In today’s fast-paced digital landscape, organizations face an ever-growing number of security threats and compliance challenges. Many businesses struggle with risk management, often relying on outdated, manual processes. However, that old-fashioned approach can lead to inefficiencies, errors and overlooked vulnerabilities. In fact, the average mean time to remediate (MTTR) a vulnerability is approximately 270 days.
Enter Risk Manager — a powerful new feature included in Compliance Manager GRC at no additional cost, designed to help organizations implement and maintain an effective risk management program with ease and efficiency.
What is Risk Manager?
Risk Manager is an innovative tool that centralizes IT security, data security and compliance risk management into a single pane of glass. This revolutionary feature enables organizations to assess risks holistically, prioritize them effectively and implement strategic responses to mitigate potential threats. By providing a comprehensive view of an organization’s security posture at a glance, Risk Manager empowers IT and security teams to make informed, data-driven decisions faster while maintaining alignment with regulatory requirements and industry best practices.
Key benefits of Risk Manager
Risk Manager offers IT teams an array of benefits by equipping them with the advanced tools they need to effectively identify, assess and mitigate security and compliance risks.
Centralized risk visibility
Risk Manager provides a comprehensive view of security and compliance risks across the organization. By consolidating risk data from multiple sources, it enables IT and security teams to efficiently uncover trouble spots and proactively address potential security and compliance threats before they escalate. Risk Manager helps organizations stay secure and compliant without creating additional work for IT teams.
Streamlined risk management
Manually managing risk is both time-consuming and prone to errors. Automation, however, is a game changer. Risk Manager automates the entire risk management process, from identifying and documenting risks to prioritizing and tracking remediation efforts. Leveraging automation simplifies risk management by improving efficiency, reducing human error and ensuring that risk mitigation strategies are aligned with both the company’s needs and relevant regulations.
Improved decision-making
The real-time risk intelligence and analytics that IT teams gain from Risk Manager can speed up decision-making. It’s easy to gain a comprehensive view of a company’s risks when all of the information you need is in one place. The actionable insights that Risk Manager provides also help organizations focus on their most pressing security and compliance challenges. By understanding the impact and likelihood of risks, security teams and leadership can make data-driven decisions and allocate resources more effectively, ultimately strengthening their overall security strategy.
Faster risk prioritization
Not all risks carry the same level of urgency. Effective prioritization is a must for successful management of security and compliance risk. Risk Manager uses advanced risk assessment methodologies to help organizations prioritize and address the most critical risks first. Automated risk scoring and categorization ensure that high-impact threats and compliance gaps are positioned at the front of the line and addressed promptly, reducing the likelihood of lingering problems and unpleasant surprises.
Key functionalities of Risk Manager
These are just a few of Risk Manager’s innovative, time-saving features that empower IT teams to efficiently manage security and compliance risks while quickly resolving issues.
1. Comprehensive risk insights
Risk Manager consolidates and analyzes risk data across the entire IT infrastructure, providing a summarized yet detailed view of an organization’s security and compliance risks. By visualizing vulnerabilities and security gaps in a centralized dashboard, IT teams can quickly assess their organization’s total risk landscape to uncover hidden threats and take action to mitigate them before they escalate into major incidents.
2. Automated risk management
Any process that relies on humans faces a big challenge: human error. That includes manual risk assessments and mitigation planning. But with Risk Manager, you can automate key risk management processes, including risk identification, assessment and response planning, making it much less likely that your team will make mistakes that can be costly and damaging later, and ensuring that risk mitigation strategies are consistently applied across the organization.
3. Risk prioritization and response
Not all risks carry the same level of urgency. Are you confident that everyone on your team can quickly and accurately prioritize your organization’s risks? Risk Manager automatically assesses and classifies risks based on a host of factors including their severity, potential business impact and likelihood of exploitation. It then prioritizes those risks accordingly, enabling security teams to focus on mitigating the most critical threats first. This structured approach reduces exposure to cyberthreats and compliance violations while ensuring optimal resource allocation.
4. Real-time status updates
Risk Manager puts the information that is needed to keep everyone on the same page in one easy-to-access place, from risk analysis reports to treatment plans and response statuses. Keeping every stakeholder informed ensures seamless collaboration across business areas like IT, security and compliance teams. With instant updates and automated reporting, Risk Manager ensures that decision-makers have the information they need to act quickly to address risks and maintain a proactive security posture.
5. Seamless compliance alignment
Maintaining compliance with industry standards and regulatory frameworks is a constant challenge. Risk Manager simplifies this process by mapping risks to relevant compliance requirements, helping organizations stay aligned with regulations such as GDPR, HIPAA, NIST and ISO27002. Proactively identifying compliance risks reduces the likelihood of compliance failures and costly penalties. Risk Manager also takes the stress out of audits by automating audit preparations, so you can feel confident that all your bases are covered.
Start using Risk Manager in three easy steps
It’s easy to take advantage of the many benefits of Risk Manager. Just follow these simple steps to get started:
1. Perform a technical review and compliance assessment
Build a strong foundation for risk management by conducting a thorough assessment of your IT security and compliance posture. This smart first step will help you definitively identify vulnerabilities, security gaps and compliance deficiencies.
2. Generate a Plan of Action and Milestones
With the analysis results in hand, you can create a strategic Plan of Action and Milestones (POAM) to address identified risks. Your POAM is automatically populated in Risk Manager, which prioritizes corrective measures based on risk severity and compliance requirements. As you update the POAM, Risk Manager updates in real-time, ensuring you stay on track.
3. Gain a clear picture of your risks and how you can mitigate them
With the first two steps complete, you’ll now have an easy-to-interpret visual representation of your organization’s risk profile on your Risk Manager Dashboard. Continuous real-time updates make it easy for you to ensure that your team is taking the right steps to mitigate your existing risk while enabling you to effortlessly monitor your ongoing security and compliance risk picture for new issues.
Why Risk Manager matters
Many organizations either lack a formal risk management program or rely on outdated, error-prone methods like spreadsheets and manual tracking. This fragmented approach allows security and compliance risks to go unnoticed until they escalate into costly issues — something no company can afford today.
The Forum of Incident Response and Security Teams (FIRST) predicts that IT professionals will face an estimated mean of 45,505 CVEs in 2025, resulting in a predicted 11% increase compared to 2024, and a massive 470% increase compared to 2023.
Risk Manager transforms risk management by streamlining processes with an intuitive dashboard and powerful automations. It helps organizations proactively identify and mitigate risks, strengthen compliance and enhance cyber resilience — all while saving time and resources.
With its automated, visual-first approach, Risk Manager eliminates tedious manual processes, reducing human error and ensuring teams focus on the most pressing security concerns. By providing real-time insights and actionable intelligence, it empowers organizations to make informed decisions faster and with greater confidence.
Ready to transform your risk management approach? Discover how Risk Manager in Compliance Manager GRC can help you take control of your security and compliance risks today. Schedule your demo of Compliance Manager GRC today!
