GRC Uncensored is back, and your hosts Troy Fine and Elliot Volkman are joined by Martin Cozzi, CEO of Pima, to discuss when, if at all, it makes sense to invest in a GRC tool to support a company's compliance efforts. The discussion spans the necessity and use of various compliance tools, the challenges of scaling compliance, and the importance of having well-defined processes and dedicated personnel. They highlight the actual costs and benefits of compliance, questioning superficial practices and emphasizing the need for personalized solutions. The episode also addresses misconceptions and executive decisions crucial for maintaining compliance, offering comprehensive insights into modern GRC strategies and the evolving role of tools in achieving SOC 2 compliance. 00:00 Introduction to GRC Uncensored 00:22 Meet the Hosts and Guest Introduction 00:38 The Need for GRC Tools 02:52 Legacy vs. Modern GRC Tools 05:26 Challenges with GRC Tools 12:12 When to Choose GRC Tools 12:49 The Role of Processes in GRC 20:49 GRC Tools for Startups 23:20 The Cost of Compliance 24:43 The Role of Auditors 26:47 Touchless Audits: Pros and Cons 28:19 The Value of SOC 2 Reports 30:50 Choosing the Right Compliance Tools 32:31 The Future of Compliance Tools 40:46 Final Thoughts and Reflections Hosted on Acast. See acast.com/privacy for more information.