Solutions for GRC eBook by danieldnx

Confidence Powers Success. SAP速 Solutions for Governance, Risk, and Compliance.

Table of Contents

3) Build trust to achieve business results Introduction

4-5)

Gain clarity from greater insight SAP Risk Management

6-7) Control who accesses your data SAP Access Control

8-9) Reduce risk with effective policies and controls SAP Process Control

10) Protect against fraud SAP Fraud Management

11-12) SAP Audit Management Transform audit, move beyond assurance

13) SAP solutions for Governance, Risk, and Compliance A portfolio of solutions

SAP® SOLUTIONS FOR GOVERNANCE, RISK, AND COMPLIANCE

Build trust to achieve business results Whatever your business, confidence is key. Confidence comes from knowing your organization is anticipating and effectively responding to everchanging risks and compliance requirements. By managing risks effectively and making business processes more transparent and efficient, you’ll assure stakeholders that investments in people, processes, and technology are protected and well-managed.

With SAP® solutions for governance, risk, and compliance (GRC), you can move forward with confidence. You’ll gain greater clarity into how risks impact business value, be able to protect against unanticipated losses, and discover how risk and controls management drive performance and accountability in your organization. You will be equipped to provide assurance to the business that governance, risk and compliance is well managed It’s time to act with greater insight into risk and compliance; it’s time to drive business value.

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68%

of organizations surveyed admit they were caught off guard by an operational surprise in the last five years (Source: Beasley, Branson, and Hancock, July 2012)

66%

of executives surveyed consider enterprise risk management somewhat or extremely important (Source: SAPinsider Research)

90%

of companies surveyed that have integrated governance, risk, and compliance have had results that met or exceeded their expectations (Source: OCEG 2012 Maturity Survey)

50%

of companies surveyed are using outdated risk management solutions (Source: SAPinsider Research)

SAP RISK MANAGEMENT

Gain clarity from greater insight It’s one thing to know the risks your organization faces; it’s another to understand their causes and impacts. The SAP Risk Management application will help you formalize the way you plan, identify, analyze, monitor, and respond to risks in order to drive business value. By automating risk indicators and controls and reducing redundancy, you can cut the cost of managing risks. You’ll have the confidence that comes from understanding what drives your business risk and knowing you respond to risk effectively.

The SAP Risk Management application will enable you to: 1

Preserve and grow the value of your business through better collaboration and effective communication

Manage risk with increased reliability

Respond more effectively by drawing on clear insight into relationships between drivers, risk indicators, events, and effects

Maximize gains from business opportunities

Reduce the impact of losses through early mitigation.

Learn more Risk Management: The Value Proposition.

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Aberdeen Report – Effective GRC Management Strategies for Mitigating Risks and Sustaining Growth in the Tough Economy.

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Solution in Detail: SAP® Risk Management.

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SAP RISK MANAGEMENT

Case study Exxaro Resources South African diversified mining company Exxaro Resources was seeking integrated enterprise and operational risk management to ensure a uniform and effective risk culture in the organization. This desired change in culture included a shift in focus from a “check the box” and compliancerelated exercise to real risk mitigation, which would allow the organization to achieve its strategic objectives. By using SAP Risk Management, Exxaro was able to establish this desired risk culture, highlighting relevant and new topics from the operational level all the way up to the board level. Items previously

overlooked are now discussed with a focus on what responses are needed to mitigate significant risks. Exxaro now audits differently, with a more refined risk-based approach linking key controls and compliance initiatives as part of the overall response.

Exxaro Resources was seeking integrated enterprise and operational risk management to ensure a uniform and eﬀective risk culture.

Learn more Taking Risk Management to the Next Level at Exxaro Resources.

Read Exxaro Resources Integrated Report for 2012 > Watch the interview with Saret van Loggerenberg, Director of Risk and Compliance for Exxaro Resources.

Watch the video > Learn how the SAP® Risk Management application, combined with the SAP Process Control application, can help you monitor any aspect of your organization to mitigate risk.

