SAP has announced the availability of its newest release of governance, risk and compliance (GRC) software, providing what it says is a single, unified environment for the management, monitoring and analysis of enterprise risk and compliance activities. The latest release, says SAP, was 3 years in the making and introduces a common look and feel across all applications in the GRC suite; embedded business intelligence (BI) reports and dashboards; and a graphical tool to define and depict risks.
The new features, says the company, make the products easier to use and enable people to garner attention to risks from business managers who have limited GRC expertise. By integrating GRC activities into core business processes and applications, executives can manage their businesses proactively and strategically rather than reactively, says SAP.
The software offers policy management and audit capabilities, granular security controls, enterprise support and the ability to transport and archive data. “As organizations grow, they must manage different types of risks and controls to be successful,” said Paul Proctor, a Gartner analyst. “They also have to overcome the challenges of increasing audit and regulatory requirements in distributed environments. GRC management software can help companies succeed by automating traditionally manual processes to identify and manage risk so the organization can pursue new opportunities,” he added.
