ServiceNow's Governance, Risk, and Compliance (GRC) suite provides a unified approach to managing compliance, risk, and operational resilience. It integrates multiple functionalities including Integrated Risk Management, Business Continuity Management, Privacy Management, and Third-party Risk Management on a single platform. This integration allows organizations to eliminate data silos, automate workflows, and gain actionable insights to make informed decisions.

Key Features

Integrated Risk Management Supports identification and management of enterprise-wide risks.

• Continuous monitoring for high-impact risks.
• Automated policy lifecycle management.

Business Continuity Management Enhances resilience through proactive planning and testing.

• Development of comprehensive continuity plans.
• Crisis management workflows for effective recovery.

Privacy Management Ensures compliance with global data privacy regulations.

• Workflow automation for managing privacy risks.
• Privacy impact assessments to gauge risk.

Third-party Risk Management Streamlines management of risks associated with third-party relationships.

• Automated due diligence processes for onboarding and renewals.
• Continuous monitoring of third-party risk postures.

Benefits

Improved Business Resilience Strengthens operations to quickly recover from disruptions.

• Enhances compliance with emerging regulations.
• Supports growth through efficient processes.

Real-time Insights Facilitates rapid response to changes in risk and compliance posture.

• Continuous monitoring to avoid costly consequences.
• Tailored dashboards for informed decision-making.

Cost Reduction Automates repetitive tasks to allow focus on high-value work.

• Increases efficiency through self-service capabilities.
• Reduces redundancy in processes across teams.