When deploying a technology platform for any GRC process, many questions are considered during the procurement process.
“How long will this take to get up and running?”
“Is it customizable?”
“Is this software affordable – and what if we choose to expand the scope of our deployment?”
Within the scope of GRC, policyIQ can be used to implement nearly any type of risk assessment – and can be done quickly (with custom tailored content), all at an affordable price. It’s a system that grows as you grow. But as you likely know, risk assessments are an area that has a seemingly infinite number of options on how to get from A to Z. Fraud Risk? Financial Risk? Third Party Risk? And the various methodologies to achieve each can be staggering.
Can I implement my own methodology, or am I forced to use the software’s built-in items?
You’d be surprised to find that for many software platforms, the response to this doesn’t always yield positive answers. One of the benefits of utilizing policyIQ is that the keys are in your hand for making this decision. We have clients from all corners of the globe that choose to use their own methodologies when leveraging our software – and are able to do so with excellent results. Likewise, many organizations have sought subject matter expertise, looking for a proven methodology and guidance to help them get the ball rolling.
Regardless of the approach, policyIQ’s flexible platform is fine-tuned by the client to become the go-to place for establishing a consistent and reliable risk assessment environment, year after year.