Total Economic Impact Study of MetricStream Enterprise GRC

This document is a Total Economic Impact study commissioned by MetricStream and conducted by Forrester Consulting. It evaluates the potential return on investment (ROI) for enterprises deploying MetricStream's Enterprise Governance, Risk, and Compliance (GRC) platform. The study outlines the increasing complexity of governance, risk, regulatory, and compliance requirements faced by organizations, necessitating a reevaluation of audit and risk management approaches. It details the benefits of adopting a unified cloud-based GRC system, including improved compliance, risk management, and audit processes. The findings indicate significant cost savings and business benefits, with a reported ROI of 133% and a net present value of $4.8 million over three years. The study also highlights the elimination of legacy systems, enhanced collaboration, and improved visibility as key advantages of the Enterprise GRC platform. Additionally, it discusses the challenges organizations faced prior to implementation, such as scattered data and manual workflows, which hindered effective compliance and risk management.