Unlike Excel, a dedicated GRC platform is designed for automation, collaboration, and compliance tracking. Instead of juggling multiple spreadsheets, compliance teams can manage risks, track control effectiveness, and generate reports from a single system.

One of the key advantages of a GRC tool is automation. Instead of manually updating risk scores or control test results, a GRC platform like daitaGRC can automatically assess risks based on pre-set criteria, regulatory requirements, and real-time data. This reduces human error and ensures compliance data remains current and audit-ready.

Built-in risk assessment frameworks also eliminate redundant work. A GRC tool can map risks and controls across multiple regulatory frameworks, so compliance teams don’t have to manually duplicate assessments for SOX, ISO 27001, NIST, or SOC 2.

Maintaining audit readiness in Excel is a logistical nightmare. Gathering evidence often requires pulling data from multiple spreadsheets, cross-referencing information, and ensuring that nothing has been deleted, altered, or duplicated. This fragmented approach not only increases compliance risk but also slows down the audit process.

A GRC platform, on the other hand, provides a single source of truth for all risk and compliance data. Instead of searching through outdated spreadsheets, compliance teams can quickly generate reports with built-in audit trails, showing who made changes, when they were made, and why. This level of transparency is critical for passing audits with confidence.