Risma GRC Tool

Risma GRC Tool is a comprehensive governance, risk, and compliance (GRC) platform designed to simplify and optimize GRC management across organizations. According to the vendor, it is suitable for companies of all sizes, ranging from small businesses to large enterprises. The tool caters to various professions and industries, including compliance officers, risk managers, internal auditors, IT security managers, privacy officers, financial services, healthcare, manufacturing, retail, and technology.

Key Features

Automated Controls: According to the vendor, the platform allows users to automate controls by incorporating them into an annual wheel, assigning roles, and selecting the frequency of completion. It provides a streamlined process for documenting and reporting on all controls, including assessment, mitigation, and monitoring, in one centralized platform.

Efficient Incident Management: The platform offers robust incident management functionality that enables users to track and manage tasks and issues in a collaborative environment. It facilitates seamless documentation and monitoring of work done on a case, ensuring effective collaboration and timely resolution.

Centralized Document Management: Users can securely store strategy, policies, controls, and reports in a centralized location with version control and changelogs. The platform ensures easy access and efficient management of all documentation, promoting compliance with document management requirements.

Holistic Business Model Mapping: The platform provides visual mapping capabilities for business processes, offering a comprehensive overview to analyze efficiency and identify areas where controls can be implemented for improved business performance. It allows users to visualize relationships between different processes and departments, facilitating informed decision-making and process optimization.

Streamlined Enterprise Reporting: According to the vendor, the platform enables users to track and report on the performance of the entire organization without the need for manual data export and reformatting. It offers customizable compliance reporting, saving time and effort in the reporting process.

Proactive Organizational Agility: The platform aims to foster a proactive compliance culture by automating processes, streamlining workflows, and ensuring timely completion of tasks. It promotes organizational agility by providing tools and features that facilitate efficient compliance management.

Task Automation: Users can automate processes, including controls and tasks, to reduce manual work and increase efficiency. The platform simplifies task assignment and delegation to relevant employees, ensuring accountability and timely completion.

Comprehensive Risk Management: The platform provides a comprehensive overview of the organization's risk landscape. Users can define, assess, analyze, and mitigate risks effectively. According to the vendor, it helps turn insights into strategic assets by assessing consequences and probabilities, and developing risk mitigation strategies.