Tag Archive: GRC

5 Ticketing Systems for GRC and 3 Reasons They Matter

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Published 04/17/2017

Choosing to automate the GRC process comes with the additional benefit of being able to automate activities using a ticketing system process. While many GRC tools have their own ticketing systems, understanding the integration of systems across the entire organization can help you decide whether you want to use the built in system or invest in something that plays well with other corporate initiatives. How do ticketing systems help with GRC? Ticketing systems are automated to-do lists. Since automation helps to break information silos, having a ticketing platform that also works with all the other information systems in the company keeps system silos from being created. Since there are many different stakeholders involved in the GRC process, sharing to-do lists…

What is GRC – an Excerpt from Reciprocity’s GRC Software Buyer’s Guide

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Published 10/10/2016

Over the next few weeks we will be bringing you excerpts from our new Governance, Risk Management and Compliance Software Buyer’s Guide – A CISO & Compliance Team’s Guide to Purchasing GRC Software. Please enjoy the excerpt from Chapter 1: What is Governance, Risk Management and Compliance (GRC)? Governance, Risk Management, and Compliance, or GRC, is a broad term that covers a company’s approach to and strategy for managing its internal governance, risk, and compliance activities. Governance comprises the rules, structures, and accountability within the company, whether to internal requirements or those imposed from outside. Compliance includes the processes for implementing and reporting the company’s adherence to external requirements, including industry, governmental, and voluntary standards. Risk management ties the entire…

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5 Tips to Prepare For Your First External Audit

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Published 08/09/2016

Every external audit is different, depending on the scope and the standard against which you will be audited. There are a few key actions that can help you successfully prepare for your first external audit and achieve a favorable outcome. Here are five management tips to help you prepare for an external audit. Understand the standard. An audit is a compliance report based on an external standard. Take the time to read and understand the standard you will be compared to. This is critical to understand the approach the external auditors will take.  Moreover, it will help you avoid taking unnecessary actions by revisiting topics outside the audit’s scope. Also, having a general understanding can help you manage the external…

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“Competent Compliance” Webinar Recording Now Available, Learn How to Move Beyond Spreadsheets

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Published 08/02/2016

Last week, Reciprocity’s resident GRC expert, Aaron Kraus hosted a webinar along with Tim Schmutzler, who heads up the GRC practice at OneGlobe. Titled “Competent Compliance: 3 Ways to Move Beyond Spreadsheets,” Aaron and Tim talked about how to overcome the early hazards of running a compliance program, the pitfalls of Microsoft Excel as a compliance tool, and when and how to move to a cloud-based GRC tool. Some key highlights from the discussion: Every compliance program will eventually outgrow Excel. While Excel has many strengths, it wasn’t meant to manage compliance initiatives. As your program grows in scope and complexity, your manual, spreadsheet-based system will become unmanageable. You CAN manage your compliance program more efficiently with these three easy…

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