Camms named a ‘Strong Performer’ in The Forrester Wave ™: Governance, Risk and Compliance Platforms, Q4 2023

We are excited to share that Camms has been recognized as a ‘Strong Performer’ in The Forrester Wave™: Governance, Risk and Compliance Platforms, Q4 2023 In the report by leading global research and advisory firm Forrester, Camms is acknowledged for its “substantial innovation strategy” and “feature-rich approach to ERM”.

The Forrester Wave™: Governance, Risk, and Compliance Platforms, Q4 2023 is an independent analyst report based on research and rigorous inclusion criteria. It is designed to provide an in-depth overview of the top GRC platforms available in the market to help enterprise decision-makers shortlist potential vendors and understand how they meet their specific requirements.

Forrester identified the top 15 GRC vendors available in the market and proceeded to research, analyse, and score them based on their capabilities, functionality, user base, and market presence. The report summarises how each provider measures up and ranks their solutions based on how well they satisfy the current and future needs of audit, risk, and compliance professionals.

View the full report here.

We believe it is clear that we are on an upward trajectory thanks to our extensive roadmap and substantial innovation strategy. Camms received the highest scores possible in the risk identification & business alignment and risk measurement & prioritisation criteria. Furthermore, Camms were very proud to receive the highest score possible in the Enterprise Risk Management criteria. The Forrester report cited that Camms is “… also strong in risk evaluation, providing native Monte Carlo analysis and a mature approach to analyze control effectiveness.”

“This recognition from Forrester cements for us our presence among top providers in the global Governance, Risk, and Compliance space. We are proud of the commitment & innovation that Camms has demonstrated over the last year. We have enhanced our GRC platform both in terms of performance and functionality and we have experienced extensive growth during this period as customers continue to enjoy the new features & functionality available in our latest release”.
– Tom Kerin, Chief Product Officer at Camms.

In the report Forrester stated that, “Camms is a complete GRC workhorse…” and “invests in a substantial innovation strategy to make sure it delivers”. According to the Forrester report, Camms’ strength lies in our “Feature-rich approach to ERM”. The report also stated how Camms’ “Dedicated strategy module is integrated with its risk modules and creates a centralized experience for stakeholders at all levels to engage in GRC”.

Camms’ referenced customers “valued the platforms configurability and dashboards” available within the platform. At Camms we ensure customers can configure the platform to meet any requirements without extensive coding. The interactive dashboards enable staff at all levels of the organisations to easily understand their upcoming tasks & actions and get instant visibility of the key metrics relating to their role.

The evaluation from Forrester also looked at our pricing model and noted that Camms is “One of the most cost-effective solutions on the market”. Our subscription based modular pricing structure enables us to offer clients flexible options based on the size and scale of the deployment. The platform is highly configurable, enabling quick time to value and minimising professional services fees.

The report also states that Camms’ “Focus on business strategy and project management translates to complementary solutions that make its GRC offering comprehensive.”

At Camms we believe our platform offers so much more than your average GRC platform. Our breadth of modules relating to strategic planning, project management, ESG, and operational resilience enable organisations to implement a platform that empowers them to align risk & compliance with business performance & strategic objectives – enabling them to take the right level of risk to grow the business & improve operational performance.

The report also states ‘’Roadmap highlights include simplifying user experience, enhancing process automation, enabling advanced risk assessment and quantification, and extending use of the Camms AI Assistant”. The report noted that Camms has “Given itself an innovation mandate and established forward thinking ’futures groups‘ to develop product innovations”. These findings align with our commitment to ongoing product development as we continue to optimise the use of modern technology and add more features & functionality to the platform to meet the needs of our customers and the market. At Camms, we are continually enhancing our GRC platform to make it more scalable, intuitive, and easy-to-use for our customers and this recognition from Forrester is, in our opinion, testament to all the hard work that has gone into enhancing the platform.

“As our clients embark on their GRC journey, our platform enables them to solve GRC’s greatest pain points relating to poor collaboration, manual processes, and lack of visibility & reporting. We are thrilled that Camms has been recognized as a Strong Performer in The Forrester Wave™: Governance, Risk, and Compliance Platforms, Q4 2023. We remain committed to our goal of empowering our users with flexible, easy-to-use technology that steers the course of their success, transforming business risks into strategic opportunities”.
– Adam Collins, Camms CEO

Forrester’s analysis concludes that “Camms is a good fit for firms with enterprise risk and strategy requirements”. We believe we are one of the few vendors that deliver on aligning risk with strategic objectives to improve overall enterprise performance and achieve their goals. This is where the future of the GRC market is heading, and we are proud to be leading the way in this space.

A full complementary version of The Forrester Wave™: Governance, Risk and Compliance Platforms, Q4 2023 report is available for download.