GRC Software for the Energy and Utility Industries

GRC Software for the Energy and Utility Industries

Today the Energy and Utility industries are facing more risks and threats than ever before. These include increased regulation, cyber threats, and vulnerable infrastructure. Quantivate GRC software solutions provide Energy and Utility companies an easy way to manage and mitigate risks, verify compliance, and ensure operations and infrastructures are properly supported.

The Quantivate GRC Suite for Energy and Utility Companies

With the Quantivate GRC software suite for energy and utility companies, it is easy to integrate distinct yet interdependent disciplines such as business continuity, vendor and supplier risk management, information and IT security, audit management, regulatory compliance, and enterprise risk management. Quantivate’s true SaaS platform is accessible from distributed locations such as substations, distribution towers, refineries, terminals, or power plants. The Quantivate platform is designed to allow seamless integration of data between the various Quantivate GRC modules. Its flexible design allows the solution to scale to the needs of any organization and helps them align business needs with risks and compliance efforts.

With the Quantivate GRC solutions, energy and utility companies can document, track, and manage all GRC initiatives at all levels of the organization. Quantivate GRC software solution allows organizations to focus on:

  • Managing standards and ensuring compliance with regulations such as NERC, FERC, SCADA, ISO, or SOX
  • Managing enterprise wide risk
  • Maintaining a secure IT infrastructure
  • Maintaining Actionable Business Continuity plans

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Capabilities You Need to Succeed

  • Business Process Library
  • Real-time Visibility into Risk Exposure
  • Improve Accountability
  • Integrate Informational Security
  • Enforce Organizational Standards
  • Ensure Regulatory Compliance
  • Prevent Future Losses
  • Quickly Deploy Customized Solution
  • Integrate with Any Data Source
  • Single-Sign On

Quantivate GRC Software for Energy and Utilities

Regulatory Compliance Management

The energy and utility industries are faced with many restrictions or requirements from regulators and customers. Non-compliance with these regulations is not an option and can result in significant fines and penalties from government regulators. The Quantivate Regulatory Compliance Manager (RCM) software module provides a strong solution for compliance managers to manage a wide variety of regulatory and compliance processes to ensures accountability throughout the organization. The software delivers key features to monitor pertinent regulations and other requirements, organize compliance documentation, run risk assessments, and demonstrate proof of compliance through robust reporting

The Quantivate Regulatory Compliance solution for energy and utility companies allows an organization to:

  • Manage standards like NERC, FERC, ISO, NIST, COBIT, Solvency II, NAIC-MAR, HIPAA, CFPB, and other regulatory bodies.
  • Perform a Risk Assessment on regulatory changes to identify gaps in compliance and determine the priority of implementation.
  • Create compliance task management and automated workflows.
  • Map and apply all regulatory requirements to applicable policies, controls, and processes.
  • Provide Compliance and Risk reporting for all levels.
  • Review the impact to the organization of compliance changes.