GRC Risk Management Software
GRC risk management software succeeds or fails on one thing, which is whether the register stays current between reviews. Three design choices decide it.
Who can raise a risk. If only a risk team can, you will only ever see risks the risk team already knows about. Let operational staff raise them.
What triggers a review. Calendar-based review produces a rush before each meeting. Event-based review, triggered by an incident, a change or a failed control, keeps the register connected to reality.
Whether treatments have owners and dates. A treatment without both is a wish. This is the most common gap and the easiest to close.
None of the three is a feature you buy. They are decisions you make during configuration, which is why two organisations on the same product get very different results from it.
Safe Work Australia covers the risk management duty. This is general information rather than legal advice.
See Sentrient’s risk management system and GRC system.
Self-Service Records Management: Why Australian Employers Need It
Quick Answer: Self-service records management gives each employee access to their own record so they enter and maintain their own details, with HR verifying rather than typing. It matters for a reason most Australian employers get backwards: for private sector employers the Privacy Act largely does not apply to employee records. What does apply is […]
How To Select GRC Software: The Decision That Comes First
Quick Answer: Before you select GRC software, decide what kind of thing you are buying. There are three real options: a spreadsheet, which works until something starts expiring; point tools, which solve one problem well and leave you assembling evidence across four logins; and a full GRC system, which is worth it once you have […]
Does Your GRC Software Allow You To Conduct Surveys?
If your GRC survey software cannot gather feedback from across your workforce, you are missing one of the most direct signals your governance, risk, and compliance program can generate. Surveys are not a nice-to-have feature sitting on the edge of your GRC software. They are the mechanism that tells you whether your compliance strategy is […]
6 Key Benefits Of Implementing GRC Management Software
Quick Answer GRC management software brings governance, risk and compliance work into one system. The six key benefits of implementing it are better operational efficiency, better-quality information, smoother stakeholder relationships, a clear organisational hierarchy, lower costs and faster reporting. They do not all arrive at once, and most depend on how the system is set […]
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