GRC Software: Why You Should Never Pay for Professional Services

Conservative estimates of GRC software implementations place the cost at either $200,000 or 50% of total licensing costs, whichever is greater. Even when initial costs are low, many vendors make up for apparent price reductions with professional services, or customizations, required to make the product work. Professional services are so ingrained in the software landscape…

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LogicManager Recognized With 14 Top GRC Software Vendors in 2016 Assessment

LogicManager was recognized in a leading industry analyst’s most recent evaluation of the top 14 GRC reporting software vendors. We take pride in the continued refinement of our product offerings and capabilities, as well as customer satisfaction levels unparalleled in the governance, risk, and compliance market. LogicManager’s business model is designed to remove frustrations common…

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compliance is a risk

Advice for Risk Managers: Treat Compliance Like a Risk, Not a Checklist

Many companies share some problematic habits when it comes to compliance management. The worst of them is treating compliance like a checklist. In other words, thinking, “If we meet these specific compliance requirements, our company should run efficiently and securely.” While this is a simplified outlook, the point remains the same. Being compliant guarantees neither…

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Strategic ERM

What’s Changing in the Approach to IT GRC?

Increasing cyber-hazards have been accompanied by another trend; Governance, Risk Management, and Compliance (GRC) focused on IT (referred to as IT GRC) is changing. More and more organizations have been turning to a risk-based approach. Traditionally, IT is comprised of a variety of underlying functions. These functions include: IT Asset Management, commonly used to inventory…

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operational risk management

Risk Identification and Monitoring Ensure Hospitals, Labs, and Retailers Remain in Compliance with EPA Standards

In light of recent events, the Environmental Protection Agency is using new monitoring techniques to evaluate the quality of companies’ classifications and reporting of hazardous materials. Ironically, as we all learned recently, even the EPA itself isn’t immune to catastrophic, if preventable, mistakes. New compliance regulations increase the importance of standardized risk identification, mitigation, and…

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