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The Best Governance, Risk, and Compliance Software to Consider

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Description: AuditBoard is a cloud-based GRC offering that includes a suite of risk, audit, and compliance tools. With the platform, users can conduct internal audits, manage risks, optimize workflow efficiency, maintain SOX compliance, and manage controls. Fusion Risk Management. Platform: Fusion Framework System. Platform: SAI360.

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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

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Following the Great Recession, regulators began requiring enhanced disclosure about risk and corporate governance. For example, SVB had a Moody’s A1 issuer rating and KPMG signed off on SVB’s bank’s audit just 14 days before it declared bankruptcy. A SOC2 audit only covers a limited subset of the product part of a company.

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Why Buying SaaS GRC Software Is a Smart Investment

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But developing, implementing and maintaining a robust corporate governance, risk management and regulatory compliance program requires resources. Managing risk, compliance, and audit processes is complex and resource intensive. That’s time and money that might be better spent elsewhere.