If you’re considering automating your governance, risk, and compliance (GRC) program there are dozens of choices out there and choosing the one that’s best for your program can be challenging.

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5 Reasons to put ERM Tools on your
GRC shortlist by Steven Minsky
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EMAIL: info@globalriskconsult.com
If you’re considering automating your governance, risk, and
compliance (GRC) program there are dozens of choices out
there and choosing the one that’s best for your program can
be challenging.
To help you separate tools that have simply jumped on the
buzzword bandwagon from tools that will help you deliver
business value, here’s a list of five must have features required
to support your GRC or ERM program.
5 Reasons to put ERM Tools on your
GRC shortlist by Steven Minsky

3. WEBSITE: http://globalriskcommunity.com/
EMAIL: info@globalriskconsult.com
5 Reasons to put ERM Tools on your
GRC shortlist by Steven Minsky
Is GRC and risk management tied
to strategic goals?
Senior management is concerned with
where your organization is
going. Without a connection between
risk and strategic objectives, you’re
executive team is unlikely to make risk or
compliance initiatives a priority.

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EMAIL: info@globalriskconsult.com
5 Reasons to put ERM Tools on your
GRC shortlist by Steven Minsky
Does it directly link activities to
business performance?
 While it’s good to be in compliance and
have some risks covered, your risk and
compliance program should be aligned with
operational goals.
 This means using metrics and controls that
can actionably improve business
performance, not just meet requirements
or checking off a box.

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EMAIL: info@globalriskconsult.com
5 Reasons to put ERM Tools on your
GRC shortlist by Steven Minsky
Does it drill down to the process level?
Every day your front-line managers are
making decisions about risk. Does this
software give you transparency into these
decisions and will your process-level
managers be able to use it?

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EMAIL: info@globalriskconsult.com
5 Reasons to put ERM Tools on your
GRC shortlist by Steven Minsky
Is information shared across
business silos?
 Meeting several compliance standards
often requires the collection of similar
data.
 Does this software allow information to
be collected once and then be reused
across silos and functions to prevent
double-work?

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EMAIL: info@globalriskconsult.com
5 Reasons to put ERM Tools on your
GRC shortlist by Steven Minsky
Does it use SMART business metrics?
S.M.A.R.T. business metrics are built
at the process level, around root-
causes, are comparable, and are
forward looking to give you the most
complete picture of your risk and
compliance program.

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