For Compliance, Risk, and Governance teams
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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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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 resolutionÂ
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 Â
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 Â
Simplify compliance with comprehensive policy templates Â
Simplify policy management with efficient version control Â
Accelerate policy approvals with automated processesÂ
Collaborate seamlessly with cross-functional teamsÂ
Effortlessly measure policy training effectiveness with assessmentsÂ
Manage policy life cycle with automated reminders and notifications Â
The Complete Solution for Empowered and Efficient Audit Teams
Maintain transparency and accountability with audit trails Â
Organize and streamline audit with automated scheduling and calendar
Centralize audit files for streamlined evidence collection and managementÂ
Stay informed with proactive audit activity notifications & alerts
Streamline audit assessments for comprehensive compliance
Bring audit plans, activities into the single space for complete controlÂ
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
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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
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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
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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.
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Gartner research shows that only the better-prepared enterprise firms developed contingency plans much before situations worsened in the wake of the unprecedented Coronavirus pandemic. With obvious management and operational risks, and additional cybersecurity risks (there was a 273% rise in cyber attacks in Q1 alone), risk management has become essential for enterprises to both survive and thrive.
A decade ago, risk management meant property insurance, malpractice insurance or derivative instruments. However, modern businesses have more diverse risks. In the present day, Risk Management is a business strategy that designs a framework for Management of Risks to Reputation, Operations, Legal Management, Human Resources Management (HRM), Security and overall Governance. It involves active management of risks and making the Plan of Action available to stakeholders. If your organization has finally decided to invest in an Risk Management software, here are the questions that you need answers to before taking the next step.
A Risk Management software is a long-term investment, so make sure it is worthwhile by getting concrete answers to the following questions.
Evaluate these key aspects and rank them in order of priority along with other unique concerns.
Make sure you take current and potential future regulatory standards into account and ensure that your chosen Risk Management software can evolve accordingly.
Once you have determined your specific requirements, evaluate the software’s entire risk management process and check if it aligns with your organization’s existing procedures. If your organization doesn’t have an adequate risk resolution database, you should ideally look for risk lifecycle management as a key process. Features such as real-time risk management and active monitoring are a must.
Making a list of non-compromizable features before selecting an Risk Management software would be helpful. For example, if yours is a small organization where teams are new to risk management, a risk workshop feature would be essential. You need to ensure that the software’s pace and wavelength are in sync with your organization’s pace and wavelength.
Look for a system that can smoothly integrate with your ERP, HR, eCommerce, Accounting, point of sale, and other software. An Integrated Risk Management software can help you ensure that management is not carried out in silos and avoided in any department.
While it makes more sense for compliance-heavy industries such as pharma and finance, a tech startup might find a cloud solution more feasible because of its scalability and fewer resource requirements. Cloud solutions can free you from maintenance tasks, providing better scope to focus on core business strategies.
Internal stakeholders need to be given their rightful say in risk management in the age of inclusion instead of limiting it to top management or a specific team. Choose a tool that allows you to evaluate risks with co-workers and collaborate and communicate well.
Risks, especially cybersecurity-related, can strike at any moment. It is crucial to have a good monitoring system that continuously evaluates all controls to mitigate any approaching risk better.
The quality of customer service is as important as the quality of the Risk Management software. Opt for a service that is available 24×7, has highly-skilled support specialists on board, and has a wide knowledge base to guide you.
A Risk Management software is indispensable in this day and age, and choosing the right one help your team be more effective.
VComply offers a complete compliance management solution to help you streamline everyday compliance processes with a centrally managed, cloud-hosted system.
Ready to set up a trial of VComply and automate your compliance process?