SutiGRC is a web-based solution for effectively managing governance, risk and compliance related initiatives within an organization
SutiSoft, a provider of hosted and enterprise solutions announced the release of SutiGRC, a system to help organizations manage corporate governance, risk and compliance, the company said.
How does it work? SutiGRC is integrated with the existing infrastructures and promotes the management of certain processes with distribution and approval capabilities. One highlight of this system is it allows risk management strategies to be built into the corporate management mission to engage employees and enhance business discussions.
Now, organizations are able to identify and predict risks, thus giving time to implement actions to reduce the extent of loss. The solution aligns vendors to internal governing policies, create and renew contracts on the go, manage assets, monitor and plan mitigations for loss events, and improves compliance to various regulatory mandates.
‘SutiGRC is the single most integrated solution available to both public, private, small and medium businesses (SMBs) to manage their organizations,’ says ND Reddy CEO of SoftSuit. ‘The solution provides the necessary management tools to comply with government regulations at enormous cost savings.’
Some of the topics that the modules contains:
Identity management: Managers are able to create and manage user groups and identities
Access management: Users can request access for other roles/areas where managers can grant or deny access.
Compliance management: Here, users are allowed to define compliance maps and connect them to controls, policies and regulations. Managers can view, test histories, dashboard reports and take the necessary actions to improve effectiveness.
Risk management: Users are given the opportunity to define risks, predict probabilities and identify the impact.
Asset management: Assists the managers and users. It gives users the chance to review, monitor assigned assets and report resulting outcomes to managers.
Additionally, alerts and notifications have been designed to update managers or executives when ‘highly potential risk, loss event, asset failure or non-compliance is identified and specific critical processes are executed,’ SutiSoft said.
