Incidents and Issues
It is imperative for organizations to have a reliable system in place to manage all incidents, findings, and issues. This includes having effective issue-tracking mechanisms that can link directly to risk and controls. With the use of risk management software, organizations can easily create accountable corrective action plans and monitor progress against applicable processes and assets. By having all of this information in one place with Virtual GRC, your organizations can ensure that they are properly addressing any potential risks and taking necessary steps to mitigate them. With the help of risk management software, organizations can confidently manage their incidents and issues in a systematic and efficient manner.
Features:
Issue Reporting - Manage any type of Issue, Findings or Observation Use pre-configured blueprints or create your own process flows and support procedures to quickly and effectively Monitor progress. Report to key stakeholders continously in real-time.
Accountability - Effective ownership and assignment of issues and related activities ensure accountability, transparency, and efficient management of governance, risk, and compliance-related elements. Our Centrally managed vGRCNOW platform promotes collaboration, streamlines processes, and supports the overall effectiveness of the GRC program within you company immediately.
Status and Automation - Maintain visibility of your highest risk issues, prioritized your remediations and actions, identify high risk processes and assets to focus your teams efforts. Use our automations to keep track of status and ensure that team members are automatically made aware of their priorities.
Resolution and Remediation - Every organization capabilities are unique, but the requirements are the same. VGRCNOW uses world class remediation guidance and suggestions for resolution as a baseline for your strategy, but allows you to customize your processes and actions to match your objectives. By adapting the process in VGRCNOW to suit the unique requirements and circumstances of your GRC implementation, we ensure better success of compliance and closure.
Benefits:
Early Resolution By leveraging the capabilities of a GRC application and implementing an efficient early resolution process, organizations can address issues promptly, minimize potential risks, and maintain compliance with governance and regulatory requirements.
Can Know the status Easily Tracking the status of various elements within a GRC (Governance, Risk, and Compliance) application involves monitoring and managing the progress and status of tasks, issues, or compliance requirements. Here are some general steps to track status in a GRC application:
Can Know List of Issues By utilizing a GRC tool for tracking issue status, organizations can effectively monitor the progress of issue resolution efforts, ensure timely action, and maintain a systematic approach to managing governance, risk, and compliance-related concerns.