Governance, Risk, Compliance (GRC)

SAP GRC and cybersecurity solutions effectively oversee risks, identities, cyber threats, and compliance within your crucial systems and processes. Rapidly transitioning to remote, continuous, and risk-adjusted management of risk and compliance across your enterprise, SAP’s governance, risk, and compliance solutions empower your teams to operate efficiently from any location. Integrated into your software landscape, these solutions automate tasks, enhance decision-making, and provide real-time visibility and control. Leveraging predictive risk intelligence, SAP GRC solutions inform everyday business operations and planning. Developed using SAP technology, these solutions offer flexibility and scalability, allowing you to deploy them gradually while maintaining a consistent approach. This approach fosters transparent workflows, reduces redundant efforts, and delivers an intuitive user experience across applications. The benefits include continuous and predictive risk detection, improved compliance, enhanced efficiency and transparency through intelligent automation, and more confident responses to new threats and opportunities. The overarching objectives include managing risks while achieving business objectives, reducing the time and cost of risk management and compliance, gaining early predictive insights, and investing in a unified approach to governance, risk, and compliance management.

SAP Risk Management

The SAP Risk Management application enables automated, continuous risk management across your enterprise that can be well understood and effective. Integrated with your SAP software landscape, it proactively identifies and prioritizes events and circumstances posing risks to your organization and helps you assess root causes and potential impacts, develop counterstrategies, and monitor progress. At the same time, you can

Formalize how you plan, identify, analyze, monitor, and respond to risks
Focus on the processes and activities that are most important by aligning value drivers, objectives, critical activities, and high-impact risks
Integrate with the SAP Process Control and SAP Audit Management applications for a shared audit universe, policies, controls, and risk-response updates
Automate risk indicators and controls to reduce redundancy and lower costs
Act decisively on emerging risks and opportunities – and boost profitability – with instant access to key risk indicators and integration with SAP S/4HANA.
Use focused capabilities such as rapid risk escalation, Monte Carlo simulation, risk bow-tie builder, loss event management, and cybersecurity quantification with alerts coming from the SAP Enterprise Threat Detection application
Access reporting and analytics for real-time visibility into risk events and risk profiles

SAP Process Control

With SAP Process Control, you can help establish comprehensive, effective, and ongoing controls and compliance management throughout your organization. Use it to create a single source of truth for controls, laying the foundation for a robust, multi compliance framework for documenting, testing, and reporting across processes, regulations, and company initiatives. For example, it enables you to

Focus technology and people on high-impact processes, top regulatory mandates, and risks
Continuously monitor configuration setting changes, transactions, and master data in SAP S/4HANA and other business systems
Automate key compliance and control activities to prioritize efforts and reduce costs
Continuously test control effectiveness, remediate issues, and gain greater insight into the status of process control activities across the enterprise
Integrate with other SAP GRC solutions
Manage policy lifecycles, compliance, and controls, complete with clear ownership and transparency for users and stakeholders

SAP Audit Management

To assess the continued operational viability of your business and provide critical insight to executives and the board, your internal auditors must embrace technology. The SAP Audit Management application enables you to plan your audit engagements, automate assessments, document evidence, perform audits, and handle audit issues globally. Work such as organizing work papers and creating audit reports can be completed quickly and efficiently, as the solution enables the capture of audit documentation and evidence from mobile devices. And continuous audit and test execution is supported when integrated with SAP Process Control and the SAP Business Integrity Screening application.

Armed with information and insight, you can shift the focus of internal audits from simply providing basic assurance to sharing insight and strategic advice with those who need it most, such as your board and C-level executives. You can also demonstrate with confidence that they are receiving complete, accurate information on risk, control, and compliance. You can even determine internal audit performance using measures such as number of audits, time spent per audit, resource utilization, and more.

SAP Business Integrity Screening application

With SAP Business Integrity Screening, you can screen business partners and large volumes of transactional data in real time to help detect, prevent, and deter fraudulent activity and reduce third-party risk. Intelligent automated functions enable you to:

Perform exception detection and compliance checks: Receive alert notifications for exception scenarios that are relevant to your organization, such as potential misappropriation of assets, policy violations, incorrect transactions, or fraud.
Calibrate detection strategies: Refine your detection strategies with calibration and simulation features to perform what-if analyses on historical data and assess which approaches may prove most effective.
Prevent and deter bad actors: Analyze exception-based scenarios to understand how to prevent reoccurrence and to determine which approaches are most effective in deterring anomalous and fraudulent activity.
Screen business partners: Avoid doing business with high-risk or sanctioned parties by screening against lists from the government agencies, international organizations, and private content providers

SAP Regulation Management application by Greenlight

Regulations are constantly changing on a global basis. Now, you can stay on top of changes relevant to your business with the SAP Regulation Management application by Greenlight. It enhances your governance, risk, and compliance processes by providing extensive mandate updates and mapping changes in regulatory requirements to your current and new controls. It’s never been easier to:

Centralize and standardize compliance: Manage and report on regulatory and compliance requirements across the organization for better control, efficient execution, and streamlined processes.
Focus on challenges with the greatest impact: Reduce cost and risk by facilitating collaborative decision-making among stakeholders and prioritizing issues with optimal business and compliance impacts.
Enable regulatory compliance and auditability: Integrate operational and internal controls processes so compliance becomes a by-product of best practices for controls and operational excellence.