With siloed functions and disconnected systems, teams need assistance developing a road map for evaluating compliance and making informed decisions on how to mitigate risk. Protecting your assets, preventing costly penalties, and maintaining your reputation are major challenges for all involved.
Streamline Compliance with Regulatory Compliance Assessment Software
RiskWatch offers a Compliance Risk Management Platform, trusted by organizations worldwide. Choose from custom criteria or leverage our extensive library of over 40 regulatory standards. If you’re still conducting assessments manually, it’s time to experience the RiskWatch difference.
Key Features of our Compliance Management Platform
Compliance Automation
Automate workflows, streamline compliance tasks, and assign and track tasks
Pre-built Content Libraries
Access a library of 40+ pre-built frameworks and assessments aligned with standards, saving time and effort in compliance efforts.
Document Storage
Centralized platform for all your risk-related documents, ensuring they are always at your fingertips when you need them
Accuracy and Scalability
Minimizes human errors and handles large volumes of data. This ensures your risk management efforts remain effective as your organization expands.
Collaboration
Work together with your team seamlessly, share insights, and make collective decisions to manage risks effectively
Report Generation
Generate detailed and customized reports, providing a comprehensive view of your risk profile and compliance status
Ready to get started and automate your compliance process?
RiskWatch platform is easy to use, free to try, and can be customized to fit your business needs.
How It Works
Create Assessment
Create an assessment for one or more cyber assets and select the control framework to be addressed.
Understand the Risks
Determine the assessed risk based on customizable scales and metrics for asset value, likelihood, impact automatically.
Identify Security Gaps
Automatically gather asset control testing results from personnel, identify vulerabilities and offer recommendations.
Assign Tasks
Assign tasks to address vulnerabilities and improve asset risk scores.
Generate Reports and Dashboards
Analyze and report on high risk assets, common vulnerabilities, remediation efforts, and schedules – all on our dashboard. Generate custom reports across your entire organization down to single business units or departments.
The Challenges
Corporate executives face a multitude of challenges while managing regulatory compliance in what many regard as a complicated and expensive process. This is often attributed to low visibility of compliance-related activities, inconsistent or nonexistent metrics, and time-intensive manual processes.
Performing effective compliance assessments requires quality frameworks to ensure total compliance with regulations. Largely, assessments are time-consuming and compliance professionals need more time to analyze progress on mitigation that makes them compliant rather than spend time collecting and analyzing data.
The Impact
Companies have reported a previous inability to fully manage their compliance due to an unorganized risk management process that relied on unreliable manual processes, ultimately leaving them exposed and vulnerable.
Without a reliable platform to streamline assessments and automate key functions such as report writing and data analysis, these customers were struggling to complete their required assessments. This left numerous security gaps over extended periods of time and companies risking a failed audit should one have occurred.
Gaps in compliance leave your organization vulnerable to attacks and penalties, ultimately limiting growth, damaging reputation, and declining morale.
Achieve your Regulatory Compliance Goals with RiskWatch
Prebuilt Content Libraries
RiskWatch offers over 50 prebuilt content libraries that are ready for use in our platform. These libraries contain industry standards and regulations, lending subject matter expertise and guidance for organizations. Achieving compliance with these libraries ensures risk is minimized.
- Additional content libraries can be added to assessments with a single click.
- Reduce unnecessary costs by eliminating the need for third-party expertise.
- Custom libraries and any standard or regulation not already available can be created.
Automated Analysis
RiskWatch software streamlines the assessment process, using our intelligent analysis methodology to collect all relevant security data and highlighting any security gaps. Automated analysis aims to improve security positioning without the need to manually compare site data and risk scoring prioritizes projects, allowing you to manage security without getting stuck in the weeds.
- Automatically rank sites by risk to prioritize mitigation.
- Understand security at a glance with real-time dashboard analytics.
- 80% time savings when assessments were conducted using previous assessments performed in SecureWatch and compared to a manual assessment process.
