Select and Implement a Governance, Risk, and Compliance (GRC) Solution

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Significant resources are required for an organization to leverage solutions to manage governance, risk, and compliance information. However, these efforts to manage the GRC solution are still often less than the efforts required for ad hoc and retroactive management.
GRC solutions can seem overwhelming, and for good reason, as they enable the management of a broad range of operations from risk management to financial controls management.
Depending on your organization size, compliance requirements, and budget, GRC will be an investment. Ensuring your team understands roles and responsibilities prior to implementation will help ease the transition into using this new tool.

Our Advice

Critical Insight

A complete GRC solution is not always required: Everyone needs a firewall, but not a GRC solution. GRC can be a costly investment (i.e. in terms of money, time, and resources). If necessary, affordable alternatives are available.
A GRC solution is one part of the bigger picture: A GRC solution today is for managing GRC, and will not work without proper controls and processes already in place.
Be strategic when deploying modules: Initiate a phased roll-out of modules rather than all of them at once. Focus on your highest priority needs, then gradually introduce new components to prevent boiling the ocean.

Impact and Result

Short-term: Evaluate the players in the GRC marketspace to select the right solution based on your requirements. Avoid common implementation pitfalls and plan for effective system operations and management once your contract has been negotiated and finalized.
Long-term: Increase operational efficiency by providing visibility to improve your GRC controls. Leverage these management solutions to reduce manual data manipulation, thus increasing automation, allowing users to focus on primary jobs.

Select and Implement a Governance, Risk, and Compliance (GRC) Solution Research & Tools

Start here – read the Executive Brief

Read our concise Executive Brief to find out why you should implement a GRC solution, review Info-Tech’s methodology, and understand the four ways we can support you in completing this project.

Select and Implement a Governance, Risk, and Compliance (GRC) Solution – Executive Brief

1. Launch the GRC selection project

Assess the value and identify the organization’s fit for a GRC solution, and structure the GRC selection project.

2. Select a GRC solution

Investigate the vendor landscape, produce a vendor shortlist, draft and evaluate RFPs, and conduct vendor demonstrations to select the right GRC solution.

3. Plan the GRC implementation

Plan the GRC implementation and measure the value of the GRC solution.

About Info-Tech

Info-Tech Research Group is the world’s fastest-growing information technology research and advisory company, proudly serving over 30,000 IT professionals.

We produce unbiased and highly relevant research to help CIOs and IT leaders make strategic, timely, and well-informed decisions. We partner closely with IT teams to provide everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

What Is a Blueprint?

A blueprint is designed to be a roadmap, containing a methodology and the tools and templates you need to solve your IT problems.

Each blueprint can be accompanied by a Guided Implementation that provides you access to our world-class analysts to help you get through the project.