Which GRC application is used to manage consultancy processes aimed at proving the effectiveness of controls?

The application that is used to manage consultancy processes aimed at proving the effectiveness of controls is Policy and Compliance Management. This application focuses specifically on ensuring that policies are in place, communicated effectively, and adhered to throughout the organization. It supports organizations in establishing, monitoring, and maintaining compliance with regulatory requirements and internal policies.

Policy and Compliance Management provides tools for documenting controls, assessing their effectiveness, and ensuring that they align with established policies. By utilizing this application, organizations can effectively manage the consultancy processes needed to validate and demonstrate that their controls are working as intended.

In contrast, Audit Management is primarily focused on conducting audits, which may include examining the effectiveness of controls but is not specifically tailored for consultancy processes. Risk Management addresses the identification and assessment of risks but does not directly manage consultancy aimed at proving control effectiveness. Vendor Risk Management focuses on assessing and managing risks associated with third-party vendors rather than internal controls or policies.