There are always questions about how an investment in Governance, Risk, and Compliance (GRC) benefits an organization. The answer to how to measure ROI isn’t always easy. Far too many organizations see it as purely preventing potential future losses. Of course, that is true, but there are still a lot of tangible benefits that organizations can realize – if they take the time and effort to do so. But, if the organization does, they will find that the rewards far outweigh the costs.
It may be difficult to quantify the value of GRC through traditional Return on Investment (ROI) calculations as they fail to take into account alternative investments. While there are compulsory pieces an organization must adhere to, it’s left to the business to evaluate how best to use the capital it has. Here at SAI360 we’ve taken our experience with hundreds of customers to quantify the benefits and provide you with a representative example.
In this whitepaper, we illustrate how an organization might articulate the business and financial benefits of investing in GRC and GRC software. Organizations should expect to receive measurable benefits in the years following the initial investment thanks to efficiencies gained through improved risk management processes, control optimization, better capital and resource allocation, and operational improvements.