Multiply ROI with a GRC tool

Every new regulation adds work for Governance, Risk and Compliance teams. GRC software automates that work, but the question is always the same: how much does it take to implement and what does it return?

This study quantifies the benefits, based on our experience implementing GlobalSuite® in organisations of every sector and size. It is for GRC leads and finance teams preparing a business case.

The results

In the reference company, automating procedures saved €265,176.62 against implementation costs of €58,000. That is a 357% return on investment, a payback period of 2.2 years and an internal rate of return of 492%.

Where the savings come from

With GlobalSuite®, assessment questionnaires go out in parallel instead of depending on meetings and on everyone being free at the same time. Risk assessments got 30% shorter and control assessments 35% shorter. The 2.5 people freed up can move to strategic work or to the continuous improvement that usually gets left behind.

The reference company

• 20 users
• 150 processes
• 5 risk types
• 50 critical applications
• 700 controls
• 35 action plans a year
• 50 indicators
• 8 regulations

What's in the guide

1. Investing in GRC softwareThe three processes analysed and the benefits that are hard to measure, from audits to crises avoided.
2. Risk analysis and managementA 28% average efficiency gain: from almost 8 full-time people to 5.5 for five analyses.
3. Compliance management27% less time on requirements, action plans, control testing and evidence.
4. Continuous improvement25% less work on audit findings, incidents, indicators and objectives.
5. The implementation projectThe licence, about 40 days of work over four months and the client team's time.
6. Study resultsSavings by process and what they mean in people.