Globally integrated markets impose increasing volumes of regulations. Stakeholders are demanding enterprise risk management, transparency, accountability and optimized performance. Successful companies address these challenges by proactively managing risk 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 this level of 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 regulations and policy compliance – while proactively mitigating all types of business risk. Managing GRC across the enterprise allows processes, risks, and strategies to be evaluated, and managed to optimize performance.

Solutions for Automating Risk-Based GRC Processes

SAP BusinessObjects GRC solutions automate risk-based GRC processes to address risk management, access management, and compliance management and reporting. SAP BusinessObjects GRC solutions include the following:

• SAP BusinessObjects Risk Management – Balance business opportunities with financial, legal, and operational risks to maximize corporate performance and minimize the market penalties from high-impact events.
• SAP BusinessObjects Access Control – Protect information efficiently and prevent fraud by identifying and preventing access and authorization risks in cross-enterprise IT systems
• SAP BusinessObjects Process Control – Ensure compliance and enable business process control management by centrally monitoring key controls over cross-enterprise systems.
• SAP BusinessObjects 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.
• SAP 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 enable risk management and regulatory and policy compliance across industries, including:

Automotive Banking Chemicals Consumer products

High tech Life sciences Oil & gas Utilities