CA looks to leapfrog competitors in the governance, risk and compliance space with the latest version of its new tool, CA GRC Manager 2.0. The tool features new dashboards and a broad risk management framework intended to help organizations develop a unified risk management policy.
CA has released a new version of its risk management tool with a
broader set of features meant to help companies take a more
comprehensive approach to risk management and compliance.
In CA GRC Manager 2.0, CA has included a common risk management
framework designed to provide a uniform set of risk-related metrics,
assessment processes, identification and terminology for
the entire organization.
"Since we first launched CA GRC Manager in 2007, we have been
talking about helping our customers achieve a unified view of their GRC
programs with a centralized repository of cross-referenced information
about risk and compliance - this is the challenge that CA GRC Manager
helps our customers overcome," said Tom McHale, vice president of
Product Management of GRC Products at CA. "But, with this release,
it's the first time we're talking about a common risk management
framework across the enterprise."
For a closer look at CA's GRC Manager, click here.
"As a result, the customer benefits from consistent risk
terminology, assessment processes, and specific risk metrics," he
continued. "When everyone uses the same framework, you can dramatically
improve collaboration, risk awareness and assessment, and overall risk
Once the assessment is completed, users can leverage a new set of
dashboards to monitor risks and track the trending of risk status
over time. All this, McHale said, can help companies avoid taking a
siloed approach to risk management, which can hurt overall security
"Things may appear to be at acceptable levels independently, but
when added together create an enterprise wide risk problem," he said.
The latest version of the tool comes with a large library of
enterprise risks, risk templates and aggregation that includes more
than 200 pre-configured risk types. The product also features
customizable automated workflow processes to allow assessments to be
done more easily by people who have access to accurate and timely
information related to individual risks. Comprehensive risk metrics are
also designed to enable improved quantification of operational risks,
CA officials said.
"You have the greatest level of visibility when a risk manager or
business leader can actually see - with easy to use dashboards and
reports - their current risk status, based on data that is provided by
people on the front-lines," McHale said.