How to implement an effective GRC program in 2025 ?

In 2025, Governance, Risk, and Compliance (GRC) are critical for businesses of all sizes small, medium, and large,  whether based in Morocco or operating as a multinational in Montreal, Canada.

A 2024 Deloitte study found that 60% of organizations fail their first Governance, Risk, and Compliance (GRC) audit because they weren’t properly prepared. Without a clear plan, setting up a GRC program can quickly become overwhelming.

In this blog post, you’ll find a practical guide to building a strong GRC program—whether you're operating in Canada, Morocco, or anywhere else.

What is a Governance, Risk, and Compliance Program?

A GRC “Governance, Risk, and Compliance” program is a strategic framework that helps businesses align their operations with their objectives, manage risks, and comply with regulations.

• Governance ensures transparent decision-making.

• Risk management protects against threats for example, cyberattacks and fraud by identifying and assessing risks.

• Compliance ensures adherence to local laws.

Steps to implement a Governance, Risk, and Compliance program

1. Define the vision and objectives of the program

Make sure your GRC program aligns with your organization’s overall strategy. Understand what key stakeholders expect, and establish clear success indicators like key performance indicators (KPIs) and return on investment (ROI) to measure progress effectively.

2. Assess the current situation

Start by assessing the current maturity of your GRC practices. Take stock of existing processes, tools, policies, and assigned roles and responsibilities. It’s also important to identify and map out your current risks and regulatory requirements.

3. Develop a GRC roadmap  

Build a clear roadmap by identifying the resources you'll need both human and financial—and prioritizing key areas for improvement, such as risk management, compliance, or internal controls. This plan will guide your efforts and help you stay focused on what matters most.

4. Select and/or configure a GRC solution

Assess the organization’s functional needs in areas like risk management, incident management, audits, compliance, and internal controls. 

Also, compare available GRC platforms for example MetricStream, ServiceNow based on their ability to meet these needs and their customization capabilities. Ensure the chosen solution is flexible, scalable, and interoperable with existing systems.

5. Train and engage stakeholders

Foster a GRC culture through targeted communications and training. Train users and key stakeholders on the GRC solution and establish a governance committee to oversee the program’s effective implementation.

6. Monitor, measure, and continuously improve

Implement GRC dashboards to track performance, conduct periodic reviews and internal audits, and adjust processes and solutions based on feedback and evolving risks.

Governance, Risk, and Compliance (GRC) is essential for businesses of all sizes. Yet, 60% fail their first GRC audit due to lack of preparation. A GRC program aligns operations with objectives, manages risks and ensures legal compliance.

Want to learn more about how to implement an effective GRC program in 2025? Contact us now for a free consultation with our sourceLogique team.

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