LogicGate has launched a tool that quantifies the financial impact of governance, risk and compliance programs, addressing a longstanding challenge for GRC leaders seeking to demonstrate return on investment. The GRC Program Value Realization Tool, available through the company’s Risk Cloud platform, tracks metrics including resource efficiency, revenue enablement and risk reduction in real time.
The Chicago-based company, which provides cyber risk and compliance management solutions, developed the tool to help organizations measure program performance through standardized metrics and align GRC initiatives with broader business objectives. The system leverages LogicGate’s Spark AI technology to integrate insights across core GRC functions.
“Too many businesses are flying blind when it comes to quantifying the value of their programs and how that equates to tangible business impact,” said Matt Kunkel, co-founder and CEO of LogicGate. “Now, they’re able to effectively measure the performance and financial impact of their GRC programs, tying outcomes directly to the business’ bottom line.”
