Logicgate: Features, Reviews, Pricing & Competitors

In order to gather, oversee, and mitigate the complete risk landscape inside a company, LogicGate, also known as LogicGate Risk Cloud, provides an end-to-end package of apps. Business executives may boost risk initiatives and take better risks by having a quantitative grasp of the risk posture of their organization. Furthermore, to proactively change risk across the company, LogicGate provides cutting-edge risk management technology. In this article, we’ll talk about the LogicGate Risk cloud, its pricing, reviews, and competitors.

Logicgate

Technology firm LogicGate provides services for managing enterprise risk as well as cyber risk and control compliance. LogicGate is on a mission to confront complacency in GRC.

GRC (Logicgate GRC)

Governance, risk, and compliance is an expansive field that includes the procedures, techniques, and practices that organizations employ to manage their internal corporate governance, external regulatory compliance, and enterprise risk management. Due to the recent globalization and complexity of companies, GRC has grown in importance. GRC software, like LogicGate Risk Cloud, is a crucial component of a well-designed GRC program. Furthermore, by streamlining procedures and minimizing effort duplication, GRC technologies increase organizational effectiveness and efficiency. You can cooperate, automate, scale, and adapt as you go with the help of the LogicGate GRC platform. Businesses may safely innovate and create fresh procedures as they go while quickly adapting to shifting business conditions.

Logicgate Risk Cloud

A governance, risk, and compliance (GRC) system with no code, LogicGate Risk Cloud scales and adjusts to your evolving company demands and regulatory requirements. Organizations can quickly develop solutions to the problems of Governance, Risk, and Compliance thanks to the Risk Cloud platform. To address the most pressing GRC challenges, including Enterprise Risk Management, Policy Administration, GDPR, Regulatory Conformity, and others, the Risk Cloud’s predefined process templates may be quickly customized and deployed.

LogicGate Risk Cloud’s main characteristics

You may learn about risk management with the applications and materials provided by Risk Cloud’s cloud-based platform. Your organization may transition from reactive risk control to proactive risk investment by utilizing a wide range of expert GRC materials and an adjustable platform that grows with your company.

#1. No Coding is Necessary

The fact that consumers receive the entire capability without having to create one line of code is possibly the most crucial feature. This no-code technology is crucial since it shortens the learning curve and speeds deployment.

#2. Pre-built Applications

The LogicGate Risk Cloud offers access to more than 20 pre-built apps. Each application adjusts to a use case using common standards and control frameworks. Some examples of these apps are:

Impact study for businesses
Tracking and managing business continuity procedures and plans
Analysis of the social and environmental impacts
CCPA conformity
GDPR adherence
ISO 27001
Management of procedures and policies
Purchasing and contract administration

#3. App Modifications

The LogicGate applications provide drag-and-drop functionality that enables effortless customization of the software to conform to the unique needs of a business. Furthermore, the software offers users the flexibility to create their own apps by importing GRC data from external sources, like spreadsheets.

#4. Automated Processes

The whole organization’s risk-related activities and workflows are digital using the LogicGate Risk Cloud. By getting rid of manual tasks, this feature aids businesses in saving time and resources. By making sure that each stage of a process is correctly carried out, automated workflows also increase accuracy and consistency.

#5. Personalized Dashboards

You have total visibility into the risks, controls, and compliance status of your organization thanks to customizable dashboards. You can personalize the dashboards to display the data that is most significant to you. To learn additional information about a particular item, you can also delve deeper into the data.

LogicGate Risk Cloud’s Benefits and Drawbacks

Let us look at some benefits and drawbacks of LogicGate risk cloud:

Pros of LogicGate Risk Cloud:

The no-code platform makes it simple to deploy and utilize
Pre-built applications conserve resources and time.
GRC program scalability built-in to expand with the business
Integrates smoothly with other systems thanks to its restful API
Numerous linkages with third parties
Workflows and procedures are simple to modify to meet specific business and regulatory requirements.
Customers purchase the programs required to run the GRC program along with Power User licenses for the workers who will use them, according to a straightforward pricing plan.

