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As the landscape of risk and complexity of business continue to evolve, so do the challenges in evaluating such a pervasive and broad area that touches nearly every aspect of modern business operations. From the earliest hype cycles providing guidance on GRC technology lifecycles, to discipline-specific critical capabilities and magic quadrants, Rsam is proud to continue to be recognized by Gartner as they lead a paradigm shift in how to best describe the complexity.
Gartner defines Integrated Risk Management (IRM) solutions as the combined technology, processes and data that fulfill the objective of enabling the simplification, automation and integration of strategic, operational and IT risk management across an organization (source: Gartner’s Magic Quadrant). Having recognized Rsam since 2012 and building off the Leader positions in both the 2017 IT Risk Management and IT Vendor Risk Management Magic Quadrants, Gartner declared the company a Visionary in the newly established Integrated Risk Management space.
Rsam customers have been taking an integrated approach to risk management since 2005. So, while the nomenclature might be new to some, integrated risk management is simply a part of the DNA of our product, our people, and our vision. Understanding that IRM is a journey which is unique to each organization, we encourage you to learn more about the use cases and critical capabilities that best align to your objectives.
Taking an integrated approach to risk management is essential for virtually every organization today. The ability to demonstrate value quickly, provide program flexibility and adapt to ongoing changes with very little resources will be critical for customers embarking on the IRM journey.
Integrated Risk Management is about relationships. Relationships between data, between processes, and between systems. “Rsam possesses an innovative approach to building relationships between any defined "object" (person, process, technology or data) as a foundation for its IRM management, analysis and reporting approach”.
The IT Risk Management (ITRM) market is a part of the growing category of Integrated Risk Management (IRM) solutions.” Rsam has a long heritage in supporting the critical infrastructure that so many organizations are increasingly dependent upon. Per Gartner, Rsam’s “scalability and reliability are among the best in market for when ITRM teams are required to search and chart millions of records, import/export large datasets and analyze intelligence on terabytes of data.” (source: Gartner's Magic Quadrant)
Go beyond the Magic Quadrant and learn why Rsam received top scores in all defined use-cases within this subsegment of the IRM solutions market. “Rsam offers strong capabilities across all three of the IT risk management use cases: basic risk and controls self-assessment, advanced risk management and governance, and cybersecurity risk management. The overall value proposition appeals to midsize and large enterprises.” (source: Gartner Critical Capabilities)
“By 2020, 75% of Fortune Global 500 companies will treat Vendor Risk Management as a board-level initiative to mitigate brand and reputation risk.” Citing customer feedback of Rsam’s VRM solution, the report states ‘the application is viewed as easy to implement, and intuitive workflows make it relatively easy for business users to operate.’
“Without defining vendor risk appetite, governance, and agreed-to processes and organizational alignment, VRM solutions’ effectiveness is greatly diminished. VRM solutions provide the tools to automate processes, provide risk and performance reporting, and enable better risk-based decision making over the life cycle of a vendor relationship.” Find out why Rsam scored among the top 3 Vendors in 2 of the 3 use cases Gartner identified as essential to IT Vendor Risk Management.