Santa Clara, California-((Business line)-ServiceNow (NYSE: NOW) is a leading digital workflow company dedicated to providing people with better jobs and a better work experience. The company has been shortlisted in the 2020 Gartner Magic Quadrant for IT Risk Management leader. The ServiceNow’s governance, risk and compliance (GRC) platform was evaluated.
According to Gartner, “The growing demand for ITRM solutions from security and risk management leaders stems from cybersecurity plans, board risk oversight, and digital compliance obligations.” In addition, “by 2025, global mid-market and large enterprises 50% of them will rely on risk management solutions to aggregate digital risks in their business ecosystem, up from 10% in 2018.” 1 piece
As companies strike a balance between new workplace rules and business processes, and continue to transform their operations digitally, exposure to risks is increasing. ServiceNow’s GRC platform can provide real-time visibility into high-risk areas and non-compliance through the Now platform, thereby helping companies become more agile in decision-making.
Vasant Balasubramanian, Head of Risk Products at ServiceNow, said: “We believe that Gartner’s recognition of ServiceNow’s GRC platform is a critical moment in this new normal, as the company is doubling down on its digital risk management strategy.” “In agility and flexibility, When business success is critical, ServiceNow’s modern cloud-based platform enables our customers to proactively manage risks throughout the corporate workflow.”
ServiceNow connects business, security and IT within the integrated risk framework on the Now Platform. With the ServiceNow GRC platform, customers can:
- Improve decision making and performance Embed risk intelligence in daily work and integrate it into the entire enterprise.
- Real-time understanding of risks Continuously monitor risk and compliance-scale.
- Increase productivity and reduce costs Automated cross-functional workflows across operational silos.
- Effective communication Communicate with stakeholders in the organization through comprehensive reports of current risk data supported by Now Platform.
One of the advantages of Now Platform is that it allows customers to quickly access new features. Since the beginning of 2020, ServiceNow has provided new features by expanding its support for operations and supplier risk management as part of its quarterly release cadence through the ServiceNow App Store.
extra information
1 piece Gartner, Inc. , “Magic Quadrant for IT Risk Management”, Khushbu Pratap, Brent Predovich, and Claude Mandy, August 11, 2020.
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About ServiceNow
ServiceNow (NYSE: NOW) is creating the world of work and making people work better. Our cloud-based platform and solutions provide digital workflows that create great experiences and release productivity for employees and businesses. For more information, please visit: www.servicenow.com.
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