What is GRC

Governance Risk and Compliance software

Governance, Risk and Compliance is the term coined by analysts such as Gartner and Forrester to describe the software solutions that enable organisations to use automated workflow processes to manage the documentation, actions and activities associated with all areas of GRC.

In today’s complex, highly regulated world, organisations cannot escape the need to effectively manage GRC across the organisation. In most cases, this starts with the realisation that manual systems, spreadsheets and bespoke databases do not insure compliance to regulations and regulatory bodies and leads to the awareness that these systems seriously threaten the integrity of the organisation and hold back its ability to see continuous business improvement.

GRC software encompasses 4 key areas. These are:

• Policy and Controls Management
• Risk and Controls Assessment
• Investigative Management
• Risk Analytics and Reporting

Policy & Control Management

Sword Achiever Modules comprise:

• Document Control
• Training & Skills

Risk & Controls Assessment

Sword Achiever Modules comprise:

• Risk Manager
• Risk Assessment
• Audit and CARs

Investigative Management

Sword Achiever Modules comprise:

• Risk Analytics
• Graphical Report Tool