Tips for GRC implementation

Considering a GRC platform implementation? Here are 4 things we recommend you get sorted to make the most of your GRC capability 👇

👉 Understand how the risks, obligations and controls your organisation tracks relate to each other and to your organisation’s structure. GRC platforms make associations between these elements to produce insight about where to focus risk management so make sure you know what associations make sense for your organisation.

👉 Take time up front to streamline key activities like incident reporting and risk and controls self-assessments. If you go into platform implementation with already efficient end to end process, you’ll make better choices about its workflow configuration.

👉 Whether you are moving from spreadsheets or leaving a platform for a new one, have a plan for the data that’s coming across. Don’t assume it’s lift and shift. You’ll need to know how your data works in the platform so make sure your test plan covers this. And have an archiving solution for any data not going into the platform.

👉 Decide the operating model and resources for managing the platform, its inputs and outputs. If the platform will be supporting internal and regulatory reporting it must be kept in good nick and used responsibly. Accountability and capability for the care and use of the platform should be locked in before it’s turned on.

Rhodanthe Consulting has loads of experience with GRC platform implementation. Drop us a line at admin@rhodanthe.com.au for a chat about how we could help you.