GRC: OOB vs Advanced/IRM PRO

[Lottet13]

Hi - does anyone have or know of a list or table showing the differences between the standard/out-of-the-box Audit and Risk modules vs the next level-up (IRM Pro/Advanced Risk and Audit) modules?

[Rahul Kumar17]

Hi Lottet,

The standard/out-of-the-box Audit and Risk modules in ServiceNow provide basic functionality for tracking risks and auditing activities. However, the next level-up IRM Pro/Advanced Risk and Audit modules offer additional features and capabilities that can be beneficial for organizations with more complex risk management and auditing needs.

Here are some of the main differences between the two sets of modules:

IRM Pro/Advanced Risk:

• Offers a more comprehensive risk management framework with advanced capabilities for risk identification, assessment, response planning, and monitoring
• Provides tools for performing risk analyses, including scenario analysis and stress testing
• Allows for risk reporting and dashboarding, including the ability to create custom reports and views
• Includes integrations with other ServiceNow modules, such as Policy and Compliance, Vendor Risk Management, and Security Operations

Advanced Audit:

• Offers more advanced auditing capabilities, such as audit planning and scheduling, audit testing, and audit reporting
• Provides customizable audit workpapers and templates
• Includes integrations with other ServiceNow modules, such as Risk Management, Policy and Compliance, and Governance, Risk, and Compliance (GRC)

Overall, the IRM Pro/Advanced Risk and Audit modules offer more advanced capabilities and integrations with other ServiceNow modules, making them better suited for organizations with more complex risk management and auditing needs. However, the standard/out-of-the-box Audit and Risk modules may be sufficient for smaller organizations or those with less complex risk management requirements.

Thanks,

Rahul Kumar

[Rahul Kumar17]

Please be kind enough to mark my answer correct.

[Lottet13]

Thank you for the information - it is very high-level and I am looking for something that shows a 1-to-1 comparison (like a table).

For example:

                      OOB     IRM PRO

Risk Events   No        Yes

...etc...