Implementing a Governance, Risk, and Compliance (GRC) software solution can revolutionize your organization's risk management processes. However, not all GRC software providers are created equal, and choosing the wrong solution can hinder your return on investment (ROI). In this article, we will explore ten common pitfalls that can kill your ROI and how 6clicks, an innovative GRC software platform, addresses these challenges head-on.
1. Paying for individual user licenses as you expand adoption
Traditional GRC software providers often charge per user, leading to substantial licensing costs as your organization grows. With 6clicks, user licensing is unlimited, allowing you to expand adoption without worrying about increasing expenses. Say goodbye to complex legacy licensing models and embrace a scalable solution that grows with your organization.
2. Paying for extra modules when you need to do more
Some GRC software providers force you to pay for additional modules when you require expanded functionality. 6clicks takes a different approach. All modules are fully integrated and available from the start. Whether you need enterprise risk management, vendor risk management, or policy and compliance management, 6clicks provides all the necessary tools within a single solution.
3. Needing to hire admins for configuration, reporting updates, and data management
Managing GRC software can be challenging, requiring dedicated administrators for configuration, reporting updates, and data management. 6clicks offers premier success with unlimited access to their customer success team, eliminating the need to employ additional admins. You can rely on their experts to assist with any configuration or reporting needs, ensuring a smooth and efficient GRC software experience.
4. Paying extra for enhancements and custom configurations
Many GRC software providers charge exorbitant fees for enhancements and custom configurations. This is often because they need to manage multiple instances of their product, resulting in additional costs passed on to the customer. With 6clicks, all enhancements and custom configurations are included in your subscription. Say goodbye to unexpected expenses and enjoy the flexibility to tailor the software to your unique requirements.
5. Paying for upgrades
Upgrading GRC software can be a costly affair, requiring additional fees to access the latest features and improvements. 6clicks takes a different approach by providing continuous updates at no extra cost. With frequent upgrades, often on a weekly basis, you can rest assured that you're always benefiting from the latest advancements without incurring additional expenses.
6. Using software that's old and clunky
Outdated and clunky GRC software can hamper productivity and frustrate users. 6clicks is designed with a modern and intuitive interface, ensuring a seamless user experience. Say goodbye to outdated systems and embrace a GRC software solution that prioritizes usability and efficiency.
7. Paying for content feeds or frameworks
Access to up-to-date content, such as standards, laws, regulations, and risk libraries, is crucial for effective risk management. With 6clicks, a comprehensive content library is baked into the platform. Say goodbye to paying for additional content feeds or frameworks and leverage a solution that provides all the necessary resources within the software.
8. Doing things manually when AI can save you time
Manual processes can be time-consuming and prone to errors. 6clicks incorporates artificial intelligence (AI) into its platform, revolutionizing GRC practices. With AI-powered capabilities for compliance mapping, control definition, policy gap analysis, and more, 6clicks streamlines workflows, saves time, and enhances accuracy.
9. Getting stuck with artificial limits on assessments, vendors, modules or storage
Some GRC software providers impose artificial limits on assessments, vendors, or storage, stifling your organization's growth and flexibility. 6clicks breaks free from such limitations, offering unlimited assessments, vendor management, and storage capacity. Scale your risk management efforts without worrying about arbitrary restrictions.
10. Taking months or even years to get up and running
Lengthy implementation processes can delay the realization of ROI. With 6clicks, most customers experience benefits in a matter of weeks. Leveraging the platform's unique hub and spoke architecture, you can progressively deploy the software across teams, accelerating time to value and ensuring a smooth transition.
When it comes to GRC software, avoiding the ten ROI killers outlined in this article is crucial. By choosing 6clicks, an innovative and comprehensive GRC software platform, you can overcome these challenges and achieve significant returns on your investment. With unlimited user licensing, integrated modules, AI-powered features, continuous upgrades, and exceptional customer support, 6clicks empowers organizations to optimize their risk management processes and drive success. Choose 6clicks for a GRC software solution that delivers exceptional value and propels your organization forward.