Calculate Your ROI
Find out how you could save on the cost and hours spent on managing risks with the help of Camms
Realising the value of Camms
When risk data is contained in a spreadsheet, it’s just data; when risk data is used in a GRC tool, it becomes insights and decisions.
Spreadsheets are no longer a viable option to facilitate your organisation’s risk management practices. Some businesses have started their journey to automation but are struggling with disparate systems or are using a tool that is no longer suitable for their needs. All of these cause roadblocks to achieving an effective and efficient Governance, Risk and Compliance program.
This ROI calculator is built to help you determine the cost saving you can make with the help of Camms. The calculator aims to provide high level estimates on time and effort saved. The implementation of Camms also brings about significant intangible benefits and organisational improvements across risk processes and behaviours.
Calculator assumptions
- The average FTE hourly rate will encompass all users who may interact with the system proportionately to how much time they would be spending managing risk.
- The way in which the three broad user groups interact with the system will differ, with focuses on; input of data, manging risks and using risk information to drive decision making.
- This improvement is driven primarily on automation of processes and communications, as well as the centralising of data.
- Organisation will have 5 broad directorates and 15 departments.
- Each risk and control will require approximately 5 hours of management across the whole process of assessment, communication and distribution of information.
- This calculator is a guide not a quote.
- FTE hourly rate will account for end users/ non-risk professionals, risk managers and executive level users, as well as all in between.
- Estimated % saving on time managing risks is 30%.
- Estimated % saving on report collation and preparation is 60%.
- Reporting improvement is driven primarily on the centralising of data for collation and automatic creation of dashboards and reports.
- Risk management includes the collation of risk information, communication with relevant members, assessment of the risk and relevant assurance work.
- Control management encompasses the collation of information, assessment of controls and assurance work across second and third lines of defence.
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