GRC Envelop

GRC Envelop, developed by Arambankudyil Consultancy Private Limited, is a risk management, audit workflow, and document management system. According to the vendor, this solution allows organizations to create and manage risks, audits, attach work papers, and generate reports. GRC Envelop is designed to cater to businesses of various sizes and industries, including manufacturing, consumer goods, healthcare, financial services, and food and beverage sectors.

Key Features

Track business processes: According to the vendor, GRC Envelop enables users to track and monitor various business processes within their organization, providing visibility and control.

Define Objectives: The vendor states that users can define objectives within GRC Envelop to align with their organizational goals and strategies, ensuring a clear focus and direction.

Document Risks: GRC Envelop allows users to document and manage risks associated with different processes and objectives, according to the vendor, ensuring comprehensive risk management.

Collate Risks into Registers: The vendor claims that users can collate and organize risks into registers within GRC Envelop for easy reference and management, streamlining the risk identification and mitigation process.

Manage Stakeholders and their opinion for each Risk: According to the vendor, GRC Envelop provides the ability to manage stakeholders and their opinions for each identified risk, facilitating effective communication and collaboration.

Multiple scales for Likelihood(Probability) and Impacts(Consequence): GRC Envelop supports multiple scales for assessing the likelihood and impact of risks, according to the vendor, allowing for more accurate risk evaluation and prioritization.

Risk Matrix and Risk Summaries: The vendor states that GRC Envelop includes a risk matrix and risk summaries to provide a visual representation of the risks and their severity, aiding in risk analysis and decision-making.

Document Controls: Users can document and manage controls within GRC Envelop to mitigate identified risks, according to the vendor, ensuring effective risk control and compliance.

Document Tests: According to the vendor, GRC Envelop allows users to document and track tests performed to assess the effectiveness of controls, facilitating a systematic approach to control testing and evaluation.

Control and Test Assessments: The vendor claims that users can assess and evaluate controls and tests within GRC Envelop to determine their effectiveness, enabling continuous improvement and risk mitigation.