I dont think many people would have thought of Governance , Risk Management & Compliance as a competitive advantage, but that is exactly what SAP says its trying to make it.

In my last post i highlighted the GRC Maturity Model , this one is going to focus on what SAP's GRC software ...is about:

SAP is helping to define and deliver the industry's first integrated, comprehensive GRC software solution supported by an end-to-end solution portfolio and a rich partner ecosystem. The GRC software solution allows you to move away from reacting to business risks and events and to move toward improving business predictability and performance.

The GRC software encompasses four layers:
Level One: Common Software Foundation
Level Two: Embedded Horizontal and Vertical GRC
Level Three: Business and Risk Management
Level Four: Measurement and Collaboration




Level One:
A common software foundation provides the common denominator across a heterogeneous system landscape and serves as the basis for all GRC solutions. From an IT perspective, a common software foundation prevents duplication and fragmentation of effort across GRC mandates, protocols, and systems.

Level Two:
Within the software, GRC management is treated as part of all core business processes, not as a separate business process. As a result, GRC applications are embedded in day-to-day activities, drive the automation of routine activities, and ensure information and process consistency across your enterprise.

Level Three:
A primary motivation for uniting GRC disciplines is to more effectively manage them from a system perspective. Governance policies and corporate guidelines are linked to risk tolerance levels and aligned to risk management and compliance management activities.

Level Four:
Risk assessments and algorithms aggregate and analyze the information in the registry and create business alerts when appropriate. These automated alerts are pushed out to the appropriate decision makers, supporting a complete process from insight to action.

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Prashanth Rai