SBS CyberSecurity Reports 36.6% Reduction in Audit Findings for TRAC GRC Users
SBS CyberSecurity has released data demonstrating that financial institutions using its TRAC Governance, Risk, and Compliance (GRC) platform experience significantly better regulatory outcomes. According to internal analysis, banks and credit unions utilizing the platform average 9.27 audit findings per report, compared to 14.62 for those not using the software—a reduction of 36.6%. The company also reported operational efficiencies, noting that typical community banks save approximately 30 hours per month by transitioning from manual spreadsheets to the TRAC platform. To improve user experience, SBS CyberSecurity has restructured the product into a 'Core Platform' with modular suites covering Governance, Risk, and Compliance. Since its inception in 2007, TRAC has scaled to serve over 1,800 organizations and 10,000 users. The platform currently maintains a Net Promoter Score (NPS) of 55.5, significantly outperforming the software industry median.
Topics: Banking Technology Compliance Automation GRC Software