The SAP BusinessObjects Risk Management application provides risk-adjusted management of enterprise performance to optimize efficiency, increase effectiveness, and maximize visibility across risk initiatives. Business owners are provided with the tools needed to make risk-intelligent decisions across their areas of responsibility, drawing from proven best practice risk responses, enabling alignment and unification of fragmented risk management processes across the enterprise.

Business benefits include:

Optimize efficiency

• Easy assessment of effectiveness taken by risk owners via risk response tracking
• Enterprise-wide transparency via automation of manual and fragmented risk and control activities across all lines of business, including risk identification and evaluation
• Rapid access to risk information with automatic monitoring of key risk indicators
• Comprehensive assessment of risk versus reward by aligning risk management activities with corporate strategy

Increase effectiveness

• Proactive management of risks through the ability to automatically monitor risks and permit identification and action prior to business impact
• Comprehensive risk mitigation via the design of cross-function risk response and mitigation activities
• Consistent management of risk through a unified approach that encompasses strategic, financial, operational, and compliance risks

Maximize visibility

• Align and integrate the management of risks and controls across the enterprise through a unified framework
• Management by exception via automatic alerts, notifications, and escalations
• Simplified and complete risk and performance analysis via consolidated views across multiple lines of business