Introduction to GRC
At its best, good governance, risk and compliance management enables your business to accelerate change, enhance its reputation and improve the bottom line.
Your business knows its strengths, weaknesses, opportunities and threats. Leadership are engaged and promote a culture of excellence. Processes are effective and employees work to those processes.
The governance, risk and compliance management system is understood as the most important competitive weapon. It’s a profit-centre which is routinely monitored for improvement.
Finding the best GRC software
Governance, risk and compliance (GRC) software was originally designed to keep your information controlled in an electronic format. It was often only accessed by quality teams to show external auditors and customers processes and procedures.
Over time, however, GRC software has evolved to become a single source of truth for your entire business, underpinning every decision made.
GRC software is now a robust tool that helps businesses to manage complex processes, assign roles and responsibilities, identify risks and opportunities, capture data from applications across the business, automate workflows, and create instant KPI dashboards.
From a quality perspective, GRC software provides visibility into performance across your business. It is used to plan, manage, monitor and optimise. Whether your quality objectives are to focus on reducing the cost of poor quality, nurturing customer satisfaction or fostering a culture of continuous improvement, a GRC software solution is essential for every modern business.
GRC software costs
A number of factors go into how we price our software. Our pricing starts from £800 per month. Our software is an off-the-shelf solution, which means it needs a little configuration to make it work for your business and then you are good to go. This makes it a fast, easy way to implement a governance, risk and compliance management system which truly works.
Key GRC software considerations
If you’re a small business with only a few processes and a small number of standards and regulations to meet, you can probably get by using spreadsheets and paperwork. But if you’re a heavily-regulated large enterprise or a quickly-growing SME, a GRC solution is an essential investment that will deliver returns within several months of implementation.