About Graci
Graci is a governance, risk, audit, and compliance (GRAC) software platform from RiskBusiness designed for businesses of all sizes. It combines the Graci Governance module, Graci Risk module, and Graci Audit module so organizations can manage their GRAC requirements effectively. This flexible, modular solution adapts to the unique needs of each business. Key capabilities: comprehensive governance management risk assessment tools audit tracking functionalities compliance monitoring reporting features Best for: businesses and organizations that need to manage their governance, risk, audit, and compliance requirements efficiently.
Graci by RiskBusiness is a comprehensive, modular GRC platform designed to provide a complete 360° perspective across Governance, Risk, Audit, and Compliance (GRAC) functions, particularly suited for large, highly regulated organizations. Delivered as a web-based SaaS solution hosted on Microsoft Azure, Graci integrates six core modules—Governance, Risk, Audit, Compliance, Intelligence, and Core Infrastructure—into a single platform, with its AI-powered digital assistant, Gracie, streamlining interactions and enabling automated data entry. The platform stands out for its extensive, continuously updated risk content, including thousands of KRIs, scenario libraries, and regulatory libraries, and its intelligence module, which aggregates internal and external data to provide early warnings on emerging risks and benchmarking insights. Graci also uniquely incorporates full internal audit functionality, allowing risk-based audit scheduling, working paper management, and remedial action tracking, alongside governance support for the Three Lines of Defence model and ESG/CSR initiatives. Compliance management is strengthened through AML/KYC/CTF case handling, regulatory tracking, and integration with Crawlie data collection tools.
Pros & Cons
- +Uses Gracie (AI assistant) and Crawlies (data collectors) to provide proactive, augmented risk warnings.
- +Includes extensive, pre-loaded, and updated KRI, Scenario, and Regulatory Libraries.
- +Utilizes known Azure data centers, easing concerns over data sovereignty.
- −The extensive modularity and feature depth may present a steeper learning curve for smaller firms.
- −Custom pricing model requires direct engagement, hindering easy cost comparison.
Features
Key features
- Intelligent Digital Assistant (Gracie) and Data Collection Apps (Crawlies)
- Features an intelligent assistant for queries and data entry, supported by data collection applications for both internal and external data harvesting.
- Fully Integrated Solution with 360° Vision
- Allows authorized users to identify links between data sets across all three lines of defense (Risk, Audit, Compliance) for proactive decision-making.
- Known and Secure Microsoft Azure Data Centers
- Deploys as a SaaS solution but assures clients of the exact geographic location of their data within identified Microsoft Azure Data Centers.
- Fully-Integrated Risk Content
- Includes continuously updated classification taxonomies, libraries of key indicators (KRIs, KCIs), scenarios, regulations, and public loss data.
- Intelligent Machine Learning and Cognitive Behavior Theory
- Employs advanced techniques to provide early warnings on emerging issues and enhance decision-making intelligence.
- Unique Data Separation and Encryption Technique
- Utilizes a distinct data separation and encryption method with multiple access controls to ensure data security and role-pertinent access.
Additional features
- Comprehensive flexible modular solution
- The software is a complete, adaptable system with distinct components tailored to modern GRAC requirements.
- Fully integrated risk content
- Available with pre-loaded and continuously updated risk data, including taxonomies, indicators, scenarios, and regulations.
- Continuously-updated breaking news or public loss data
- Provides current information on emerging risks and historical loss events.
- Unique data separation and encryption technique
- Employs a specific method to secure data confidentiality.
- Multiple levels of access controls
- Ensures only relevant staff can access the data pertinent to their role.
- Software-as-a-Service (SaaS) solution
- Delivered as a cloud-based service, requiring no local infrastructure.
- Utilises known, identified and secure Microsoft Azure Data Centres
- Ensures clients know the exact, secure location of their data.
- 360° Vision
- Provides an integrated perspective encompassing all second and third line of defence functions for proactive decision making.
- Fully integrated solution
- Allows authorized users to identify links between relevant data sets across all core modules.
- Intelligent digital assistant (Gracie)
- Capable of answering questions, retrieving data, and entering data into the application.
- Intelligent machine learning and cognitive behaviour theory
- Provides advance warning on emerging issues and augments decision-making.
- Crawlies (data collection applications)
- Data collection applications capable of retrieving relevant data from within the firm and the wider external environment.
- Six modules
- Comprises Governance, Risk, Audit, Compliance, Intelligence, and Core Infrastructure modules.
- Governance module
- Provides maintenance of governance-related reference data and specific governance functionality.
- Support for committees
- Manages information and processes related to organizational committees.
- Support for meetings
- Facilitates the management of meeting logistics, agendas, and minutes.
- Support for senior officers
- Manages data and processes related to senior management.
- Support for corporate, business and performance objectives
- Tracks and manages organizational goals.
- Support for the Three Lines of Defence
- Defines and supports the structure for risk and control oversight.
- Defining accountabilities
- Manages the definition of roles and responsibilities.
- External entities management
- Manages interactions with clients, regulators, vendors, and other external parties.
Pricing
Countries & Languages
Available in
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About Graci
Graci is a governance, risk, audit, and compliance (GRAC) software platform from RiskBusiness designed for businesses of all sizes. It combines the Graci Governance module, Graci Risk module, and Graci Audit module so organizations can manage their GRAC requirements effectively. This flexible, modular solution adapts to the unique needs of each business. Key capabilities: comprehensive governance management risk assessment tools audit tracking functionalities compliance monitoring reporting features Best for: businesses and organizations that need to manage their governance, risk, audit, and compliance requirements efficiently.
Graci Details
Graci's In-App Market Place
Does Graci have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
No
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), CAD (C$), AUD (A$), JPY (¥), CNY (¥), CHF (Fr), INR (₹), RUB (₽), BRL (R$)
Pros & Cons
- Uses Gracie (AI assistant) and Crawlies (data collectors) to provide proactive, augmented risk warnings.
- Includes extensive, pre-loaded, and updated KRI, Scenario, and Regulatory Libraries.
- Utilizes known Azure data centers, easing concerns over data sovereignty.
- The extensive modularity and feature depth may present a steeper learning curve for smaller firms.
- Custom pricing model requires direct engagement, hindering easy cost comparison.
Graci's Support Options
Email Address
info@riskbusiness.comContact
+44 (0)121 720 3366Graci's Alternatives
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