What is a GRC Tool?

Governance, risk, and compliance (GRC) tools allow a company to effectively manage its governance, enterprise risk program, and its compliance with standards and regulations.

Benefits of using a GRC tool include: more efficient and higher quality risk assessment, better-informed decision making, consistent processes and control evidence, and more efficient risk mitigation.

GRC tools that leverage new automation techniques allow companies to save time monitoring their controls and automatically collecting evidence of these controls over time.