Manage and track multiple compliance, risk, and governance operations
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
See our platform in action for free. No credit card required!
Integrate VComply with your everyday tools, and manage compliance and risk better
Manage multiple frameworks, implement controls, and protect your brand
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
Automate risk processes, assess risks, align risk and compliance
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
Develop, review, approve, distribute, and track every policy with confidence
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
Streamline audit planning, fieldwork, and reporting using a unified platform
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 how VComply helps utilities comply with NERC’s reliability standards.
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
See the extensive compliance framework library of over 20+ supported framework
Achieve compliance for your electric utilities with these NERC-approved reliability standards
Empower your industry with unmatched effectiveness and efficiency
Help Financial Services power GRC processes
A smart GRC software that upgrades manufacturing compliance
Modernize banking compliance with VComply
Remove compliance risk from your non-profits
Effectively manage your higher education compliance and risk
Redefine healthcare compliance and risk with VComply
Build, boost your compliance in construction
Strengthen resilience for energy and utility companies
Turn risk into opportunities with F&B compliance software
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
Stay informed about VComply and GRC industrylatest updates
Join VComply, redefine compliance, unleash potential
Know about our partnership program
Get to know our board of advisors
Our legal terms of services and privacy policy
Stay up to date on the latest VComply news
VComply offers unparalleled Sales and Customer Support
Send us your sales queries and let us know your needs
Get 24/7 quick and dedicated support anytime
Lets get social
Follow us on LinkedIn for company updates
Join VComply on Twitter for live updates
Since the beginning of business whether they knew it or not organizations have always been analyzing risk and implementing mitigation procedures. It wasn’t until 2002 when Michael Rasmussen and OCEG finally defined the field of risk management and coined the term GRC (governance, risk, and compliance). The concept was revolutionary, in a time when the world of business was becoming ever-more complex the field of thought known as GRC outlined and defined the interconnectivity of common areas of risk and established methods of prevention.
Over a decade later the management consulting company Gartner devised their own method of GRC calling it IRM (integrated risk management) in 2017. Whether it be GRC or IRM organizations have begun to realize that having either one is an absolute necessity to achieve business continuity and future success.
Organizations and risk management teams alike may be wondering what is the difference or which is better. Unfortunately, the answer is not black and white, many experts including Michael Rasmussen himself would argue that GRC and Integrated Risk Management are nearly identical to one another with the only difference being the name. Upon initial research, this does appear to be the case, that GRC and IRM are two sides of the same coin, however, within the space there are some subtle differences that can be identified.
GRC began in the financial sector and dealt mainly with financial reporting and audit management. The key aspect of GRC that set it aside from previous risk management strategies is the implementation of software assistance and the mitigating of spreadsheets. GRC then spread into other areas such as compliance and later ESG (environmental, social, governance). The new goal of GRC is to ensure that risk and compliance needs, whatever they are, are fully automated to improve agility and efficiency. IRM was created to seek an integrated approach to risk management ensuring that information is easily shared between different departments. Gartner also introduced the Magic Quadrant as part of their evaluation services that initially began evaluating GRC providers. While IRM may seem like the new age of GRC focusing on integrating various forms of risk management under one roof, the differences sometimes seem more subtle than that.
As previously mentioned GRC’s origins began in the financial sector and dealt largely with compliance obligations. This trend has largely continued as much of what risk management means to today’s organizations is mitigating the risk of compliance failures. Regulatory requirements have expanded significantly and now encompass categories such as cybersecurity, data privacy, environmental obligations, AML, etc. GRC, if anything, has been criticized for being too compliance focused whereas IRM specializes in risk mitigation whether it be third-party or environmental hazards.Things get confusing when looking at the world of Integrated Risk Management or Governance, Risk, and Compliance because risk and compliance work hand in hand with one another. Compliance obligations lead to potential risks, and when identifying risks organizations will find that a significant amount of them are related to compliance. Governance, risk, and compliance are not separate entities but should rather be treated as an interconnected web of business responsibility. Therefore to argue that GRC focuses on compliance and IRM focuses on risk cannot be true. Rather the difference appears to be how each one examines the interconnectedness.
GRC, as the name suggests, takes a wider approach to the business environment by understanding that organizations of different kinds require various solutions. Some organizations may be at more risk of compliance violations whereas others are at risk of cybersecurity breaches. GRC outlines an overall encompassing approach to find solutions for organizations no matter the size or market.
IRM does the same but through a different avenue. IRM takes a narrow approach in which the goal is the process of identifying risks and developing solutions to mitigate risks from there. These risks oftentimes are compliance-based, or maybe arise from cybersecurity concerns, but all are risks nonetheless.
The difference between IRM and GRC appears to not be the outcome but rather the means of getting there. GRC has created a system in which an interconnected network of roles and responsibilities must all coincide and communicate with one another to achieve effective and efficient risk mitigation procedures whereas IRM defines risks affecting a particular organization and then enforces collaboration among relevant parties to ensure that the risk is effectively mitigated.
So now you may be wondering which school of thought should organizations abide by. And the truthful answer is either. GRC has been around longer and generally encompasses more aspects than that of IRM, but perhaps an organization would rather have a more focused approach to specific risks. Whichever you choose the important takeaway is that in order to achieve success within the world of GRC organizations must have complete visibility of risks threatening the organization and must ensure clear communication throughout the entirety of the organization.
Discover what makes VComply a top G2 high performer in the GRC platform category. Book your demo now and explore its robust capabilities.
Ready to set up a trial of VComply and automate your compliance process?