Scrut Automation launches “Risk Management” for cloud-based companies

• Scrut Risk Management is designed to help clients manage their risks more effectively.
• The tool streamlines risk assessments by automating risk identification, evaluation, mitigation and monitoring.

BENGALURU, India–(BUSINESS WIRE)–#Automation— Scrut Automation, a leading compliance automation platform, unveiled Risk Management, a first-of-its-kind risk assessment tool, to further strengthen its offerings in the compliance automation industry.

Larger organizations use legacy Enterprise Risk Management (ERM) tools to manage their risk assessment and governance processes, but these are difficult to adopt for mid-sized SaaS and Fintech companies and often lack relevant integrations. Scrut Risk Management is an advanced, easy-to-use product that aims to help clients gain complete insight into their risks, enabling them to better prioritize and manage risks. Scrut Risk Management does this through:

• Automated risk identification: Pre-built library of risks guides organizations in identifying relevant risk areas and uncovering often overlooked risks.
• Clear integrations: With out-of-the-box integrations, the tool connects across an organization’s application landscape to identify potential areas of risk.
• Real-time risk register: A real-time risk register provides a comprehensive overview of all organizational risks, strategies and actions adopted to manage them, and remaining risks.
• Mitigation control monitoring: The tool has automated workflows for tracking the implementation of and gathering evidence for mitigating controls.
• Risk assessment reports: The tool generates automated risk assessment reports that can be easily shared with compliance auditors for SOC 2, ISO 27001, PCI DSS, GDPR and other infosec frameworks.

Kush Kaushik, co-founder of Scrut Automation, said: “Legacy enterprise risk management tools are large to use and often overkill for growth stage and mid-market startups. Scrut Risk Management is built to bring enterprise-class risk assessments to this segment through an automated risk observatory around multiple cyber assets, processes and endpoints.”

For more on Scrut Risk Management, please visit their blog post.

About Scrut Automation

Scrut Automation is an innovative governance, risk and compliance automation platform for growing startups and mid-sized businesses. With Scrut, compliance teams can reduce ~70% of their manual effort to maintain compliance with SOC 2, ISO 27001, GDPR, PCI DSS and privacy laws such as HIPAA, GDPR and CCPA. To learn more about Scrut Automation and its offerings, visit www.scrut.io.

Contacts

Media Contact: Scrut Automation | Amrita Agnihotri | [email protected]