only helps save costs but also has other benefits.
It optimizes your framework, eliminating non-value add tasks and streamlining only value-added tasks. For example, manual preventive controls are replaced by automated controls for better efficiency and traceability.
It helps you establish a stable and scalable environment by proactively identifying risks and compliance issues and eliminating them.
GRC gives you a complete picture of the whole organization and its processes, so business owners have complete control and visibility on the business profile, the associated risk, challenges, and how to mitigate them.
Remember, GRC is not just a technology you want to add to your tech stack. When done right, GRC can help you optimize your workflow and become an excellent cost-saver for your organization!
If you’re ready to explore how GRC can help your business, book a free live demo with VComply.
Ready to set up a trial of VComply and automate your compliance process?