The “PROD14208 Integrated Risk Management” application offered by ServiceNow serves as a prominent solution for Governance, Risk, and Compliance (GRC), adept at handling various risk types encompassing business, operational, IT, and security aspects. This application offers a diverse set of modules, including:
Compliance and Policy Management: Likely aiding organizations in adhering to compliance standards and efficiently managing policies.
Risk Management: Streamlining the identification, assessment, and mitigation of risks throughout the organization.
Audit Management: Efficiently managing the audit process to ensure compliance and accountability.
Privacy Management: Assisting organizations in navigating privacy-related regulations and data protection.
Regulatory Change Management: Supporting organizations in staying updated with evolving regulations.
In addition, the application includes dedicated modules for managing Environmental, Social, and Governance (ESG) concerns, along with Business Continuity Management.
Licensing for this Integrated Risk Management solution is determined based on the number of IRM Operators, encompassing any user involved in IRM application workflows or processes in any capacity.
Please note that the pricing for this product is contingent upon a minimum total order value for all ServiceNow products, which must meet or exceed $120,000. This minimum order requirement ensures that the product pricing is applicable when acquiring ServiceNow products collectively.
This comprehensive solution is tailored to help organizations proactively address risks, maintain regulatory compliance, and enhance governance practices. For precise pricing details and further information regarding this Integrated Risk Management solution, it is advisable to directly contact the relevant service provider.