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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