The three-year return on investment of Riskonnect’s integrated GRC technology is as much as 280%, according to a study conducted by Forrester Consulting.
Forrester Consulting completed a Total Economic Impact™ study to help organizations quantify the potential ROI of Riskonnect’s GRC solution.
The study took an in-depth look at one financial services firm in the U.S. that implemented Riskonnect GRC – including Enterprise Risk Management, Internal Audit, Compliance, and Third-Party Risk Management – to project a three-year ROI.
The study offers specific cost-savings data from:
- Step 1: Reducing manual labor
- Step 2: Streamlining Third-Party Risk Management workflows
- Step 3: Avoiding regulatory penalties