There are always questions of how an investment in Governance, Risk, and Compliance (GRC) software 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. Therefore, a more accurate calculation of the efficacy of investing in GRC and its outcomes may be the Net Present Value (NPV).
In this white paper, we demonstrate how an organization can calculate the business and financial benefits of investing in GRC and GRC software. We show a spreadsheet that breaks down the investment costs, savings, and compliance activities involved.
With GRC technology investment, 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.
Read the whitepaper and start your own analysis of the ROI of GRC software: