SAP expands portfolio of Governance, Risk and Compliance (GRC) Solutions   17th March 2008 SAP has announced new versions of products for governance, risk and compliance (GRC). The latest release is designed to accelerate resolution of security authorisation issues without manual intervention, integrate risk and strategy management capabilities as well as assist in the central monitoring of business controls across multiple regions and IT environments. “Executives today are under pressure to manage risk more intelligently,” said Lee Dittmar, a principal with Deloitte Consulting LLP. “It is impossible to do this efficiently and effectively without the right information technology. Working together with SAP, we are demonstrating how information technology can and should enable our clients to better understand, monitor and mitigate risk. SAP's GRC strategy is consistent with a move away from stand-alone ‘tools' toward an integrated, architected approach to meet enterprise needs.” “In the face of an increasingly complex compliance environment, SAP recognizes that achieving corporate accountability while also reducing the cost of compliance is an essential business imperative,” said Miles Everson, US Governance, Risk & Compliance leader, PricewaterhouseCoopers. “Our collaboration with SAP, and the advancement of their unified technology platform, furthers our vision of sensible integration of governance, risk and compliance activities to increase effectiveness while reducing complexity and cost.” SAP GRC Access Control helps companies maintain compliance by validating that employee security authorisations match their roles and duties. If overlapping roles are detected, managers are automatically notified of any security risks and initiate workflows to accelerate resolution without manual intervention. SAP also announced that SAP GRC Risk Management is now integrated with SAP Strategy Management, part of the company's enterprise performance management portfolio. By linking strategy with risk management, executives can plan and execute corporate strategy with an in-depth understanding of the underlying risks. This integration, says SAP will help companies to create a more “risk-intelligent” enterprise, allowing them to govern their overall business more effectively.
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