It is common to see that organizations use word processing sheets, spreadsheets, and simple forms for assessment purposes, making it inefficient to track and monitor progress. Assessment practices face several challenges:
- Collaboration can be inefficient and difficult to manage over Word docs or spreadsheets
- Review, approval, and tracking are not standardized for regular audits
- Reminders of deadlines to complete assessments have to be sent manually
- Analytics of all ongoing assessments are challenging to compile
- Evidence collected for all assessments may not be centralized, making it difficult to extract
- It is challenging to keep up with frequent regulatory changes
- Maintaining periodic updates incurs high operational overhead costs
- Sharing assessment results with customers and partners manually via email or other insecure channels
