You don’t know what you don’t know.
When it comes to managing enterprise GRC, truer words were never spoken.
While some may believe that ignorance is bliss, the reality is that not having real-time insight into the state of GRC opens the door to significant risk — missed deadlines, compliance violations, legal penalties, slow remediation and infosec threats, all of which can hurt productivity, innovation and revenue growth.
But when done right, and risks are accounted for and managed effectively, GRC visibility can be a powerful force for the business. Building a mature and sustainable GRC program, powered by real-time data, automated processes and centralized management, enables risk-aware decisions at every move, driving efficiency throughout the organization and allowing all departments to operate with confidence.
Here are five ways GRC visibility can elevate operations:
1. See the big picture.
Using one platform for all your GRC programs establishes a single source of truth for operations. This eliminates silos across risk, compliance and audit departments, creating cohesiveness across the organization.
2. Balance risk with opportunity.
Visibility into current and emerging risks generates real-time risk intelligence. By leveraging customized risk calculations, continuous risk monitoring and immediate alerts to catch and remediate risks, you mature your risk program to give stakeholders the ability to strategically assess and address risk as well as capitalize on new business opportunities.
3. Give internal teams a break.
An integrated and automated GRC platform streamlines day-to-day tasks and eliminates the time-consuming manual tasks, confusion and stagnation created by non-automated processes and spreadsheets. This not only saves you time and costs, but it actually frees up resources to drive better business outcomes.
4. Create C-level power users.
Enable senior-level executives to contribute directly to audit workflows, taking an active part in evidence collection for individual departments. With live audit dashboards and dynamic audit reports, leadership teams gain instant visibility into activity status by individual owner, requests from third-party auditors and the status of projects overall, helping to push to-dos through to audit completion.
5. Get everyone talking.
Sharing, connecting and collecting critical compliance and risk data across the organization through a single system makes collaboration and communication easy. Integrated cross-functional workflows deliver greater transparency and flexibility, making it easier for teams to support compliance and risk. Plus, insight into company-wide GRC activities enables more efficient work allocation by knowing where resources are needed and when.
A Clear View of GRC Success
Take a look at how greater visibility drove greater GRC success for one of our clients. When Reciprocity customer Conversica, a provider of Intelligent Virtual Assistants, was ready to revamp its security program, the company wanted to move — and fast. Just two months out from a SOC 2 audit, Conversica was laser-focused on getting a GRC platform in place to reap visibility and efficiency gains ASAP.
With hands-on support from Reciprocity’s Customer Success team, the company was swiftly onboarded and able to meet its tight timeframe. And the results swiftly followed:
- 60 days and $80K saved with expedited SOC 2 controls creation
- Real-time C-level visibility into risk status and threats
- Streamlined evidence collection for CXOs
What you can’t see, can hurt your organization. Turn to a single GRC platform to gain comprehensive visibility into information security risk across your organization, leveraging real-time insight to achieve outcomes that matter most to your business.
To learn all the details of how Reciprocity helped drive Conversica’s GRC success, check out our case study ZenGRC Helps Conversica Elevate GRC Programs with New Levels of Efficiency, Automation and Visibility.