As security becomes more important to customers, compliance certifications become more critical for growth. Compliance teams are pressured to constantly keep up with mundane compliance activities, new business initiatives, and evolving compliance requirements. At a certain stage of maturity in a company’s compliance practices, these tasks become too complex to manually execute and track across spreadsheets and documents in a cloud folder. If your team is at the stage where compliance is requiring more people, more processes, and more hours to stay ahead, it’s time to invest in a more robust solution.
GRC software offers compliance teams the ability to streamline, organize, track, and (in some cases) automate IT security operations. Moving some of the complicated work of compliance to an application allows teams to reduce work hours, mitigate human error, identify threats, and avoid duplication of processes.
When your company has reached the point of maturity where compliance is burdensome and overwhelming, deciding to invest in GRC software is easy; the challenge is identifying what type of software will meet your needs. Different types of GRC software provide different modules to streamline and enable compliance work. Here are the main categories to consider.