Financial results are no longer the sole basis of company success. Stakeholders now want evidence that organisations are conducting their operations effectively, profitably, and ethically. Successful companies reach corporate accountability by proving to stakeholders that their business is reliable, compliant, and sustainable. Achieving this level of operations and reporting requires a unified GRC strategy that guides people, standardises processes, and integrates technology to embed GRC at every organisational level.

SAP BusinessObjects governance, risk, and compliance solutions (SAP BusinessObjects GRC solutions) promote corporate accountability by unifying corporate strategy, control initiatives, opportunity discovery, and loss mitigation across the extended enterprise. Managing GRC across the extended enterprise allows processes and strategies to be evaluated within the company and extended to partners, suppliers, and customers – truly representing the reach of the enterprise.

Solutions for Automating End-to-End GRC Processes

Only SAP BusinessObjects GRC solutions automate end-to-end GRC processes to address corporate governance and oversight, risk 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 maximise corporate performance and minimise the market penalties from high-impact events.
• SAP BusinessObjects Access Control – Identify and prevent access and authorization risks in cross-enterprise IT systems to prevent fraud and reduce the cost of continuous compliance and control.
• 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 – Manage all foreign trade processes with a comprehensive platform to ensure trade compliance, expedited cross-border transactions, and optimum utilisation of trade agreements.
• Environment, health, and safety compliance management applications – Align business processes with environmental, occupational, and product safety regulations, and with corporate policies to ensure proactive compliance.
• Data Privacy composite application by SAP and Cisco – Proactively enforce global and local data privacy policies throughout the extended enterprise.

SAP BusinessObjects GRC solutions enable risk management and regulatory and policy compliance across SAP processes.

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