Policy and Compliance Management is a software solution offered by ServiceNow as part of their Governance, Risk, and Compliance suite. This tool is designed to help organizations manage their policies and ensure compliance with various regulations and standards in real-time, effectively mitigating risks and enhancing overall business resilience.

Key Features

Real-time Risk Management Enables organizations to identify and address risks as they occur

• Continuous monitoring of compliance status
• Instant alerts for potential risk events

Policy Management Centralizes and streamlines policy creation and enforcement

• Policy creation and distribution tools
• Version control and policy lifecycle management

Compliance Tracking Ensures adherence to regulatory requirements and internal standards

• Automated compliance checks
• Customizable compliance frameworks

Benefits

Improved Risk Visibility Provides a clear view of the organization's risk landscape

• Real-time risk dashboards
• Comprehensive risk reporting

Enhanced Operational Efficiency Streamlines compliance and policy management processes

• Reduced manual effort in policy management
• Automated compliance workflows

Increased Business Resilience Helps organizations adapt to changing regulatory environments

• Rapid response to new compliance requirements
• Proactive risk mitigation strategies