Automated Reporting
RiskWatch enables customers to standardize and automate reporting functions directly within the platform. Several report templates are included by default, with the added option to create custom templates. Templates can be saved to meet data and visual preferences. With the correct templates saved, generate any report with a single click.
- Save an average of 16 hours per report
- View robust data from multiple sources within a single place.
- Increase transparency with any data available in any format, on demand.
Ready to get started and automate your compliance process?
RiskWatch platform is easy to use, free to try, and can be customized to fit your business needs.
FAQs
Get answers to some of the most frequently asked questions on our Compliance Risk Assessment Platform.
Or head over to the Contact Us page to have a compliance expert reach out to you.
Compliance management software is a crucial software for organizations to effectively handle their regulatory obligations, monitor adherence to policies, and manage risks.
It is a state of the art security and risk assessment platform that can be utilized for performing compliance and security risk assessments. Reduce exposure to liability, manage risk, monitor and maintain security, and track continuous improvement.
Compliance risk assessment involves identifying and evaluating risks related to regulatory compliance. Prioritize major risks, implement mitigation strategies, and continuously monitor controls.
Here are the steps to perform assessments:
1. Sign in to RiskWatch Platform or Get the RiskWatch Free Trial
2. Create and Complete the Assessment
3. Understand the Risks
4. Identify Security Gaps
5. Assign Tasks
6. Generate Reports
Your level of support depends on the package you purchased with your product (Essentials, Standard, or Enterprise). Click here to see our support levels
No. Our platforms are browser-based and can be used on any device that has a web browser and internet connection.
Get started quickly and easily- we set up and host your software site for you. No servers, no storage, no maintenance.
Compliance Risk management technology can provide numerous benefits, including:
- Improved efficiency: Automated tasks and data analysis.
- Enhanced accuracy: Reduced human error in risk assessment and reporting.
- Centralized information: A single platform for managing risk data.
- Real-time monitoring: Early detection of potential compliance issues.
The typical steps involved in compliance risk management include:
- Risk identification: Identifying relevant laws, regulations, and standards.
- Risk assessment: Evaluating the likelihood and impact of non-compliance.
- Risk response: Developing strategies to mitigate or avoid risks.
- Monitoring and reporting: Tracking compliance efforts and reporting results.
Failure to meet compliance obligations can result in:
- Financial penalties: Fines and penalties imposed by regulatory authorities.
- Legal actions: Lawsuits and litigation.
- Reputational damage: Loss of trust and credibility.
- Operational disruptions: Business interruptions due to investigations or enforcement actions.
The main features of the RiskWatch platform for Compliance Risk Management include Compliance automation,
Pre-built content libraries,
Document storage,
Accuracy and scalability, Collaboration,
Report generation
RiskWatch streamlines Physical Security Risk Assessments by automating workflows, streamlining compliance tasks, and assigning and tracking tasks.
Pre-built content libraries in RiskWatch are libraries that contain industry standards and regulations, lending subject matter expertise and guidance for organizations.
Additional content libraries can be added in RiskWatch by choosing from custom criteria using our Bulk upload option to perform custom assessments.
To generate detailed and customized reports, providing a comprehensive view of your risk profile and compliance status.
RiskWatch compares to manual processes by offering a more efficient and accurate way to manage risk and compliance. It reduces the time spent on assessments and minimizes human errors.
RiskWatch prioritizes compliance risk management by providing a centralized platform that simplifies compliance tracking, reduces risk, and ensures your organization is always audit-ready.
Ready to get started and automate your compliance process?
RiskWatch platform is easy to use, free to try, and can be customized to fit your business needs.
The RiskWatch Advantage
Global Leadership
RiskWatch has been a global leader in the risk and security software industry since 1993
Prebuilt Content Libraries
We offer over 40 prebuilt content libraries that contain industry standards and regulations
Keep Up with Regulatory Changes
Our Updated Compliance Framework Keeps You Meeting Standards. Trust RiskWatch for robust solutions, and achieve peace of mind.
Seamless User Experience
Designed with intuitive navigation and straightforward functionality, it enables users to harness its full potential with minimal training, streamlining your compliance and risk management processes from day one
