Stakeholders are demanding effective governance, including enterprise risk management, transparency, accountability, and optimized performance. At the same time, globally integrated markets are imposing increasing volumes of regulations. Successful companies address these challenges by proactively managing performance across the enterprise with risk-balanced strategy management, and risk-based controls embedded in business process areas ranging from financial to human resources, environmental to trade management.

These companies increase visibility across risk and compliance initiatives, and they do so efficiently to minimize the cost of governance, risk, and compliance (GRC). Achieving effective and efficient operations and reporting requires a unified GRC strategy that guides people, standardizes processes, and integrates technology to embed GRC at every organizational level.

SAP BusinessObjects governance, risk, and compliance solutions (SAP BusinessObjects GRC solutions) maximize strategic and operational performance by cost-effectively managing regulatory and policy compliance, while proactively mitigating all types of business risk.

With SAP BusinessObjects GRC solutions, you can automate risk-based GRC processes to address risk management, access management, continuous controls testing and data monitoring, and compliance management and reporting.

SAP BusinessObjects GRC solutions address the following processes:

• Risk management – Balance business opportunities with strategic, operational, financial, legal, and compliance risks to maximize corporate performance and minimize the market penalties from high-impact events.
• Access control – Protect information efficiently and prevent fraud by identifying and preventing access and authorization risks in cross-enterprise IT systems.
• Process control – Ensure compliance and enable business process control management by centrally monitoring key controls and data across-enterprise systems.
• Global trade services – Lower the cost and risk of international trade with a comprehensive platform to ensure trade compliance, expedited cross-border transactions, and optimum utilization of trade agreements.
• Environment, health, and safety management – Empower your organization to address regulatory compliance; integrate the management of operational risks related to environment, health, and safety; and address corporate sustainability initiatives.

SAP BusinessObjects GRC solutions enable risk management and regulatory and policy compliance across processes supported by both SAP and non-SAP software.

GRC Support for Industry Requirements

SAP BusinessObjects GRC solutions also support risk management and regulatory and policy compliance across industries, including:

Automotive Banking Chemicals Consumer products

High tech Life sciences Oil & gas Utilities