GRC System
A GRC system helps organizations coordinate governance, risk, and compliance activities through a connected operating environment. LaserGRC brings policies, risks, controls, regulatory requirements, audits, assessments, findings, and remediation activities together so teams can manage governance processes with greater structure and visibility.
What this solves for governance, risk, and compliance teams
Disconnected GRC Activities
Bring governance, risk, compliance, audit, and control information into a shared environment instead of managing each area through separate tracking systems.
Manual Compliance Coordination
Create organized workflows for obligations, assessments, evidence, reviews, findings, and corrective activities to reduce reliance on fragmented manual processes.
Limited Cross-Functional Accountability
Connect responsibilities to risks, controls, audits, compliance activities, and remediation tasks so teams can see who owns each activity.
Incomplete GRC Visibility
Give management and GRC stakeholders a consolidated view of risk exposure, compliance status, control performance, audit activity, and unresolved issues.
Governance Frameworks
Organize policies, governance structures, responsibilities, approval processes, and related documentation within a centralized GRC environment.
Risk Management
Capture organizational risks, conduct assessments, assign ownership, document treatment strategies, and monitor changes in risk exposure.
Compliance Obligations
Maintain regulatory and internal requirements, map obligations to relevant controls, assign responsibilities, and monitor compliance activities.
Control Management
Create and maintain control records, connect controls with risks and requirements, coordinate testing, and track control deficiencies.
Audit & Assessment Activities
Coordinate audit engagements, assessments, evidence collection, findings, recommendations, and follow-up actions through structured workflows.
Issues & Remediation
Track findings, exceptions, corrective actions, owners, deadlines, and resolution progress while maintaining supporting records.
How a GRC system connects governance, risk, and compliance
Assess GRC Requirements
Review existing governance structures, risk frameworks, compliance programs, control environments, audit processes, and reporting needs.
Design the GRC Framework
Establish the organizational structure, relationships, categories, ownership models, workflows, and data elements required within the system.
Consolidate GRC Information
Bring relevant risks, policies, controls, obligations, audit records, assessments, findings, and supporting documentation into the platform.
Configure GRC Workflows
Set up processes for assessments, control testing, compliance reviews, audits, issue management, remediation, approvals, and reporting.
Validate the GRC Environment
Test configured workflows, permissions, relationships, notifications, reporting, and operational processes to confirm alignment with business requirements.
Optimize GRC Operations
Use reporting insights, stakeholder feedback, and periodic reviews to refine workflows and strengthen the organization's ongoing GRC program.
FAQs
(Frequently Asked Questions)
What is a GRC system?
A GRC system is software that helps organizations coordinate governance, risk, and compliance activities within a centralized environment. It can connect risks, controls, policies, regulatory obligations, audits, assessments, findings, and remediation activities.
What can a GRC system manage?
A GRC system can support activities such as risk management, compliance obligation tracking, policy management, control management, internal audits, assessments, issue tracking, remediation, and GRC reporting.
Who uses a GRC system?
GRC systems can be used by risk, compliance, internal audit, governance, finance, security, legal, and operational teams depending on the organization's governance and risk requirements.
Can a GRC system connect risks and controls?
Yes. LaserGRC can associate risks with controls, requirements, policies, assessments, and remediation activities, helping teams understand how different GRC components relate to one another.
How does LaserGRC support GRC management?
LaserGRC provides a centralized environment for managing governance structures, risks, compliance requirements, controls, audits, assessments, findings, corrective actions, and reporting through connected GRC processes.
Create a more coordinated GRC operating environment where risks, controls, obligations, audits, findings, and remediation activities can be managed through connected processes. LaserGRC helps organizations strengthen visibility and accountability across their GRC program.