Cons of LogicGate Risk Cloud:

The platform is too complex due to the abundance of applications and features
Ambiguous user interface

Why Clients Select Risk Cloud

How do you pick a GRC solution when there are so many options? What sets LogicGate Risk Cloud apart from its competitors is as follows:

#1. The Rapid Track to Business Value

You’ll quickly realize why LogicGate’s clients are so raving about it.

By automating manual operations as rapidly as possible using Risk Cloud, you can realize operational efficiencies. Risk Cloud can be fully operational in 100 days.
A holistic strategy within GRC that takes into account Risk Management, Policy Administration, Incident Management, Supplier Administration, DPIA/DPAR Management, ESG, PCI, and ISO27001 Audit Compliance should be addressed with expertise and solutions.

#2. Strong Connections

Risk Cloud lets customers create links between different aspects of their Governance, Risk, and Compliance (GRC) activities, promoting new perspectives and insights. The only constraint exists within the confines of an individual’s imagination.

Initiate the task at any given juncture, irrespective of the requirement to adhere to a specific framework or the implementation of automation and streamlining for a particular operation. As the program advances, there is a potential for swift integration of other structures or processes.
The implementation of a dynamic data architecture that enables many-to-many links offers the capacity to consolidate data, ease inter-team communication, and generate reports from various segments of the system.

#3. Configurability and Adaptability; Visibility

How many GRC systems can evolve over time to meet your company’s needs? Risk Cloud stands alone. Risk Cloud reaches its full potential after implementation.

With software that is based on rights and roles and has dead-simple drag-and-drop capabilities, you can customize every part of your workflow.
Change and modernize your procedures without extra modifications or IT assistance.

#4. Observability

You’ll always have the knowledge necessary to manage your GRC program successfully, thanks to our user-friendly UI and robust reporting tools.

Draw reports into dashboards to create a complete, quick view of your company.
Take control of your issue by arming yourself with a clear overview that includes risk owners, mitigation measures, tasks, positions, and productivity data.

#5: Usability

Risk Cloud is for business users with its drag-and-drop, no-code process builder and user-friendly dashboards.

Give your users the flexibility to quickly alter processes in accordance with business and regulatory requirements without consulting experts or needing coding expertise.
Keep stakeholders informed and projects moving forward with simple procedure automation and automatic notifications.

Logicgate Reviews

Risk Cloud by LogicGate It takes time to create your own rule strategy. Reviews of LogicGate Risk Cloud claim that it enables experts to tailor, develop, and also present a risk strategy. It enables the development of new workflows with minimal coding and support. Additionally, any stage in an order or process can be patched. It also maintains all of our risks in a single, consolidated unit. Here are some reviews from g2.com and techrepublic.com that customers have made about LogicGate, both good and bad.

Positives

According to reviews from users, it has been observed that LogicGate necessitates minimal coding efforts. The provision of assistance and support is contingent upon the unique needs and criteria of each individual. The reporting dashboard also offers a range of crucial customization features that contribute to improved comprehensibility. Based on another user review, LogicGate is a gadget that exhibits a distinct capability to effectively address the specific requirements of a business. The company’s team constantly and continuously seeks and carefully evaluates consumer feedback in order to improve its services and effectively meet the needs of its clientele. The individual in question has presented the subsequent reviews on the LogicGate platform.

The development and customization of the system can be easily accomplished and adjusted according to the feedback received from stakeholders.
Participating in collaborative efforts with sympathetic professionals specializing in Logicgate, particularly in the field of customer service, who demonstrate significant expertise
The use of bulk uploads and changes provides substantial advantages.

The product in question often receives favorable evaluations from users, who commend its user-friendly nature and exceptional customer service. An additional suggestion is to conduct a comprehensive evaluation of the requisite apps prior to procuring Lo.

Negatives

According to this review, LogicGate’s toolset is so adaptable that it frequently needs LogicGate support or professionals to help you design it to perform exactly what you want. Planning meetings PRIOR to implementation will undoubtedly help clients streamline their processes. According to a different customer review of LogicGate, certain settings are difficult to utilize to make basic modifications.

Logicgate Competitors

Many people are looking for strong, innovative software products with regulatory credentials, risk methodologies, and recovery plans. GRC Platforms are a commonly used technology. Researching competitors and alternatives to LogicGate Risk Cloud should also take customer support and the user interface into account. Here is a list of products that have been deemed to be LogicGate’s top competitors.

