FAQ's

GRC software is a tool that allows organizations to document, manage and report on the risk profile of the business.  Through systemic processes embedded in the software, employees can determine where risk exists, what controls have been developed to address those risks and determine how effective controls are in addressing each specific risk.

While there are many benefits to utilizing GRC software, one of the most effective is the ability of a CEO to demonstrate to the Board of Directors exactly how his management team is defining and managing risk. Through demos of the software as well as reports generated by the software, a CEO can highlight management of individual risks and integrated risks thereby giving the Board of Directors comfort that the business is on top of this important aspect of the business.

Because all businesses deal with risks GRC software can provide real value. For example, completing a comprehensive risk assessment may highlight gaps in current control processes. Also, a good GRC will document the businesses risk and controls so stakeholders will feel comfortable with management. Finally, GRC can provide a competitive advantage by allowing management to leverage well-managed risk in opportunity exploitation.

There are many benefits. From the simple documentation of risks and controls to development of Key Risk Indicators and Key Performance Indicators to Board and Investor reporting, GRC can help an organization demonstrate a systemic, comprehensive and integrated risk management process.

Intuitive GRC is simply that the software is designed to follow a logical risk based flow making it easy for any employee to use the software. This is pivotal in creating an effective risk management system and developing a risk management culture within the organization.

Absolutely. In fact, why wouldn’t it be? Every employee deals with risk and should be able to share in the identification of risk, provide input on effectiveness of controls, and recommend solutions to risk based problems. This is how cultures are built and customer satisfaction is generated.

Leveraging GRC software to provide integrated perspectives is fairly simple. First, you need to ensure that the risks impacting your business are segmented into categories. Then, while populating the software you have to ensure that linkages between the risk categories are highlighted and indicated in the software. Then simply create the reports showing the impacts of the risk categories based on their interactions amongst themselves.

RSP is an acronym that stands for Regulations, Standards and Policies. The RSP Module in Z Horse will allow you to upload all the information regarding the adherence with mandated boundaries (laws and regulations) as well as voluntary boundaries (company’s policies, procedures, etc.).

When we say that ZHORSE is a strong GRC solution we refer to the power of the software. Any solution should permit multiple users, easy and timely dataflow, and enough modules that can easily integrate for deep analysis. ZHORSE offers this powerful approach to GRC.

When we talk about “Agile” we are referring to the ease of pivoting from on module to another, from input to analysis, from data flow to data monitoring and from data review to data reporting. The agility required to quickly move from one place to another is exactly what ZHORSE provides.