What is integrated risk management software?

Integrated risk management software improves upon older governance, risk, and compliance/controls (GRC) tools. GRC tools mostly focus on government regulations and audits and stop short of offering top-to-bottom insights into all the risks an organization faces. That’s where advanced integrated risk management software comes in.

What is integrated risk management (IRM)?

Integrated risk management (IRM) is a holistic, organization-wide approach to addressing risk which welcomes input from various functions, including risk management, cybersecurity, compliance, and various business units.

What makes a good integrated risk management program?

An IRM program should be collaborative and involve both IT and business leaders alike. The term integrated risk management was first coined by Gartner in 2017, in response to a more complex risk landscape brought about by increased digital processes, globalization and heavier reliance on third parties.