SAP Governance Risk and Compliance
The SAP governance, risk and compliance (GRC) solution is a great way to maximise performance, both strategically and operationally, through managing regulations and policy compliance. It also mitigates any type of business risk, from Financials to Human Resources, environmental concerns to trade management.
Businesses are evolving more rapidly to respond to market changes along with increasing risks. And stakeholders are demanding greater integrity and transparency. Spreadsheets, emails and inadequately managed documents are no longer acceptable for regulators, external auditors and the senior company executives ultimately responsible for any GRC failures.
GRC is neither a project nor a technology, but a corporate objective for improving governance through more-effective compliance and a better understanding of the impact of risk on business performance. Governance, risk management and compliance have many valid definitions.
To get an integrated GRC system we must first look at the individual modules within the SAP GRC solution;
Access Control specifically looks at what access people have in an organisation. It may seem basic but with starters, movers and leavers, appropriate access can be a real concern. Employing proper segregation of duties, governing enterprise roles, provisioning users, and granting audited emergency access for super users is key to managing organisational risk.
Process Control acts as a central control hub that automates tasks, monitors activity and reports in real-time. It gives you a continuous insight into the compliance status of the controls in place across your key business processes, aligning them with risk prevention. In conjunction with well-defined controls that eradicate duplication and simplify assurance, SAP GRC Process Control is a powerful capability.
SAP GRC Risk Management helps you integrate and coordinate risk management activities, gain a deeper understanding of risk, and plan timely, reliable responses. It provides insightful information to help you manage risk in a responsible way. And it helps you assess threats and opportunities, so you can make better decisions to positively impact the performance of your business.
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