{"id":56910,"date":"2026-04-08T11:06:21","date_gmt":"2026-04-08T09:06:21","guid":{"rendered":"https:\/\/swissgrc.com\/en\/?post_type=success_story&p=56910"},"modified":"2026-09-16T10:40:40","modified_gmt":"2026-09-16T08:40:40","slug":"benefits-journey-to-combined-assurance-with-swiss-grc","status":"publish","type":"success_story","link":"https:\/\/swissgrc.com\/en\/success_story\/benefits-journey-to-combined-assurance-with-swiss-grc\/","title":{"rendered":"BENEFIT\u2019s Journey to Combined Assurance with Swiss GRC"},"content":{"rendered":"\n

The BENEFIT Company has significantly strengthened its governance, risk, and compliance (GRC) capabilities through the implementation of Swiss GRC\u2019s integrated platform. What began as a strategic exploration evolved into a transformation towards true Combined Assurance, enhancing collaboration, automation, and audit excellence across the organization.<\/h4>\n\n\n\n
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Background and strategic starting point<\/h2>\n\n\n\n

In Q4 2023, BENEFIT<\/a> launched a strategic initiative driven by the Cyber Risk Committee: to explore Governance, Risk, and Compliance (GRC) solutions and implement a platform capable of automating processes and improving collaboration across assurance functions.<\/p>\n\n\n\n

The initiative was closely aligned with Internal Governance Committee discussions, bringing together stakeholders from Compliance, Internal Audit, Business Continuity, Risk Management, Information Security, and Legal. The objective was clear: move away from fragmented and manual processes towards a more integrated and transparent governance framework.<\/p>\n\n\n\n

To inform the decision-making process, BENEFIT assessed GRC providers within Bahrain, leveraging insights from organizations that had already implemented such solutions locally.<\/p>\n\n\n\n

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Challenges Along the Way<\/h2>\n\n\n\n

The evaluation process revealed two key challenges:<\/p>\n\n\n\n

Cost vs. Organization Size<\/strong>
Many GRC solutions were designed for large enterprises with extensive assurance teams, resulting in cost structures that were not aligned with BENEFIT\u2019s organizational size.<\/p>\n\n\n\n

Limited Customization<\/strong>
Available solutions lacked the flexibility to adapt to the specific operational and regulatory context in Bahrain, making it difficult to tailor them to BENEFIT\u2019s needs.<\/p>\n\n\n\n

These challenges highlighted the need for a solution that could balance sophistication with flexibility and scalability.<\/p>\n\n\n\n

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A turning point<\/h2>\n\n\n\n

In January 2024, BENEFIT attended a two-day GRC event in Dubai, where multiple providers presented their solutions. During this event, the team met Rajeev Dutt from Swiss GRC.<\/p>\n\n\n\n

What stood out was a simple but decisive question:
\u00abWhat do you need? What are your expectations?\u00bb<\/em><\/p>\n\n\n\n

This shifted the conversation from product capabilities to organizational requirements.<\/p>\n\n\n\n

The immediate question from BENEFIT was:
\u00abCan Swiss GRC be customized to our needs, processes, and budget?\u00bb<\/em><\/p>\n\n\n\n

The answer was a confident \u00abYes.\u00bb<\/strong> From that moment, the foundation for the partnership was established.<\/p>\n\n\n\n

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Selection and implementation<\/h2>\n\n\n\n

Following a thorough evaluation and internal alignment process, BENEFIT recommended Swiss GRC to its Board Committees. After approval, the implementation and licensing agreement was signed, and the rollout began. A key differentiator was Swiss GRC\u2019s ability to provide deep customization without impacting other customers. This enabled BENEFIT to design workflows tailored precisely to its internal processes while maintaining a consistent governance structure.<\/p>\n\n\n\n

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Implementation Approach and Phased Rollout<\/h2>\n\n\n\n

The implementation was structured in phases to ensure a controlled and sustainable rollout:<\/p>\n\n\n\n

Phase 1 \u2013 Internal Audit<\/strong>
Internal Audit<\/a> was the first function to go live, with fully automated workflows aligned to the Global Internal Audit Standards 2024.<\/p>\n\n\n\n

Phase 2 \u2013 Compliance<\/strong>
Compliance requirements were finalized and prepared for deployment, ensuring regulatory processes would be integrated into the broader governance framework.<\/p>\n\n\n\n

Phase 3 \u2013 Expansion Across Functions<\/strong>
The platform was further extended to include:<\/p>\n\n\n\n