LogicGate product overview
LogicGate, or LogicGate Risk Cloud, is an end-to-end suite of applications that blend flexibility and out-of-the-box functionality to aggregate, manage, and mitigate the entire risk landscape within an organization. Equipped with a quantitative understanding of their organization’s risk posture, business leaders can supercharge risk programs and take on smarter risks and opportunities.
LogicGate offers modern risk management technology to proactively transform risk enterprise-wide. The platform gives a wide range of solutions with data mapping capabilities, enabling users to increase control and visibility into operations. Companies can rapidly adapt to changing business conditions and confidently innovate and build new processes as they go.
Organizations can customize LogicGate to their unique needs now and as they evolve.
Pros of LogicGate
- The solution complies with applicable data privacy laws, including GDPR, and is Privacy Shield certified. It treats customers’ platform data as confidential.
- It facilitates implementing risk assessments with internal stakeholders to determine the likelihood and potential impact of risks.
Cons of LogicGate
- According to some users, the software provides limited reporting functionalities.
Breakdown of core features
Enterprise risk management
Businesses can break down silos, automate tasks, and simplify processes for increased unity across the organization with the software’s Enterprise Risk Management. It enables teams to build a holistic risk management process as it captures everything from vendor interactions and finance to sales and marketing activities. Users can view weighted risk scores generated by customizable calculations through dashboards and reports. They can also automate document collection with a workflow management system that facilitates deadline-triggered requests, transparent tracking, and notifications.
Third-party risk management
LogicGate centralizes networks, streamlining the creation of vendor risk management processes that are robust, repeatable, and versatile enough to grow with the business. The software protects proprietary data, intellectual property, and financial data when working with vendors with its Third-Party Risk Management ISO 27001 Application. This Application provides a central register of third-party relationships and details of any identified external vulnerabilities.
IT risk management
LogicGate’s IT risk management prepares the organization by building solid processes and using industry-standard controls to address and respond to vulnerabilities. Companies can plan and manage the organization’s infosec risk processes and responses. Users can improve processes for identifying, assessing, and protecting critical IT assets. This feature is ready-to-go and adapts as the information assets change and grow.
The Vulnerability Management feature empowers businesses to effectively manage vulnerability programs with user-friendly forms for vulnerability intake, analysis, and treatment for making better strategic security decisions. It lets organizations monitor and address vulnerabilities to ensure timely treatment and mitigation. The Vulnerabilities Workflow analyzes each vulnerability to uncover its potential impact on the organization and required treatment. Treatment is then initiated, assigned, and tracked through resolution.
(Last updated on 02/02/2022 by Liz Laurente-Ticong)