Published: 17 July 2024
Driving governance, risk and compliance tool adoption postimplementation is challenging because heads of ERM may lack sufficient organizational influence and change management resources. This research provides five ways to garner top-down and bottom-up support for GRC tool adoption.
Employee support for change management initiatives is decreasing, according to the 2022 Gartner Workforce Change Fatigue Survey. This requires heads of enterprise risk management (ERM) to rely on top-down incentives to encourage adoption.
Governance, risk and compliance (GRC) tool implementations take more than one year from selection to reach full functionality, with a contributing factor being time required to assess inclusion across a complex set of risk product modules and risk management functionality.
Fifty-four percent of heads of ERM find it either “challenging” or “extremely challenging” to train staff to use GRC tools. This makes it difficult to onboard users
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