Setting new standards for governance & compliance solutions: GBTEC’s BIC GRC Platform Acknowledged by Gartner?
GBTEC Group
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GBTEC Holding GmbH is recognized as a Representative Vendor in the 2023 Gartner Market Guide to GRC Tools for Assurance Leaders
GBTEC, with its comprehensive BIC GRC software, has been recognized in the latest edition of the Gartner Market Guide to GRC Tools for Assurance Leaders. [1] The report, released in August 2023, explores the evolving GRC landscape, showcasing key industry trends and analyzing the capabilities offered by GRC tool providers. We believe this esteemed recognition epitomizes GBTEC’s commitment to excellence and innovation in the Governance, Risk, and Compliance field.
Gartner? accentuates the importance of GRC Tools
As the business world evolves, so do the intricacies and external regulations regarding risk and compliance management. To meet these new challenges, innovative solutions and adaptability on the corporate side are more in demand than ever.
Against this background, GRC tools are becoming increasingly vital as they address the growing demand for risk and compliance process automation, driven by factors such as heightened regulatory oversight, digitalization, and the need to manage complex risk landscapes efficiently. According to Gartner analysts, “assurance leaders are transitioning away from manual risk management approaches, which are often time-consuming, inconsistent and centered on checkbox activities. They are instead adopting digital approaches that are more dynamic, defensible, data-driven and more capable of supporting near real-time, risk-informed decision making.”
What is more, GRC tools provide powerful reporting features that are key to ensuring transparency and trustworthiness. By offering valuable insights for both internal and external audits, GRC tools empower stakeholders and decision-makers to make smart, timely choices.
The GRC market is evolving
As the volume of regulatory and operational requirements for companies continues to grow, GRC tools are increasingly expected to support a wider array of workflows. To adapt to this shift, vendors are broadening their scope by extending modular GRC capabilities and enhancing integration with specialized solutions. By doing so, GRC solution providers help organizations digitize their processes, streamline their decision-making, and thus remain agile in an ever-changing landscape.
GBTEC’s commitment to GRC excellence
In our perspective, being listed as a Representative Vendor of GRC solutions by Gartner highlights the exceptional quality and value that BIC GRC brings to GBTEC’s clients.
"For us, this recognition by Gartner conveys two messages," so Samuel Brandst?tter, Managing Director & Head of Product Line GRC at GBTEC. "Firstly, it fills us with pride as we believe it validates our ongoing efforts to provide a robust GRC platform that allows organizations to sustainably advance their Governance, Risk, and Compliance portfolio. Secondly, it also reinforces our commitment to continue optimizing our solution and to support our customers in realizing the greatest possible benefits in both the short and long term."
[1] Gartner, Inc. "Market Guide for GRC Tools for Assurance Leaders" by Lauren Kornutick, Zachary Ginsburg, Elizabeth Makris, 24 August 2023?
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Get to know BIC GRC
BIC GRC is GBTEC's advanced solution for Governance, Risk, and Compliance management, covering all critical GRC aspects while staying current with external regulations and best practices. The expandable and customizable platform serves as a central hub for all GRC processes, including Enterprise Risk, Internal Control, Information Security, Data Protection, Business Continuity, and Internal Audit.