The Tangible and Intangible Benefits of GRC Implementation
Investing in GRC implementation is increasingly vital for the operational health and strategic development of your business, yet it is a complex undertaking that requires clear vision and financial resources. To help you in your pursuit of a GRC transformation we will provide you with some of the benefits you can predict, measure, and include in your business case for investment.
Tangible Benefits
- Increased transparency.
- Ability to proactively manage risk.
- Integrated processes and platform.
- Enhanced decision making.
Intangible Benefits
- Efficient risk and control assessment activities.
- Enhanced traceability and transactions.
- Improved transparency and collaboration through one integrated technological platform.
- Greater reporting and data integrity.
- Minimised legacy technology expenses.
- Early warning indicators enable you to anticipate and mitigate potential outcomes.
- Enhanced insight to enable risk-informed decision making.
- Improved issue identification and remediation.
- Increased business performance through meaningful reporting.
- Capability to efficiently manage compliance to a variety of regulations and industry standards.
There are many capable software solutions available externally for your GRC transformation, but we feel that 1RS has the unique blend of technology and expertise that can work with you to identify your GRC vision and help you achieve real and measurable results.
Contact us to discuss how we can help you plan and execute a successful GRC implementation and transformation.
Blog
How To Embrace Technology but Keep Your Humanity – Implementing A RegTech Solution
Today, the majority of our business and personal lives are dominated by our…
What are the Cost Benefits of Investing in a GRC System?
More and more organisations are currently seeking out technology-enabled GRC…
Are you ready for Consumer Duty?
With eyes firmly on the calendar for the new Consumer Duty Regulations coming…
What is CASS and who does it apply to?
If a financial services provider holds or controls client money or assets, then…
Has the Motor Finance Industry had its head in the sand?
Ever since the FCA launched a review into Motor Finance and published their…
5 Steps to Improve Your Customer Due Diligence
Last month we looked at third party due diligence and how technology can…
Guide to Operational Resilience
It’s the Monday morning you don’t want. Social media is buzzing because a…
5 Steps To Improve Your Third-Party Due Diligence
All companies use third parties as an essential component in the running of…
Regulation of Buy-Now Pay-Later is Coming
Alice wants a new laptop computer, but it will take her a few months to save…
Funeral Plan Providers – Are You Ready for Regulation Change?
On 29 July 2022, the FCA will start regulating the funeral plans sector. If…