1) Flexible document storage with versioning for policies, procedures, etc. that need to be reviewed annually. Can be either stored on the platform itself or you can store a 'pointer' to the document (a URI) for on or off-prem repositories. Can also set document 'custodians' (editors) 'consumers' (users) and 'approvers' (managers) to faciliate the document lifecycle. 2) Sends you 'reminder' emails for documents needing their annual review. If the document hasn't changed, it's just a few clicks to endorse it for another year. If tiny changes are needed, you can do them within the platform via web editing. If major changes are needed, then download and upload. If you're just storing a pointer (see 1 above) then you just edit the document in it's repository and mark as complete in the MyVCM. 3) User tracking. Put all of your users in the system, assign them documents to review, and you're done. MyVCM emails each user when the document review is due, then tracks their review of the documents, which can include submitting an e-signature for high-compliance environments. 4) Assessments: When working with compliance vendors, you can collaborate directly with them in MyVCM, and point them to your polices, procedures and evidence within the platform. No more sending tons of emails with attachments and versioning by appending v39 to the filenames! Really streamlines the auditing process.

In my case, It's a tool that helps me with many tickets at week, and I use it like a gatekeeper to ask for authorizations needed to perform certain tasks

The ability to manage security actions and audits in one location.