Welcome!

Artificial Intelligence Authors: Yeshim Deniz, Pat Romanski, Elizabeth White, Liz McMillan, Zakia Bouachraoui

Related Topics: Containers Expo Blog, Microservices Expo, Artificial Intelligence, @CloudExpo

Containers Expo Blog: Press Release

Cloud Computing: SAP Launches Next-Generation of GRC Software

SAP BusinessObjects GRC Technology Foundation Helping Organizations Ensure Safe, Compliant and Productive Operations

"As organizations grow, they must manage different types of risks and controls to be successful," said Paul Proctor, vice president and distinguished analyst, Gartner. "They also have to overcome the challenges of increasing audit and regulatory requirements in distributed environments. GRC management software can help companies succeed by automating traditionally manual processes to identify and manage risk so the organization can pursue new opportunities."

SAP on Wednesday announced the availability of its newest release of governance, risk and compliance (GRC) software, providing a single, unified environment for the most comprehensive support for management, monitoring and analysis of enterprise risk and compliance activities. Nearly three years in the making, the new release integrates GRC capabilities into everyday business processes, helping make risk management, regulatory compliance and safe, productive operations a standard and a consistent practice.

The new release introduces a common look and feel across all applications in the GRC suite; embedded business intelligence (BI) reports and dashboards; and a graphical tool to define and depict risks. The new features make the products easier to use and enable people to garner attention to risks from business managers who have limited GRC expertise. By integrating GRC activities into core business processes and applications, executives can manage their businesses proactively and strategically rather than reactively.

The new release of GRC solutions from the SAP BusinessObjects portfolio is the next step in SAP's business analytics road map to deliver customer-friendly business software that combines best-in-class analytics with proven SAP business applications. The new release unifies all GRC activities on a standard platform and connects easily to other pieces of the business analytics portfolio for far greater transparency, control and support for corporate strategy

The software offers policy management and audit capabilities, granular security controls, enterprise support and the ability to transport and archive data. It thus helps executives overcome the common challenges that result from fragmented and disconnected GRC solutions: poor visibility into risk exposure; processes that are reactive, inefficient, costly or manual; large time and personnel requirements to effectively manage risk and compliance; and lack of alignment from not having risk and compliance processes embedded within the business.

The SAP BusinessObjects Access Control, SAP BusinessObjects Risk Management and SAP BusinessObjects Process Control applications share processes and data, as well as a common, easy-to-use interface, and specifications for different industries and lines of business. This unified approach helps companies gain complete management of all risks and controls from a single environment. Customers also gain the following benefits:

Optimized strategic performance through real-time analysis of risk across all lines of corporate strategy. With tools to manage risk and compliance effectively, businesses can operate with far greater risk awareness in order to help improve performance.

Maximized visibility across all risk, compliance, policy and audit initiatives. By automatically monitoring risk and compliance effectiveness, business managers can identify, respond to and proactively prevent potential risks and compliance violations before they occur. Automatic identification and prioritization of risks combined with proactive alerting and escalations allow managers to take immediate action on the most critical risks and compliance violations.

Increased operational efficiencies to raise the value and help lower the cost of GRC programs. By automating critical risk management, compliance and monitoring activities, organizations can minimize the associated cost and effort required. Additionally, a standardized technology platform drives lower configuration and management costs and allows companies to take advantage of their employees' existing SAP skills.

"Bow-tie" builder for defining and configuring risk and risk metrics. Through an easy-to-use interface, people can work collaboratively with a common language to create methodologies for managing and remediating risks. This helps promote a better understanding of the contexts in which risks are to be assessed, and can help make compliance and risk management more strategic initiatives for the overall organization.

Policy life-cycle management capabilities automate and simplify policy definition and scoping, review and approval, and overall management processes. This enables companies to implement and support collaborative, transparent policy life-cycle management activities.

Openness for partner-built content, enabling tailored risk and compliance solutions that meet the specific needs of high-risk and highly regulated industries such as financial services, oil and gas, utilities, aerospace and defense, and life sciences. While advancing each core GRC area, SAP has also worked in parallel to create a platform that allows customers to benefit from the domain and content expertise of the vibrant SAP partner ecosystem.

SAP's GRC Strategy, Solutions Well Received by Customers and Partners Worldwide

"With users located across the globe and multiple SAP systems, managing user access risk effectively is an audit concern for most companies, and Levi Strauss & Co. is no exception," said Tammy Amirault, vice president, Information Technology, Levi Strauss & Co. "In our effort to improve Levi's overall compliance strategy and user provisioning model, the centralized capabilities that the new release of SAP BusinessObjects Access Control delivers are very timely and fit extremely well with the SAP global approach at Levi."

 "The opportunity to experience at this year's SAP GRC conference the capabilities of the new identity management and SAP BusinessObjects Access Control 10.0 confirmed my belief that GRC will continue to serve Westinghouse as a strategic solution for regulatory compliance and effective identity management," said Matt Tolbert, global manager, Information Security, Westinghouse Electric Company.

Tapping into the substantial catalog of complementary solutions from the SAP partner ecosystem, the SAP BusinessObjects GRC technology foundation incorporates best-practice processes and content for industry- and line of business-specific risk and compliance management. This enables customers to quickly get up to speed with managing the particular risk and regulatory requirements for their businesses and industries. They also can efficiently support new industry requirements as they arise, identifying and aligning specific risks with the necessary supporting policies and procedures.

"Whenever a new risk or compliance issue hits the news, the question on the mind of every executive is, ‘Can this happen to us?' and SAP BusinessObjects GRC solutions provide the most comprehensive platform for compliance and risk professionals to answer these types of tough questions," said Jim Dunham, group vice president, GRC Solutions, SAP. "The best-run companies focus on GRC as an enabler of better business performance that can help them protect value and optimize organizational performance."

More Stories By Liz McMillan

News Desk compiles and publishes breaking news stories, press releases and latest news articles as they happen.

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


IoT & Smart Cities Stories
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...