Software for Governance, Risk, and Compliance
SAP GRC Risk Management
When implemented within a unified GRC solution, effective risk management can improve decision making and create significant value throughout the enterprise. But too often, actual risk management practices are manual and reactive, and risk-relevant information is locked in silos. As a result, organizations are ill-equipped to recognize critical risks, analyze risk-reward tradeoffs, and respond appropriately based on quantitative cost/benefit analyses.
Balance Business Opportunities with Risk Exposure to Minimize Penalties
With the SAP GRC Risk Management application, you can implement proactive, collaborative processes throughout your enterprise -- enabling you to balance new business opportunities with financial, legal, and operational risks.
The application provides a best-practice framework for enterprise risk identification, collaborative risk analysis, risk-response management, and continuous risk monitoring and reporting. So you can effectively anticipate and respond to changing business conditions.
SAP GRC Risk Management enables you to:
- Identify and monitor risk automatically -- Use role-based dashboards and alerts to prioritize corrective action. When high-impact and high-probability risks exceed company thresholds, management receives alerts automatically.
- Coordinate risk mitigation across lines of business -- Organize and share best-practice risk responses across the extended enterprise. Align risks with business policies and controls using the centrally managed GRC Repository to consolidate approaches and ensure consistency. Rely on risk self-assessments to capture, track, and address risk and loss events that would otherwise not be captured.
- Acquire performance-based risk management strategies -- Address corporate risk strategically by balancing risk avoidance costs against new business opportunities. Monitor and analyze the overall risk portfolio -- including cohesive, global profiles of operational and entity-level risks -- in terms of severity and the likelihood of impact based on early shifts in risk profiles.