SAP® GOVERNANCE, RISK AND COMPLIANCE (GRC) SOLUTIONS SUPPORT

The SAP® Governance, Risk and Compliance (GRC) solutions support the implementation and operation of an integrated and rigorous governance framework and enterprise wide risk management.

RISK MANAGEMENT ENTERPRISE WIDE

  • Single point of documentation of all Risks (a hub where risks managed in dispersed and fragmented systems are referenced).
  • Automated and manual Key Risk Indicators tracking and alerting to changes in circumstances or magnitude of risks (using feeds from operational and analytical systems, track indicators of risk and automate notifications and alerts - for early review and action).
  • Workflow support for risk reviews, actions, reassessments both scheduled and triggered by system actions (such as KRI triggers).
  • Risk Validation process supported for authorization of risk status.
  • On line real time updated to risks, reports and dashboards.

INTEGRATED GOVERNANCE FRAMEWORK

  • Single user interface/Uniform set of procedures
  • Consistent risk and control language supports a risk aware culture and Transparency across the organization
  • Roles and responsibilities defined, assigned and visible
  • Full lifecycle governance Policy Management system ( policies repository,version control, authorization, communication and dissemination and testing).
  • Supports collaboration across functions and throughout the process steps.
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