Risk Management
Risk management is an essential aspect of any organization's operations, processes, and compliance efforts. With the help of a powerful GRC (Governance, Risk, and Compliance) application by Virtual GRC, businesses can effectively identify, assess, mitigate, and monitor risks. This comprehensive approach to risk management is crucial for ensuring the success and sustainability of any organization. By utilizing risk management software, companies can streamline their risk management processes and make informed decisions to protect their assets and achieve their objectives. With the key aspects of risk management in place, businesses can confidently navigate through potential threats and uncertainties.
Features:
Identification of Risk By leveraging the use of our integrated threat library, we make the process of identifying risks that are applicable to you easy. GRC software enables you to track, not only the risk, but also the associated assets.
Assessments Once identified you can assess your risks using one of our many included qualitative and quantitative risk methodologies or define your own calculations. VGrc is not only simple but also flexible, use one of the built-in risk methodologies or upload your own.
Mapping Risk to Related Controls Link organization-specific controls to your risks while tracking control maturity, testing, and effectiveness. Understand which processes are mitigating your risks and easily identify threats to your organization.
Risk Treating Connect your risks to the mitigating controls to show how your organization treats its threats. View on a heat map or in a report to get a holistic view of the risks that keep you up at night.
Generating Reports Generate beautiful reports for any audience, whether high-level executive summaries or detailed compliance reports. leverage the data in VGrc to provide insights into your organization.
Monitoring Status Monitor the status of your risks and see how they evolve over time. Track progress and understand how changes affect your business. Track trends and analyze effects internal and external factors that affect your risk levels over time.
Benefits:
Treating Risk before Exploited Use your risk register as a living and breathing document, allowing you to manage how to prioritize treating your risks and the effects of not. VGrc risk management allows you to easily identify, assess and treat risks before they happen. Track improvements and corrective actions in a GRC platform.
Simple Compliance Using our powerful dashboards and risk analytics, users can quickly understand framework requirements, associated tasks and identify gaps in compliance. VGrc connects your common controls to individual requirements across multiple security frameworks, so you can grow and mature your compliance programs at scale without having to scale costs.
Simple Risk Analysis VGrc is easy to navigate with a clean interface, enabling users to quickly understand requirements and tasks. With simplicity at its core, the platform provides one-click access to the areas you’ll spend most of your time in such as your risk register or common controls. Visual cues include red flags indicating open tasks on any control and heatmaps showing risk.
Customized Requirements VGrc provides you the flexibility to link together elements such as controls and risks without complicated development efforts. The versatile risk assessment process lets you select your own risk methodology.