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Empowering Excellence: LogicGate’s Risk Cloud Triumphs in G2 Winter 2024 Grid® Reports
As the curtain rises on 2024, the G2 Winter 2024 Grid® Reports have cast a spotlight on Logicgate Risk Cloud, propelling our industry-leading GRC platform to the forefront of excellence in risk management across multiple categories, including Enterprise Risk Management (formally the GRC Platform Grid) where the platform was honored as a leader for the 18th consecutive quarter.
G2, a renowned peer-to-peer review platform, releases its Grid® Reports quarterly, providing a comprehensive analysis of various software categories. These reports amalgamate user reviews, market presence, and social impact to offer a representation of real users' experiences. Recognized as a trusted benchmark, the Grid® Reports help businesses navigate the crowded software landscape and make informed decisions.
LogicGate's Stellar Performance Across Key Categories:
1. Enterprise Risk Management (ERM):
In the realm of ERM (formally the GRC platform grid), LogicGate Risk Cloud has not just emerged but has solidified its position as a Leader in the G2 Grid®. ERM software helps businesses mitigate risk to minimize financial, legal and all other liabilities. This category addresses the overarching risks an organization faces in its daily operations, financial activities, and strategic initiatives.
The platform's exemplary ERM satisfaction ratings include:
- Quality of Support: 98%
- Ease of Use: 89%
- Meets Requirements: 90%
- Ease of Admin: 89%
- Ease of Doing Business With: 98%
- Ease of Setup: 87%
Risk Cloud was also given a 4 or 5-star rating by 99% of its users.
View the G2 Winter 2024 Grid® Report for Enterprise Risk Management (ERM)
2. Policy Management:
Policy Management is a critical aspect of organizational governance, ensuring policies are crafted, communicated, and adhered to effectively. This type of software helps companies ensure employees and business partners comply with corporate standards regarding issues such as security, privacy, inappropriate behavior, or breach of trust.
LogicGate Risk Cloud's recognition as a Leader underscores its commitment to providing a robust platform for creating, managing, and enforcing policies.
High satisfaction ratings reinforce its impact:
- Quality of Support: 98%
- Ease of Use: 89%
- Meets Requirements: 92%
- Ease of Admin: 91%
- Ease of Doing Business With: 99%
- Ease of Setup: 88%
Additionally, 100% of users believe the platform is headed in the right direction, with 95% indicating they would recommend the solution to its peers.
3. Operational Risk Management:
LogicGate’s large market presence helped the company earn recognition in the Operational Risk Management category which focuses on identifying, assessing, and mitigating risks arising from day-to-day operations. Software featured in this category prevent losses that may be caused by different factors such as human behavior, inconsistent processes, or issues related to technology.
LogicGate Risk Cloud highlights its effectiveness in:
- Delivering various methodologies and frameworks for risk management
- Including standard processes for risk assessment and mitigation
- Providing workflows to define and assign tasks related to risk management
- Integrating and aligning operational risks with business processes
- Complying with laws and regulations or internal company policies
- Monitoring the performance of the operational risk management activities
- Analyzing operational incidents or losses and their impact on the company
Users laud its capabilities with satisfaction ratings:
- Quality of Support: 98%
- Ease of Use: 91%
- Meets Requirements: 91%
- Ease of Admin: 90%
- Ease of Doing Business With: 99%
- Ease of Setup: 87%
4. Third-Party & Supplier Risk Management:
In an interconnected business landscape, managing risks associated with third parties and suppliers is paramount. LogicGate Risk Cloud has been recognized as a Leader in Third-Party & Supplier Risk Management, reflecting the platform’s power in mitigating risks beyond organizational boundaries.
Satisfaction ratings include:
- Quality of Support: 97%
- Ease of Use: 89%
- Meets Requirements: 90%
- Ease of Admin: 88%
- Ease of Doing Business With: 97%
- Ease of Setup: 87%
Notably, 99% of users rated it 4 or 5 stars, 98% of users believe it is headed in the right direction, and 92% of users said they would be likely to recommend the platform.
5. IT Risk Management:
The digital age demands meticulous IT Risk Management to safeguard against data breaches and ensure the security and privacy of critical information. IT risk management software protects business data against all risks associated with the use of software and hardware.
LogicGate Risk Cloud's status as a High Performer in IT Risk Management showcases its prowess in protecting businesses from IT-related risks.
Users commend the platform with satisfaction ratings:
- Quality of Support: 98%
- Ease of Use: 90%
- Meets Requirements: 91%
- Ease of Admin: 90%
- Ease of Doing Business With: 98%
- Ease of Setup: 90%
Risk Cloud also received recognition in the Regulatory Change Management, Audit Management, Incident Management, Business Process Management, and Security Compliance categories.
Why LogicGate?
These accolades are not mere symbols; they represent LogicGate’s commitment to:
- User Satisfaction: High satisfaction ratings underscore user trust in our platform and support services
- Comprehensive Features: Risk Cloud offers a feature-rich environment, ensuring organizations have the tools they need for effective risk management
- User-Friendly Design: Our platform combines power with user-friendliness, emphasizing a seamless experience for our users
- Industry Versatility: Tailored to diverse industries, Risk Cloud displays adaptability and versatility
These wins validate our platform's effectiveness, user satisfaction, and ability to address the evolving challenges in today's risk landscape. Being recognized as a Leader in multiple categories reaffirms LogicGate’s commitment to empowering organizations with the solutions needed to navigate and manage the intricate realms of risk management.