Watch the product demo > Know your risks, respond better. Nearly two thirds of companies surveyed say they’re facing more complex risks than five years ago.

View the infographic >

SAP ACCESS CONTROL

Control who accesses your data Granting too much access, however, can be risky and result in compliance violations and fraud. With the SAP Access Control application, you can automate key processes to detect, remediate, and ultimately prevent access violations. By automating access governance activities and embedding compliance into daily processes, you can efficiently control access to your software systems, manage risk on an exception basis, and focus more on valueadding initiatives.

SAP Access Control will help you: 1

Reduce access risk – as well as levels of internal fraud and loss of revenue due to employee error

Cut costs of enterprise-wide access management

Enable efficient, cost-effective audits and ongoing compliance activities

Eﬃciently control access to your software systems, manage risk on an exception basis, and focus more on value-adding initiatives.

Learn more The SAP® Access Control Application Solution Brief.

Find out more > SAP Solution in Detail SAP Solutions for Governance, Risk, and Compliance SAP Access Control

Minimize Access Risk and Prevent Fraud – With SAP® Access Control

Giving the right access to the right users – in a timely manner – is essential to running your business smoothly.

SAP ACCESS CONTROL

Case study Natura When Brazil-based cosmetics and personal care products company Natura was faced with a high level of information security risk, it decided to strengthen its governance model for data and access control. By upgrading to the SAP Access Control application, the company achieved a remarkable 87% reduction in its level of information security risk. The solution also enabled more complete and compliant reporting, with the time taken to prepare reports for auditing falling by 60%. And by allowing inactive profiles to be excluded, Natura’s access control

became leaner – with a resulting 30% drop in transaction volume per profile. Add the lower maintenance costs involved as a result of 50% fewer support calls, and it’s clear to see how SAP software has helped Natura to run more productively as well as more securely.

Natura business transformation study. Find out more >

Learn more Reduce fraud and increase efficiency with automated access controls. Giving employees the right access to the right information is essential in helping ensure smooth operations and preventing fraud.

View the Infographic >

Who has access to your information? Find out more about the important part this solution can play in your business.

Watch the video >

SAP PROCESS CONTROL

Reduce risk with effective policies and controls The SAP Process Control application helps executives focus resources on high-impact processes, regulations, and risks – to drive effective controls and ongoing compliance. Continuous control monitoring and automated testing enable businesses to identify control deficiencies and control-related issues quickly, leading to faster resolution. Once you’re confident these controls are effective and accountability is assured, you can increase focus on optimizing business performance.

SAP Process Control can help your business to: 1

Improve efficiency and reliability of key business processes

Gain continuous insight into the status of compliance and controls for more timely decision making and intervention

Increase consistency and confidence in control information across the enterprise through centralization and standardization

Increase accountability through stronger user involvement and collaboration

Reduce regulatory compliance and audit costs through automated control testing, workﬂows, and standardized processes

Establish a culture of compliance through clear communication and acceptance of corporate policies

Learn more Solution in Detail: The SAP® Process Control Application

Find out more >

SAP PROCESS CONTROL

Case study Sharp Electronics Sharp Electronics Corporation is a manufacturing and service company producing state-of-theart solar system electronics. Formerly, the company had a decentralized control framework comprising 10 business units across North and South America – each with its own processes for identifying risks and controls to mitigate them.

business objectives, control owners can focus on resolving issues rather than merely identifying them – and the business as a whole can focus on delivering innovation rather than just managing processes.

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Having introduced the SAP Process Control application, the company’s controls are now centralized. This has enabled Sharp to streamline operations by reducing their number from 350 to 230. By automating these to tie in with

Learn more Experience the SAP® Process Control application in action. See how SAP Process Control can help you align compliance and control activities to key risks, regulations, and business processes.

Watch the product demo >

SAP FRAUD MANAGEMENT

Protect against fraud Detect fraud earlier with more effective protection.

SAP Fraud Management enables your business to:

The SAP Fraud Management analytic application safeguards against loss from fraud. It offers greater accuracy, reduces false positives, and lowers investigation costs.

