What is Governance, Risk and Compliance software?
GRC (Governance, Risk and Compliance) software is used to help organizations effectively manage risk, control processes, manage IT and security risks and meet regulatory compliance requirements.
However, with so many GRC options available it can be challenging to navigate the noise and decide on the right solution. It’s important to choose a solution that’s right for your business and your goals. It’s not a one solution fits all. That’s why we recommend exploring your options and talking to GRC software companies to find a solution that’s right for you.
Why explore SafePaaS?
GRC software, such as SafePaaS, helps organizations streamline and automate audit, risk and compliance requirements allowing them to effectively and efficiently mitigate risk in business-critical applications across the entire business in real-time.
Cloud-based SafePaaS offers a complete platform of risk management solutions providing cross-application capabilities for a complete view of risk across the entire organization. In today’s complex business environment, many enterprises run more than one ERP system and being able to have a complete view of risk across all these critical applications in a centralized platform for one source of truth is key for businesses to truly identify hidden risk, get ahead of the competition and flourish.
SafePaaS is an easy-to-start, easy-to-grow platform, allowing organizations to discover risk quickly and reliably by leveraging our ERM solution, track what users are doing inside your systems with a complete audit trail, monitor transactions, configuration and master data changes as well as automate processes.
SafePaaS can be integrated with all the major tier-one ERP systems including Oracle E-Business Suite, Oracle ERP Cloud, PeopleSoft, J D Edwards, NetSuite, Workday, and SAP. It also seamlessly integrates with your favourite applications such as Okta and ServiceNow allowing you to prevent risk in the user provisioning process. Through our innovative DataProbeETL technology, SafePaaS is able to push and pull data securely from 90% of the world’s information systems giving our customers a true picture of their risk.
SafePaaS provides an easy-to-use platform that offers actionable risk insight through modern, drill-down dashboards which not only help identify hidden risk in real-time for a pro-active approach to risk management but allow customers to remediate within the platform to address issues right there and then.
SafePaaS offers a wide range of risk management solutions and risk management services allowing customers to build their own journey to truly reduce risk across the entire business.
- Cross-application capabilities for comprehensive coverage across the entire organization (segregation of duties, transaction monitoring, configuration monitoring, access reviews...)
- Real-time reporting with many meaningful reports.
- Workflow remediation.
- The largest catalogue of rules organizations can leverage to select rules which matter the most.
- Risk Management services, remediation services and training included.
- SafePaaS isn't just software, it delivers outcomes.
SafePaaS is easy to set up and requires minimal technical skills. The unmatched expertise and hands-on experience in the Oracle GRC space make it ideal for customers using ERPs in the Oracle family including E-Business Suite, Oracle ERP Cloud, PeopleSoft, J D Edwards and NetSuite. It is a popular solution for forward-thinking enterprise customers with unique, complex business challenges that understand the real value of a complete GRC solution that doesn’t stop at a report.
Deciding on a GRC solution is a challenge and it’s important to find the right solution for your business that will help propel your business forward.
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Top Technology Risks of outdated GRC
The GRC software market emerged in the early 2000’s with the growing need to align governance risk and compliance activities after the well-publicized, meteoric rise and fall of major business such as Enron Corporation , an American energy company based in Houston, Texas, and the de facto dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world.