#1. SAP Risk Management (SAP)

The SAP Tools solution offers comprehensive integration capabilities that prove to be highly advantageous in managing risks across many departments within an organization. LogicGate’s main competitor, the software, simplifies risk planning, monitoring, and detection for our company. Effective threat monitoring and organizational responsibilities are possible. The capacity to generate reports based on comparisons and outcomes is also advantageous.

#2. The Audit Board

The innovative linked risk platform from AuditBoard strengthens teams, including frontline employees, and helps you use risk as a strategic driver. Additionally, a consolidated data core that organizes your company’s risks, controls, regulations, frameworks, problems and more forms the basis of our linked risk architecture. Around the core are powerful platform capabilities like collaboration, automation, a strong workflow engine, business information, and a customizable integration layer. Our award-winning products, RiskOversight, CrossComply, SOXHUB, OpsAudit, ESG, and TPRM, have a solid, dynamic base thanks to AuditBoard’s unified core and carefully designed platform features.

#3. LogicManager

LogicManager, a potential competitor or alternative to LogicGate, posits that the implementation of efficient risk management practices is conducive to improved organizational performance. Enterprises can safeguard their reputation, plan for the future, and improve business performance thanks to the GRC software that LogicManager has developed.

#4. ServiceNow Governance, Risk, and Compliance

The program works well for automating control declarations; however, the workflow and user interface may be improved. The procedure requires extensive training for customers to become accustomed to and understand, and the interface makes it difficult to do so right away. Having said that, ServiceNow, as a LogicGate competitor, is a really good tool to use for automatic control attestations and monitoring once the users get the hang of it.

#5. Diligent HighBond

The whole platform that connects experts in security, risk administration, compliance, and audit is called Diligent HighBond. Industry leaders who desired a better way to work created HighBond. It automates tedious activities, facilitates cross-organizational collaboration, and delivers industry standards in a streamlined, award-winning interface. You may have a single point of information for the whole company by working on one platform. You’ll also learn the answers to crucial questions you never considered posing through linking to, harmonizing, standardizing, and analyzing information across the enterprise.

#6. IBM OpenPages GRC Platform, position six

In order to generate new initiatives, execute contracts, and secure funding, I collaborated with the supplier contract team members. Despite being a different person each time, the seller always answered promptly and professionally. I find the interfaces for users to be simple to operate with and utilize in my capacity as the product administrator for this organization. We only employ the Assessment module, and it’s simple to maintain and instruct our users on using it via videos.

#7. Quantivate GRC Software Suite

Overall, we are happy with the relationship at this point. The modules we bought will help our organization’s various procedures run more smoothly. Our procedures require a very complicated structure and hierarchy, which presents both some difficulties and opportunities for improvement.

#8. Drata

The goal of Drata, the most cutting-edge safety and regulatory automation platform in the world and a crucial LogicGate competitor, is to assist companies in gaining and maintaining the confidence of their users, clients, business partners, and potential consumers. Numerous businesses use Drata to automate risk management and more than 12 compliance frameworks, including SOC 2, ISO 27001, GDPR, CCPA, PCI DSS, and others. This promotes a high level of security, lower costs, and less time spent getting ready for audits.

What Is Logicgate Used For?

A logic gate is a component used to construct digital circuits. They carry out fundamentally important logical operations for digital circuits. Today, logic gates are found in the majority of the electrical equipment we use.

Who Is the CEO of Logicgate?

Matt Kunkel is the co-founder and CEO of LogicGate, a SaaS firm with its headquarters in Chicago.

What Are the Advantages of Logicgate?

Logic gates are efficient and speedy. Overworking logic gates should be avoided. A microcontroller’s needed number of I/O ports can be decreased by using logic gates. Decryption and encryption of data can be done simply by using logic gates.

When Was Logicgate Founded?

The business is headquartered in Chicago, Illinois, and was established in 2015.

Who Are the Founders of Logicgate?

Three people founded LogicGate. As follows:

Co-Founder and CEO of LogicGate, Matt Kunkel
Co-Founder and CTO of LogicGate, Dan Campbell
Co-Founder and CEO of LogicGate, Jon Siegler