7 Tips for Buying a GRC Platform

Organizational change requires people, processes, and technology. Too often companies see technology as the silver bullet solution. It’s not, nor should it be. To be transformative for your organization, it takes your people and processes aided by technology to stand strong and make a difference.

One of the difference makers in technology is GRC platforms. But how do you go about buying a GRC platform? It’s not like a trip to the grocery store and grabbing an item off the shelf. There isn’t an easy button you can press and have a GRC platform fully integrated into your organization.

In our recent webinar, How to Buy a GRC Platform, we shared some common challenges and misconceptions encountered during the buying process. In this blog, we offer seven sure-fire tips for helping ensure you have a successful GRC purchase and implementation.

  1. Find a GRC Champion
    Having an executive who is a project champion greatly increases the odds of success with your fledging GRC program. If not an executive, consider a steering committee of individuals across departments that offer a unified voice.
  2. Encourage user adoption and buy-in
    For a GRC platform to be a catalyst for your business processes, you need employees using it every day. In the planning stages, interview the people who will use the platform. Nobody likes to change, but if you involve users early, they become advocates seeing change as progress.
  3. Review Processes
    One of the first tasks to complete when considering a GRC platform is reviewing your processes. Identify process owners, interactions, and deliverables to document how things are done. In fact, a major reason for buying a GRC platform is uncovering broken, undefined, or inefficient processes.
  4. Be Realistic
    A major reason why programs fail is trying to do too much too soon. Being gung-ho about GRC is great, but it’s wise to be realistic about your goals. Consider a phased roll-out and emphasize communications with your GRC Champion who can give status updates to management.
  5. Aim for quick wins
    Company leaders like to see results of major projects as soon as possible. GRC platforms have a longer timeline for payoff. To maintain momentum, focus on generating some quick wins early on. For example, calculate savings by comparing an old process to a new streamlined process.
  6. Know your buying stage
    Just realizing the need for a GRC platform? Building a case for it? Researching options? By knowing where you are in the buying process, you can focus on that step’s to-dos before proceeding to the next step or stage. Why? Skipping stages can hurt adoption, success, or result in any number of unfortunate developments.
  7. Focus on education and training
    A GRC platform takes time to learn. Users expand their skills with training and tips. Make training materials accessible and easy to understand. Conduct training sessions for users to learn and ask questions in a group setting.

For more tips and considerations, watch the webinar, How to Buy a GRC Platform. Change isn’t always welcome. However, change can be welcomed with the right kind of support, by focusing on technology’s beneficiaries—people and processes—and demonstrating measurable results.

For more buying guidance with GRC platforms, download our GRC Buyer’s Guide.

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