Now you’ll be able to see your establishment’s fraud and safety dangers in a brand new manner, with LogicGate Danger Cloud. Learn our evaluation right here.
Governance, threat and compliance is a broad discipline that encompasses the insurance policies, processes and programs that organizations use to handle their company governance, enterprise threat administration and compliance with exterior rules. GRC has develop into more and more essential lately as companies have develop into extra globalized and complicated.
A well-designed GRC program incorporates GRC software program corresponding to LogicGate Danger Cloud. These instruments assist organizations navigate these challenges by offering a framework for making choices, managing dangers and complying with rules. Moreover, GRC instruments enhance organizational effectivity and effectiveness by streamlining processes and lowering duplication of effort.
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What’s LogicGate Danger Cloud?
LogicGate Danger Cloud is GRC enterprise software program that helps organizations automate their threat administration processes and adjust to numerous regulatory necessities.
Key options of LogicGate Danger Cloud
No coding required
Maybe a very powerful function is that prospects get all of the performance with out having to put in writing a single line of code. This no code software is essential as a result of it hastens the deployment course of and reduces the educational curve.
Over 20 pre-built functions can be found in LogicGate Danger Cloud. Every utility is tailor-made to a particular use case based mostly on broadly accepted requirements and important management architectures. Examples of a few of these apps embrace:
- Enterprise influence evaluation
- Enterprise continuity process monitoring and plan administration
- Environmental and social influence evaluation
- CCPA compliance
- GDPR compliance
- ISO 27001
- Coverage and process administration
- Procurement and contract administration
A management is a component of the governance, threat administration or compliance operate that helps to handle or mitigate dangers or to realize the specified end result. For instance, a management in governance is likely to be a coverage that units out the expectations for Board habits, a management in threat administration is likely to be a restrict on publicity to monetary losses and a management in compliance is likely to be a process for making certain workers adjust to anti-bribery legal guidelines. A well-designed GRC program could have controls in all three areas that work collectively to assist the group obtain its targets.
The rising controls repository inside LogicGate Danger Cloud has over 300+ management households. This makes it straightforward for purchasers to discover a management that meets particular wants.
The entire LogicGate apps might be personalized utilizing a drag-and-drop function to permit an organization to tailor the software program to fulfill its particular necessities. As well as, the applying permits customers to create distinctive functions based mostly on GRC info from different instruments, corresponding to spreadsheets.
LogicGate Danger Cloud automates risk-related processes and workflows throughout the complete group. This function helps organizations save time and sources by eliminating guide duties. Automated workflows additionally enhance accuracy and consistency by making certain that every one steps in a course of are adopted appropriately.
Customizable dashboards provide you with full visibility into your group’s dangers, controls and compliance standing. The dashboards might be personalized to point out the knowledge that’s most essential to you. It’s also possible to drill down into the info to get extra particulars on particular objects.
Related view of property, controls and dangers
The Related View function offers you a holistic view of a corporation’s property, controls and dangers. This makes it straightforward to determine, quantify and mitigate cyber threat, and customers can see how points are interconnected and determine potential areas of GRC weak point.
Translate threat into monetary worth
Cash is a language each stakeholder understands. LogicGate makes it straightforward for organizations to translate threat into monetary worth. With this info, decision-makers know the place to allocate sources and methods to prioritize dangers. By understanding the monetary influence of dangers, companies could make knowledgeable choices about methods to defend themselves.
Professionals and cons of LogicGate Danger Cloud
- No-code platform, thus straightforward to make use of and deploy
- Pre-built functions save time and sources
- Constructed-in scalability to scale the GRC program because the enterprise grows
- Restful API that integrates effectively with different programs
- A whole bunch of third-party integrations
- Simple to customise workflows and processes to suit distinctive enterprise and regulatory necessities
- Easy pricing mannequin the place prospects purchase the functions wanted to run the GRC program and Energy Consumer licenses for the workers that may run them.
- Overwhelming platform attributable to massive variety of options and functions
- Complicated person interface
What prospects say about LogicGate Danger Cloud
LogicGate Danger Cloud is a reasonably new firm based in 2015. Nevertheless, in that brief time, the corporate has managed to outdo its extra senior opponents. The software has favorable scores on main score websites: For instance, at TechnologyAdvice, the corporate has 4.5 out 5 stars.
Prospects typically fee this product positively, saying that it’s user-friendly with nice customer support. One last level is that when buying LogicGate Danger Cloud, fastidiously consider the functions you’ll want to make sure you get worth for cash, as there are over 20 pre-built functions.