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2. Substantial Effort in Implementation

Transitioning from manual processes to a data-driven central dashboard in GRC automation requires
significant effort. Incorrect program selection or inadequate technology can lead to future issues,
emphasizing the importance of careful planning.

3. Senior Management Authorization Struggles

GRC automation projects demand approval from senior executives, a challenging aspect. While the
benefits are compelling, persuading leadership requires clear articulation of how automation positively
impacts the organization, underlining the need for effective communication.

Tips for Smooth Implementation of an Automated GRC Program

Implementing a GRC strategy involves complex tasks, and these tips will help your organization toward
effective governance, risk, and compliance management.

✓ Justify integrating GRC activities by presenting a compelling business case.
✓ Obtain backing and funding from senior management to ensure the success of the GRC program.
✓ Carefully explore various approaches to GRC, developing a comprehensive project plan.
✓ When choosing software, conduct due diligence when selecting a suitable product.
✓ Prepare and deliver activities to educate and persuade employees and management on the value
of integrated GRC.
✓ Recognize potential resistance and ensure key employees understand the benefits of the GRC
program.
✓ Partner with IT to devise an effective system rollout plan.
✓ Provide opportunities for employees to test the system before its production.
✓ Note and share employee comments during the test period with the technology vendor.
✓ Keep senior management and employees informed with regular briefings on the program's
progress.
✓ Implement the rollout, promptly addressing and resolving any issues that arise.
✓ Establish a structured process for system maintenance and updating.
✓ Ensure the new system is incorporated into disaster recovery plans.
✓ Establish a program to track the performance of the GRC system, sharing results transparently
with employees and management.

FAQs

1. How has GRC automation simplified regulatory compliance?

GRC automation simplifies regulatory compliance by streamlining processes, ensuring real-time
monitoring, and providing centralized data management. It enhances accuracy, reduces manual errors,
and facilitates efficient adherence to regulatory requirements, ultimately optimizing organizational
compliance efforts.

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