Survey Results: GRC Software
 1. When it
comes to specific GRC (Governance, Risk & Compliance) software
(not Word, Excel & E-mail), our company (Total responses:
n=9)
(select only one) |
| n=6 (66.67%) |
Doesn't have it and isn't considering using one in the
near future |
| n=2 (22.22%) |
Doesn't have it but is considering whether to use one |
| n=1 (11.11%) |
Adopted one within the past year |
| n=0 (0.00%) |
Adopted one more than a year ago |
2. For those with
GRC software, did the company (Total responses: n=1)
(select only one) |
| n=0 (0.00%) |
Build it in-house |
| n=0 (0.00%) |
Hire a service provider to build it |
| n=1 (100.00%) |
Purchase off-the-shelf software |
3. For those with
GRC software, please indicate subject areas your GRC software covers
(Total responses: n=2)
(select all that apply, may total more than 100%) |
| n=2 (100.00%) |
SOx (Sarbanes-Oxley) compliance |
| n=2 (100.00%) |
Employee Policy certification and management |
| n=1 (50.00%) |
Vendor/3rd party certification and management (e.g. FCPA)
|
| n=1 (50.00%) |
Industry Standard certification and management (e.g. CPI)
|
| n=1 (50.00%) |
ERM (Enterprise Risk Management) |
| n=1 (50.00%) |
Internal Audit |
4. For those
either with GRC software, or considering investing in it, the most
important criteria in selecting a product was/will be (Total
responses: n=3)
(select only one) |
| n=1 (33.33%) |
Increased productivity/efficiency (ROI) |
| n=1 (33.33%) |
Cost |
| n=1 (33.33%) |
Ease of use |
| n=0 (0.00%) |
Brand recognition |
| n=0 (0.00%) |
Security measures to prevent breaches |
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