Uncover suspicious transactions and relationships in large amounts of data to detect fraud earlier

Reduce false positives and increase investigation with powerful simulation features

In addition, the solution’s advanced analytics help you uncover changing trends and fraud patterns for better ongoing prevention.

Uncover changing trends and fraud patterns for better ongoing prevention.

Quickly adapt to evolving fraud patterns and enhance prevention with predictive analytics

Reduce the risk of fraud with advanced analytic functions and greater visibility

Learn more Discover the SAP® Fraud Management analytic application powered by the SAP HANA® platform – an application for detecting, investigating, and deterring fraud.

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SAP Fraud Management Solution Brief.

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SAP AUDIT MANAGEMENT

Transform audit, move beyond assurance Internal audit functions are challenged to reach for new heights and contribute to their organizations in more meaningful ways. In today’s context of market volatility, complexity, and regulatory change, this means evolving your focus and

maximizing your value – or potentially risk being marginalized, as other functions become more instrumental in your organization’s risk management efforts.

Learn more A day in the life of an internal auditor This short video shows how SAP Audit Management can help auditors streamline processes and add strategic insight.

Watch the video > Audit Management infographic Discover what internal auditors need to do to evolve from compliance officers to strategic business advisors.

View the infographic > Try SAP Audit Management free for 3 days This end-to-end audit management solution can help you plan and prepare audits, analyse relevant information, communicate results and monitor progress. Try it first-hand with a free 3-day evaluation.

Try it free >

SAP AUDIT MANAGEMENT

Prepare for the journey •

Streamline audits with monitoring and mobile capabilities

•

Gain insight into key business risks, with configurable management reporting

•

Organize and share working papers for improved collaboration

•

Benefit from a ﬂexible audit universe with resource planning and scheduling

Know your business risks, provide strategic advice, act with insight, and conﬁdently drive business value.

Learn more Deloitte CFO Insights This report illustrates how internal auditors can go beyond serving as the eyes and ears of the board and management to serve as an integral part of the team for identifying and combating risk.

Read the report > PwC 2014 State of IA Profession Study PwC’s annual survey results suggest that alignment of stakeholder expectations, and matching skills and capabilities to these expectations, helps internal audit enhance the value delivered to the organization.

Read the ﬁndings >

SAP SOLUTIONS FOR GOVERNANCE, RISK, AND COMPLIANCE

SAP solutions for governance, risk, and compliance By automating your access governance activities and embedding compliance into daily processes, SAP Access Control efficiently controls access to your software systems, manages risks on an exception basis, and focuses more on value-adding initiatives. With SAP Process Control, you can focus resources on high-impact processes, regulations, and risks. You can gain confidence and ensure accountability through continuous insight into the effectiveness of policies and controls. By streamlining risk response decisions and reducing unnecessary duplication, SAP Risk Management will help you optimize resources, seize value-adding opportunities, and protect existing business value.

Focus resources on high-impact processes, regulations, and risks.

SAP Fraud Management offers earlier detection and more effective protection against loss from fraud – with greater accuracy that reduces false positives and lowers investigation costs. SAP Audit Management powered by HANA streamlines the day to day assurance activities of the internal audit department, provides integration into other GRC solutions and elevates the role of internal audit to one of trusted advisor. Managing risks and compliance across each of these areas with a common technology platform allows you to: •

Employ a unified approach

•

Improve workﬂow and collaboration

•

Reduce redundant controls and responses

•

Use native integration

•

Provide users with an intuitive and familiar experience

Solution in Detail: Manage Enterprise Risk and Compliance.

Find out more > Improving internal controls and reducing access risk – Southern California Edison and American Water share their success at the SAPPHIRE® NOW conference.

Southern California Edison > American Water >

More information If you’d like to know more about SAP solutions for governance, risk, and compliance – and see how they can bring confidence to your business – please call your SAP representative or visit sap.com/grc.

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www.sap.com/contactsap Contact us Thank you for your interest in SAP. Let us know how we can help improve your business practices and processes with SAP solutions and services. Visit www.sap.com

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