SAP Offers Enhancements In Two BusinessObjects GRC Solutions
New versions of the SAP BusinessObjects Risk Management and SAP BusinessObjects Process Control apps give customers the clarity required to help ensure that the right controls are in place.
In a rapidly changing economic environment marked by unpredictable risk, organisations today are increasingly vulnerable to financial loss and tarnished reputations. SAP AG has introduced new capabilities in two SAP BusinessObjects governance, risk, and compliance (GRC) solutions that promote automated, unified risk management and compliance strategies.
Available today, new versions of the SAP BusinessObjects Risk Management and SAP BusinessObjects Process Control applications give customers the clarity required to help ensure that the right controls are in place, helping them to both comply with government regulations and manage business risks. The new SAP BusinessObjects GRC solutions are also embedded with SAP BusinessObjects business intelligence (BI) solutions, enabling greater transparency across customers' organisations and helping them to develop more risk-aware business strategies.
The new versions of SAP BusinessObjects Risk Management and SAP BusinessObjects Process Control will allow business users to embed risk management into existing business processes and divisions. Now risk managers and auditors can easily build controls and key risk indicators that monitor the business environment, helping to prevent problems and promote the effectiveness of existing systems.
The embedded SAP BusinessObjects BI solutions will enable simplified reporting, dashboarding and analytics for customers. For risk and compliance programmes to succeed, business users across the company must have access to risk information. Now business users can easily create, customise and distribute a report from Crystal Reports software or a dashboard from Xcelsius software to highlight a potential problem. Leveraging technologies like Xcelsius to build ‘heat maps’ offers companies a visually strong way to demonstrate trouble spots, such as supply chain disruptions and its potential financial impact.
The enhancements to SAP BusinessObjects GRC solutions also help enable customers to manage multiple compliance programmes centrally. Rather than manually tracking numerous initiatives one by one, customers can manage various risk management and compliance programs at the same time in one environment. This centralised approach also helps make sure that controls are being used effectively across the company. For example, Sarbanes-Oxley and HIPPA regulations may require the same controls; now customers can use the same controls and make sure they are deployed consistently across various initiatives.
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