Governance, risk, and compliance (GRC) is the framework an organization uses to align its information technology with its business goals and objectives. This framework is made up of three components: Governance, Risk & Compliance.
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02 · More About
More about GRC.
Three questions worth answering before you commit to a platform decision. Scroll through them.
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01 / 03Definition
What Is ServiceNow Governance, Risk, & Compliance (GRC)?
ServiceNow Governance, Risk, and Compliance (GRC) is a multidisciplinary set of ServiceNow applications that are designed to empower enterprise organizations to identify and manage risk in order to make informed decisions for process and compliance improvements. ServiceNow GRC offers an integrated framework that shifts processes from siloed spreadsheets and databases into one single point of reference for the interconnected architectures and processes.
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02 / 03Case
Why You Need ServiceNow GRC?
Governance, risk, and compliance can touch any and every aspect of your organization. In the simplest terms, GRC determines the rules of your organization, sets audits in place to ensure those rules are followed, and protects the business if those rules are broken. Governance, risk, and compliance can touch any and every aspect of your organization. In the simplest terms, GRC determines the rules of your organization, sets audits in place to ensure those rules are followed, and protects the business if those rules are broken.
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03 / 03Value
The Benefits Of GRC
Identify Risks, Improve Business Resilience, Boost Productivity, Improve Strategic Planning and Decision Making!
03 · Applications
GRC Applications.
Scroll to advance·06 in this suite
01 / 06Application
Policy And Compliance Management
ServiceNow Policy and Compliance Management provides a centralized process for managing your organization’s internal policies and cross-maps them to external regulations and best practices. It creates structured workflows for the identification, assessment, and continuous monitoring of control activities. ServiceNow Policy and Compliance Management serves as an integration point with a globally recognized compliance aggregator for importing regulatory compliance frameworks. With the application, you can easily automate best practice lifecycles and unify compliance processes.
02 / 06Application
Risk Management
ServiceNow Risk Management enables organizations to continuously monitor and identify high-impact risks and make risk-informed decisions. The application leverages both qualitative and quantitative risk scores, powered by service performance data with business impact derived from your instance’s CMDB. Key risk indicators help users to easily identify non-compliant controls, monitor high-risk areas, and manage their KRI and KPI library. ServiceNow Risk Management can dramatically improve your decision-making process and reduce your reaction time.
03 / 06Application
Business Continuity Management
ServiceNow Business Continuity Management (BCM) enables organizations to plan, exercise, and effectively overcome business disruptions such as natural disasters, supply chain disruptions, or utility outages. With ServiceNow BCM, you can identify and prioritize critical business services to produce recovery time and recovery point objectives. The application allows you to scope, prepare and execute on actual or planned events and enables scenario analysis so you can test the steps your business needs to take to restore operations.
04 / 06Application
Vendor Risk Management
ServiceNow Vendor Risk Management transforms the way you manage vendor risk by automating assessments and providing transparent reporting. The application helps organizations identify vendor risks and issues and establishes a consistent assessment and remediation process to increase transparency and accountability of third-party stakeholders. With ServiceNow Vendor Risk Management, organizations can eliminate siloed spreadsheets and manual tracking of vendors and instead leverage a single database within their ServiceNow instance.
05 / 06Application
Audit Management
ServiceNow Audit Management helps organizations prioritize internal audits using risk data to eliminate recurring audit findings and enhance audit assurance. With audit engagements, you can streamline the audit process through creation, planning, scoping, and conducting engagements. Using indicators and systems in their CMDB, organizations can design and automate tests to eliminate errors and reduce manual effort. The application also enables audit project management, so you can track the management and resource allocation of an engagement using ServiceNow Audit Workbench and Project Portfolio Management.
06 / 06Application
Performance Analytics
ServiceNow Performance Analytics is an excellent application for reporting and analyzing governance, risk, and compliance. The application provides instant insight into current data as well as trends over time with responsive and interactive dashboards. With over 600 out-of-the-box KPIs, Performance Analytics offers agents tools and dashboards for measuring success. The application gives managers the data they need to make swift and accurate executive decisions.
04 · Ready to explore GRC?
Bring GRC into your ServiceNow environment.
A short call is enough to scope what GRC looks like for your operations — implementation, optimization, or a fresh build.
