Lessons Learned from 200+ Successful GRC Implementations
Visibility into internal and external risks helps organizations optimize business performance by increasing efficiency, reducing costs and improving their overall risk posture. However, the ultimate success of any Governance, Risk and Compliance (GRC) program relies heavily on the selection of the proper methodology, content framework and technology, given the organization's available resources and constraints. Drawing on observations from over 200 + successful GRC implementations across various verticals, this paper addresses some of the most critical factors necessary for a successful GRC automation initiative. While there is no silver bullet or one-size-fits-all GRC implementation, there are several core elements that provide an organization with the best opportunity for success.