2018 GRC Value Award Nominations

GRC 20/20 is accepting nominations for the 2018 GRC Value Awards!

Successful governance, risk management, and compliance (GRC) delivers the ability to effectively mitigate risk, meet requirements, satisfy auditors, achieve human and financial efficiency, and meet the demands of a changing business environment with agility. GRC solutions should achieve better performing processes that utilize more reliable information. This enables a better performing, and a less costly, more flexible business environment. Clients engage GRC solutions with the goals of understanding and managing risk, ensuring compliance with obligations, improving human and financial efficiencies, enhancing transparency, and managing GRC in the context of business change.

GRC 20/20 measures the value of GRC engagement around the elements of efficiency, effectiveness and agility. Organizations need to be:

  • Effective: At the end of the day it is about effectiveness. How does the organization ensure risk and compliance is effectively understood, monitored, and managed at all levels of the organization?
  • Efficient: GRC engagement provides efficiency and savings in both human and financial capital. GRC efficiency is achieved when there is a measurable reduction in human and financial capital resources needed to address GRC in the context of business operations.
  • Agile: GRC engagement delivers business agility where organizations can respond rapidly to changes in the business environment (e.g., employees, business relationships, mergers and acquisitions, new laws and regulations) and communicate to employees GRC context to these changes.

The 2018 GRC Value Award nominations will be accepted through 31 July 2018 (no exceptions, nomination form closes down at midnight CDT on 21 July). Recipients will be determined by mid-September with announcements in November.

The 2018 GRC Value awards are to recognize GRC solutions that have returned significant and measurable value to an organization. The nomination must be on a specific implementation/project in a verifiable client.  No generalizations or consolidations of multiple clients.  The GRC Value awards are to acknowledge specific QUANTIFIABLE value in a specific instance.  These are cold hard facts that empirical, measurable, and objective. Every nominee if selected for final recognition (both solution provider and client) must be willing to spend up to an hour on the phone (separately and not together) to discuss the submission and validate accuracy of submission.  Only the top nominations in each category will go through the validation process.

All award submissions are based on a single real-world implementation.   Factual accuracy and integrity is necessary.  GRC 20/20 will take all the nominations and select in each category the submissions that articulate the greatest quantifiable value in objective, measurable terms.  We are looking for hard facts not just soft bullet points.  Time saved, dollars saved, FTEs reduced.  Numbers win, generalizations lose.  Every submission must have contact information of the organization that claims to have received this value.  These organizations will be contacted and interviewed to determine if they have actually received the stated value as portrayed.  Any misrepresentation of issues found will disqualify the nomination from receiving the award and the next set of nominations in each category will be evaluated.

Each recipient of an award will be written up and acknowledged.  Details of the nomination will be referred to but can be handled anonymously (if formally requested) in award announcements/communications from GRC 20/20.  So the client reference case study does not have to be named and can be anonymous, but GRC 20/20 must be able to know who the client case study is and validate the facts.

The seventeen categories for submission are:

  • Audit Value Case Study
  • Automated / Continuous Control Value Case Study
  • Business Continuity Value Case Study
  • Compliance Management Value Case Study
  • Enterprise GRC Value Case Study
  • Environmental, Health &; Safety Value Case Study
  • IT GRC Value Case Study
  • Internal Control Value Case Study
  • Issue Reporting & Management Value Case Study
  • Legal Management Value Case Study
  • Physical Security Value Case Study
  • Policy & Training Value Case Study
  • Quality Management Value Case Study
  • Reputation & Responsibility Value Case Study
  • Risk Management Value Case Study
  • Strategy & Performance Value Case Study
  • Third Party Management Value Case Study

Please submit nominations before midnight on 31 July 2018.  Nomination forms will be accepted until this date, finalists selected and deeper dives in mid-September, with recipients selected by November and announced in the beginning of December.  Award recipients will be announced to vendors end of  October so that coordinated announcements/press releases can go out in the beginning of December.

2018 GRC Value Nomination Form

2018 GRC Value Award Nomination

  • GRC Solution Provider Organization Details

    The details requested in this section are for the organization overall and not specific to the solution.
  • Solution Provider Nomination Submitter Contact Details

    Please enter the contact information for the primary individual responsible for this nomination.
  • Case Study Client Reference

    All Value Award nominations are 100% based on value from a single case study. Please enter the contact details of your client case study so all data points can be validated should your nomination be selected as a finalist. No nomination will be accepted or reviewed unless a Case Study Client Reference is provided.
  • Value Award Case Study Details

    Please enter the details for this nomination.
  • There will only be one winner in each category and the winner is the value case study that presents the strongest number of hard facts (quantitative, money saved, time saved). Note that soft facts will be considered in case of a tie.
  • Please list your solution or solutions (if more than one) that are part of this value case study.
    Add a new row
  • Please avoid hyperbole and stick to specific facts and details.
  • Basically, why would organizations care about this and what value does it bring them.
  • Add a new row
  • Add a new row
  • EFFICIENCY VALUE

    GRC solutions provide efficiency and savings in human and financial capital resources. Technology solutions that support business and GRC processes reduce operational costs by automating processes, particularly those that take a lot of time consolidating and reconciling information in order to manage and mitigate risk and meet compliance requirements. GRC efficiency is achieved when there is a measurable reduction in human and financial capital resources needed to address GRC in the context of business operations.
  • Hard facts are analytical, empirical, measurable, and objective. They typically have numbers or percentages involved and can be measured around volume, cost, savings, time, headcount, units/assessments, etc.
    Add a new row
  • Soft facts are subjective and are not empirical. They are more focused on gut feeling and not something that has been accurately measured.
    Add a new row
  • EFFECTIVENESS VALUE

    GRC solutions achieve effectiveness in risk, control, compliance, audit, and business processes. This is delivered through greater assurance of the design and operational effectiveness of controls to mitigate risk, achieve performance, protect integrity of the organization, and meet regulatory requirements. GRC effectiveness is validated when business processes are operating within the controls and policies set by the organization and provide greater reliability of information to auditors and regulators.
  • Hard facts are analytical, empirical, measurable, and objective. They typically have numbers or percentages involved and can be measured around volume, cost, savings, time, headcount, units/assessments, etc.
    Add a new row
  • Soft facts are subjective and are not empirical. They are more focused on gut feeling and not something that has been accurately measured.
    Add a new row
  • AGILITY VALUE

    GRC solutions deliver business agility where organizations are able to rapidly respond to changes in the internal business environment (e.g., employees, business relationships, operational risks, mergers, and acquisitions) as well as the external environment (e.g., economic risk, new laws, and regulations). GRC agility is also achieved when organizations can identify and react quickly to control failures/weaknesses, non-compliance, and adverse events in a timely manner so that action can be taken.
  • Hard facts are analytical, empirical, measurable, and objective. They typically have numbers or percentages involved and can be measured around volume, cost, savings, time, headcount, units/assessments, etc.
    Add a new row
  • Soft facts are subjective and are not empirical. They are more focused on gut feeling and not something that has been accurately measured.
    Add a new row
  • Further Details Needed

  • Drop files here or
  • This field is for validation purposes and should be left unchanged.
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