What is ServiceNow IRM?

ServiceNow Integrated Risk Management (IRM) is a suite of applications within the ServiceNow platform designed to help organizations manage various types of risk, including operational risk, compliance risk, and strategic risk. It provides a centralized platform for identifying, assessing, responding to, and monitoring risks across the enterprise. Common uses include automating risk assessments, managing policies and procedures, tracking compliance activities, and providing real-time visibility into an organization's risk posture. By integrating risk management activities into existing workflows, ServiceNow IRM aims to improve decision-making, reduce the likelihood of negative events, and enhance overall business performance.