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How to Optimize GRC Program
Along with leadership, it is critical that everyone participating in the deployment of a GRC system has the same understanding and that the estimates for the roll-out activities are realistic.
FREMONT, CA: Strong governance, risk, and compliance (GRC) practices assist firms in a variety of ways. Let us look at a few common GRC strategy pain points and learn exactly what organizations need so that they can execute the best solution with the least amount of hassle.
Scope and Underestimating
Along with leadership, it is critical that everyone participating in the deployment of a GRC system has the same understanding and that the estimates for the roll-out activities are realistic. Scrutiny on the part of project managers is required during the planning and execution of a GRC solution.
Implementing a solid GRC solution is not a straightforward task—much like the gears in a watch, there are many moving pieces that should function together to ensure a smooth operation. And, like the watch battery that keeps everything running smoothly, project management, strong leadership, and communication are critical for an efficient GRC solution.
Manual data collection and analysis methods are out of date. They lack practically all of the advantages that automated processes offer a business—they take more time, spend more money, consume more resources, and are more prone to errors.
Strong GRC systems, such as ServiceNow GRC, can give significant benefits through intelligent, automated procedures that compile, analyze, and report for organizations.
Breaking down divisions requires fluid connections between people and systems—but how to create those connections? One can automate them, as one can do with most modern applications. To decrease departmental and informational silos, companies use a risk management solution to control procedures and minimize the need for manual input.