You have challenging compliance requirements, not enough time to get audits done, and keeping up with risk assessments including third-party vendors is a continuous problem.
Most organisations leverage spreadsheets, documents and/or collaboration portals, as well as email threads and individual calendars to manage their Governance Risk and Compliance (GRC) initiatives. This is inefficient, error prone, costly, and a risk in itself. GRC is primarily a matter of “people and processes” and tools come second. However, old-school GRC offerings require many months of implementation and high consulting hours to stand up.