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SAP offers effective risk management and compliance solutions

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Soma Tah
New Update

WALLDORF, GERMANY: To complement a unified and integrated approach towards a sustainable strategy around the Companies Act 2013, SAP SE offers a range of Governance Risk and Compliance (GRC) solutions that bridges the gap between historically slow technology adoption and the need for innovation within the internal audit function. The GRC software provides greater transparency and effective management practices to assist in highly regulated markets and complex compliance requirements in India.

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The corporate landscape for GRC is rapidly changing with the recently announced Companies Act 2013. Sound governance is the fundamental prerequisite and foundation in the journey of laying down a GRC framework.

To complement the Companies Act 2013, one can configure the SAP solutions which will proactively balance risk and opportunity through a real-time approach to GRC. SAP Governance Risk and Compliance solutions are designed to provide organizations with transformational opportunity by facilitating: -

· Enterprise Approach

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· Integrated GRC thus eliminating redundancies in the Risk Management and Assurance functions

· Program based approach rather than a check in the box activity

· Embedded within mainstream processes and supporting decision-making and ownership at all levels

"Managing risk is no longer an afterthought for organisations. With highly regulated markets and complex compliance requirements, stakeholders, today, are demanding greater transparency and more effective management practices," said Maneesh Sharma, head-Business Development, SAP India. "With the SAP GRC solutions, we are enabling an Integrated Approach to Risk Management, Controls and Compliance to complement the Companies Act 2013."

SAP solutions for GRC continue to benefit from SAP HANA platform which enables GRC professionals to monitor high data volumes from various sources and ensure real time decision making.