Governance, Risk, and Compliance (GRC) demands are increasing, especially as businesses face ever-changing regulations and growing security threats. Many companies, especially those in the mid-market and startup sectors, are turning to Managed Security Service Providers (MSSPs) to help navigate this complexity.
However, to scale their services effectively and efficiently, MSSPs need a streamlined approach to managing GRC tasks. Enter the power of GRC platforms. By leveraging templated workflows and automated features, MSSPs can provide consistent, high-quality services while staying flexible enough to meet diverse client needs.
For MSSPs, offering GRC services often involves:
When done manually, this process can be time-consuming and error-prone, making it difficult for MSSPs to scale their services without increasing costs and manual burnout.
Templatizing GRC with a Platform ApproachA GRC platform allows MSSPs to templatize and automate key elements of their service offerings, creating a more efficient and scalable business model. Here’s how:
1. Pre-Built Questionnaires for TenantsInstead of starting from scratch, MSSPs can use platform-based templates for risk assessments, vendor evaluations, and compliance questionnaires. These templates can be easily customized based on industry or regulatory requirements, such as:
MSSPs can guide their clients by recommending the most relevant compliance frameworks, all sourced from a centralized library.
The platform can also dynamically map a tenant’s existing controls to the selected frameworks, reducing redundancy and effort.
3. Risk & Issue Tracking from a Central LibraryMSSPs can leverage a comprehensive library of common risks and recommended mitigations. Instead of reinventing the wheel for every assessment, they can quickly identify and address key vulnerabilities for their clients.
One of the most time-consuming parts of GRC is generating audit-ready reports. GRC platforms can automate this process by pulling data from assessments, issue logs, and framework mappings.
By leveraging a GRC platform to templatize offerings, MSSPs can:
For clients, the benefits of MSSP-powered, platform-driven GRC are clear:
In today’s fast-paced regulatory environment, MSSPs must adapt to stay competitive. By adopting a GRC platform and templatizing key service offerings, they can deliver scalable, high-quality solutions that meet the diverse needs of their clients.
The result? Happier clients, better compliance outcomes, and a stronger bottom line for MSSPs.
If you’re an MSSP considering GRC-as-a-Service or looking to optimize your existing offerings, now is the time to explore platform-driven solutions that empower your team and your clients alike.
The tool is very powerful and by using the various modules, we can centralize a lot of oversight and governance of our issues, vulnerabilities, risks, vendors, control framework, compliance and risk assessments. Given the flexibility of the tool, we can tailor it to meet our specific needs. I would say the biggest advantage and differentiator with TruOps is the support and expertise you get along with the tool. The support staff is extremely responsive, helpful and very knowledgeable in risk management. Not only do you get support resources that are always willing and ready to help, but you get high quality risk advice and guidance.
Director – Information Security & Risk, leading Health Care
All it takes is 30 minutes to see how TruOps will get you to assessments and beyond.