CHOOSING THE RIGHT RISK MANAGEMENT SOLUTION

BIC GRC vs Microsoft Excel

When it comes to risk management, choosing the right tool can make a big difference in your organization's resilience and long-term success. See why BIC GRC outshines Microsoft Excel and how it can lift your governance, risk, and compliance processes to the next level.

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Table of contents

Author
Philipp Strokosch

Do These Problems Sound Familiar?

Not great. Support and training is also a bit questionable.

There is a learning curve to master working with Excel. I wish Excel provided their own tutorial.

Product Tester

… not the easiest software. Most of the time when I try a new feature, I have to go watch a YouTube video ...

Manager

One aspect of Microsoft Excel that I find most challenging is its intricacy when handling extensive datasets or utilizing more advanced functionalities.

Network Performance Analyst

Most users can only handle the basics in Excel, and working on complex spreadsheets in a collaborative environment is challenging.

CEO

It can get technical. Also the UI could use an upgrade.

Most users can only do basic things in Excel and it is hard to do advanced spreadsheet work in a collaborative environment.

CEO

Working with confidential or sensitive data would require some security, which Excel does not offer. It is easy for data to be deleted, changed, or stolen …

Quality Assurance Tester

No archive of reports, making it impossible to restore after deleting something; no ability to easily create custom data connectors.

End User

Documents cannot be embedded within the software; No option to store information.

* These quotes come from independent review platforms such as Capterra and Gartner.

4 Reasons to Say YES to BIC GRC

Superior User Experience

Our modern, easy-to-use interface helps your team get started quickly and collaborate efficiently – minimizing the learning curve and maximizing productivity.

Limitless Scalability

The software scales effortlessly, allowing you to expand your risk management while keeping operations smooth – even with large, complex datasets.

Secure Systems

Designed to integrate seamlessly with your existing IT systems, BIC GRC ensures smooth workflows, greater transparency, and robust security for your stored data.

Reasonable Pricing

Experience powerful GRC features and modules on a scalable, adaptable platform that grows with your business, thanks to a flexible, needs-based licensing model.

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BIC GRC is an excellent alternative to using Excel and Outlook. Whenever we come across spreadsheets, we always explore the possibility of switching to BIC GRC, and in most instances, it is a feasible option.

Ewa Cebula Group Digitalization Officer, Universal Investment

Why Choose BIC GRC over Microsoft Excel

BIC GRC

Microsoft Excel
Risk Management Capabilities

Designed specifically for risk management with automated workflows, built-in risk assessments, and a powerful simulation engine
Risk Management Capabilities

Requires manual tracking with no built-in risk management or simulation features
Targeted Solutions

Out-of-the-box modules for risk management, compliance, internal controls, audits, and more
Targeted Solutions

No pre-built GRC functionalities; everything must be created manually
Collaboration & User Access

A central platform for teams to manage risks together, with role-based access and real-time updates
Collaboration & User Access

Shared files with limited collaboration options; risk of version conflicts
Reporting & Insights

Automatically generates transparent, customizable reports to support clear decision-making
Reporting & Insights

Reports must be created manually, which is time-consuming
Data Visualization

Provides interactive dashboards with real-time data and dynamic visualizations
Data Visualization

Offers basic charts but lacks advanced, automated visual analysis
Scalability & Performance

Efficiently processes large amounts of data with structured workflows
Scalability & Performance

Limited scalability; can slow down or crash with very large datasets
Audit-Readiness

Complete audit trail with automated logging of all changes for compliance
Audit-Readiness

No built-in audit trail; manual tracking is required, and data might get deleted or lost
Flexibility & Customizability

Highly configurable to match company-specific risk and compliance requirements
Flexibility & Customizability

Requires manual setup with custom formulas and templates
Suitability

Designed for businesses of all sizes, with enterprise-grade scalability and security
Suitability

Lacks governance, control, and automation needed for large-scale risk management
Integration Capabilities

Easily connects to other IT systems for seamless data exchange
Integration Capabilities

No direct system integration; data must be imported or exported manually

Companies worldwide rely on BIC GRC

From Excel to Excellence

Managing risks and opportunities doesn’t have to be a hassle. With BIC GRC, transitioning from spreadsheets or other outdated systems is smooth and efficient:

  • Bring your data with you: Easily import your existing risks, controls, and compliance data. No need to start from scratch!
  • We've got your back: Our expert team ensures a smooth migration while keeping everything structured and compliant.
  • Easy for everyone: The intuitive interface makes it simple for risk managers, compliance teams, and other business users to get started fast.

Sign up for a personalized, free demo and see for yourself how BIC GRC can transform your risk and compliance management to support your company’s growth and lasting success.

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BIC GRC Goes Beyond Traditional Risk Management. The Comprehensive, Scalable Platform Solution Enables You to:

Add modules as you please

Quickly integrate our out-of-the-box solutions, with the flexibility to seamlessly expand and customize them as your business grows.

Grow at your own pace

BIC GRC smoothly adapts to your current maturity level, allowing you to start easily where you are and gradually build your processes.

Cover all areas of GRC

From risk management to compliance and audits, BIC GRC covers all aspects of governance, risk, and compliance in one platform.

About the Expert

Philipp Strokosch

Head of Product Line GRC & Managing Director GBTEC Austria

Since July 2024, Philipp Strokosch has been the Head of Product Line GRC and Managing Director at GBTEC. Before that, he led the development of innovative Governance, Risk, and Compliance (GRC) solutions as Head of Sales, helping businesses prepare for the future through digital transformation. With over a decade of experience, including serving as Country Manager for a Fortune 500 risk management company listed on the New York Stock Exchange, Philipp is a recognized expert in sustainable risk management. Together with his team, he creates customized solutions that drive long-term success and ensure regulatory compliance.

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What Makes Us the Leading GRC Software? See for Yourself!

Discover how BIC stands out in the world of governance, risk, and compliance. 

Watch our quick product tour video for exciting insights into our cutting-edge GRC platform and how it can help guide your company into a more efficient, modern, and successful future!

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20 Years in the market
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