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How REDE is Unifying GRC Solutions to Bridge Gaps in Highly Regulated Industries Using ServiceNow

  • Writer: Rede Consulting
    Rede Consulting
  • 12 minutes ago
  • 4 min read

Fragmented tools create fragmented risk. This is a reality many organizations in highly regulated industries face today. When governance, risk, and compliance (GRC) solutions operate in silos, visibility suffers, and gaps emerge. These gaps expose companies to compliance failures, operational inefficiencies, and increased risk. REDE is addressing this challenge by building a unified GRC solution on the ServiceNow platform, designed specifically for industries where regulation is strict and stakes are high.


This post explores how REDE is closing the gaps caused by fragmented tools, improving risk visibility, and delivering a connected GRC experience that supports compliance and operational excellence.



The Problem with Fragmented GRC Tools


Many organizations rely on multiple GRC tools, each designed for a specific function such as risk management, audit tracking, policy management, or compliance reporting. While these tools may be effective individually, they often fail to communicate with each other. This fragmentation leads to several issues:


  • Limited visibility: Risk and compliance data spread across different systems make it difficult to get a clear, consolidated view.

  • Data silos: Teams work in isolation, duplicating efforts or missing critical information.

  • Inconsistent processes: Without a unified framework, processes vary, increasing the chance of errors.

  • Delayed responses: Fragmented tools slow down the identification and mitigation of risks.

  • Higher costs: Maintaining multiple systems increases IT overhead and complexity.


In highly regulated industries like finance, healthcare, and energy, these challenges can lead to serious consequences including regulatory penalties, reputational damage, and operational disruptions.



Why Visibility and Connection Matter in GRC


Visibility is the foundation of effective risk management and compliance. When organizations can see all relevant data in one place, they can:


  • Identify emerging risks faster

  • Track compliance status across departments

  • Ensure consistent application of policies

  • Respond quickly to audit findings or regulatory changes


Connection between tools and teams supports collaboration and reduces duplication. It also enables automation of workflows, reducing manual errors and freeing up resources for strategic tasks.



How REDE is Creating a Unified GRC Solution


REDE recognized the need for a connected GRC platform that eliminates fragmentation. Their approach leverages ServiceNow, a powerful cloud-based platform known for its flexibility and integration capabilities. Here’s how REDE’s solution addresses the core challenges:


1. Centralized Risk and Compliance Data


REDE integrates risk, compliance, audit, and policy data into a single platform. This central repository allows organizations to:


  • Access real-time dashboards showing risk exposure and compliance status

  • Drill down into specific issues or controls without switching systems

  • Generate comprehensive reports for regulators or executives


2. Streamlined Workflows and Automation


By building on ServiceNow’s workflow engine, REDE automates routine GRC tasks such as:


  • Risk assessments and approvals

  • Policy reviews and updates

  • Incident reporting and remediation tracking


Automation reduces manual work and ensures consistent process execution.


3. Enhanced Collaboration Across Teams


The unified platform connects risk managers, compliance officers, auditors, and business units. Features like shared task lists, notifications, and comment threads improve communication and accountability.


4. Scalability for Complex Environments


Highly regulated industries often have complex organizational structures and multiple regulatory frameworks. REDE’s solution is designed to scale, supporting:


  • Multiple business units and geographies

  • Various regulatory requirements simultaneously

  • Customizable controls and risk frameworks



Eye-level view of a digital dashboard showing integrated risk and compliance metrics
REDE’s unified GRC dashboard on ServiceNow

REDE’s unified GRC dashboard on ServiceNow provides a clear view of risk and compliance status across the organization.



Real-World Impact of REDE’s Unified GRC Solution


Several organizations in regulated sectors have adopted REDE’s platform with measurable benefits:


  • Financial services firm: Reduced audit preparation time by 40% through centralized data and automated workflows.

  • Healthcare provider: Improved compliance tracking across multiple facilities, avoiding costly regulatory fines.

  • Energy company: Gained real-time risk visibility that enabled faster response to operational incidents.


These examples show how closing the gaps between fragmented tools leads to stronger risk management and compliance outcomes.



Key Features That Make REDE’s Solution Effective


  • Integrated risk library: Standardized risk definitions and controls aligned with industry standards.

  • Real-time alerts: Notifications for compliance breaches or risk threshold breaches.

  • Custom reporting: Tailored reports for different stakeholders including regulators, executives, and auditors.

  • Mobile access: Enables field teams to report incidents and access policies on the go.

  • Continuous monitoring: Automated data feeds from operational systems to detect risks early.



Why ServiceNow is the Ideal Platform for GRC Unification


ServiceNow offers several advantages that support REDE’s vision:


  • Single platform for IT and business processes: Enables integration beyond GRC, linking IT risk with business risk.

  • Strong integration capabilities: Connects with existing enterprise systems such as ERP, CRM, and security tools.

  • User-friendly interface: Encourages adoption across diverse teams.

  • Cloud-based scalability: Supports global operations with secure, compliant infrastructure.

  • Regular updates: Keeps pace with evolving regulatory requirements.



Steps to Transition from Fragmented Tools to a Unified GRC Platform


Organizations considering a move to a unified GRC solution can follow these steps:


  1. Assess current tools and processes: Identify gaps and overlaps in existing GRC systems.

  2. Define objectives: Clarify what visibility, automation, and collaboration improvements are needed.

  3. Engage stakeholders: Include risk, compliance, IT, and business leaders in planning.

  4. Choose a platform: Evaluate solutions like REDE on ServiceNow for fit and scalability.

  5. Plan phased implementation: Start with critical risk areas and expand gradually.

  6. Train users: Ensure teams understand new workflows and tools.

  7. Monitor and improve: Use dashboards and feedback to refine processes continuously.



The Future of GRC in Regulated Industries


As regulations evolve and risks become more complex, organizations must move away from fragmented GRC tools. Unified platforms like the one REDE offers on ServiceNow will become essential for:


  • Maintaining compliance with multiple regulatory bodies

  • Managing operational and strategic risks holistically

  • Supporting digital transformation initiatives

  • Enhancing transparency for stakeholders



 
 
 

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