How much risk is too much? Measures business in the era of unpredictability.

We did not imagine a pandemic; we have managed to adapt to managing supplies in this new situation. We did not imagine a war taking place a few hundred kilometers from our capital city – we are doing better and better in managing supplies and risks. The world’s changes are showing that we can adapt to anything. In one condition – think ahead and automate processes as much as possible.

  • ·Risk management and thoughts about recent situation in Europe.
  • What are the risk management opportunity nowadays?
  • Does pandemic is over?
  • How much risk is too much in IT business?

Creating cybersecurity armors is crucial to keep information’s safe. In pandemic time it was challenge to prepare for new world where a virus is disrupting.

We faced coronavirus epidemic, that created problems with the continuity of drug supplies not only in Europe, but in the whole world. Retail industry was facing many problems, not to mention struggling with a lack of people to work. Now in war era, that is coming to Europe we are asking a question how much risk is too much for our world?

We are sure that risk management is not only wide and mature area of management methodology that is built on existing knowledge but that, it is the time to use it!

How to design processes in companies to make sure that risk will be mitigated by organizations and vendors?

The simplest answer is – risk profiling. Verification of controlling mechanism is a crucial part of this process. First step is to verify all mechanism, including control, compliance and risk management opportunities. Then aggregate risk profiles with overall picture of risk at the specific organizational level. As we learned pandemics required a fundamental update in companies’ risk management, now we face the military conflict and war in the Ukraine. Compliance cannot be suspended during any outbreak (Covid, war).

Good practices are not only asking how much risk is too much for each organization’s level but also reflect on paper whole risk profiles. Audits should be mandatory in each level or activities; it helps to find risk management opportunities.

For sure audits will be marked by additional risks and cost. Some companies that are not well prepared will feel negative effects. Compliance is getting more and more important than has ever been. It’s difficult to predict anything right now. Global market has never been so volatile, time will tell what direction will it go.

Solutions

The AdaptiveGRC platform offers a variety of modules to help manage GRC activities for your company.

In order to meet your company's specific needs, our team of experienced developers can tailor the required functionalities to deliver exactly what your company needs. If your company requires a customized module to effectively meet its needs, we can help.

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    OUR TESTIMONIALS

    Read Gartner reviews to find out what users think about our solutions

    One of the best GRC software with very good price

    Adaptive GRC offers a great deal of flexibility in supporting GRC&AUDIT processes. The product is continuously developed and the customer receives new possibilities and functionalities. In addition, the price is very attractive in comparison to competitive products. The support team takes a flexible approach to the customer's needs.

    Sebastian B. CEO | Computer & Network Security

    Comprehensive platform for managing risk and compliance

    I used AdaptiveGRC Compliance and Risk Management modules for more than a year. Implementation went smooth, and the support team was always very helpful. I especially value the functionality AdaptiveGRC offers - all GRC processes can be managed in one tool, and there is a single database. The tool helped my organization lower operating costs and gain a better understanding of risks in the organization.

    Marcin K. Chief Information Security Officer | Financial Services

    Perfect program for compliance control

    It is amazing that thanks to AdaptiveGRC individual assessment management can be shortened from days to minutes. The tool can generate reports for different stakeholders containing only their desired assessment outcome data. I appreciate much the possibility of generating compliance specification lists for supplier contracts or internal departments.

    Jasween K. Compliance Pharmaceuticals

    AdaptiveGRC supports insurance companies in their risk and compliance management processes

    I used AdaptiveGRC to 1. support insurance companies' compliance management processes following a complex industry-specific regulation. 2. I also used AdaptiveGRC to support the process of managing and monitoring data processors as GDPR came into effect. I experienced a significant increase in efficiency in both cases.

    Verified Reviewer Insurance | Self-employed

    What's in a name...

    As the name is representative, AdaptiveGRC is a complete, interconnected GRC solution that can be adapted to organizations across industries and size. The AGRC team did a superb job designing and building a best-in-class GRC solution that addresses the challenges faced in today's uncertain and ever-changing global business climate. Working with the AGRC team has been a pleasure and the support they have provided is exceptional.

    D Scott C. Business Development | Biotechnology

    Financial institutions could benefit greatly from AdaptiveGRC

    I am happy to be able to use AdaptiveGRC in my work. This dedicated solution is very helpful for anyone that has to fill out the SREP questionnaire. The extra time I gained was priceless. The platform's design was also very appealing to me. The fact that it was so simple to use was a major plus for me. Due to its comparison capabilities with past years' forms, I was able to cut down on the amount of time it took to complete the new questionnaire. What is more, I was able to monitor the progress of the people assigned to the process.

    Anna C. Head of Fin Crimes Team | Banking

    Great support for inurance company

    My overall experience has been great. I also liked the layout of the platform. The time and control I gained is invaluable. I like the fact that it was very easy to use. It definitely allowed me to shorten the time I had to spend on filling out the SREP questionnaire. I also could easily control the status of work of my team members, check their progress, and monitor on daily basis.

    Verified Reviewer Insurance

    AdaptiveGRC - Big Player in GRC

    Easy to install and easy to configure. Out of the box solution. Cloud based or Server. AdaptiveGRC is an enterprise governance, risk management and compliance (eGRC) solution set with unique and unequalled capabilities. AdaptiveGRC can be deployed as one fully interconnected solution suite, or you can choose one or more modules.

    Leigh M. National Accounts | Consumer Goods

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