When implemented within a unified GRC solution, effective risk management can improve decision making and create significant value throughout the enterprise. But too often, actual risk management practices are manual and reactive, and risk-relevant information is locked in silos. As a result, organizations are ill-equipped to recognize critical risks, analyze risk-reward tradeoffs, and respond well based on quantitative cost/benefit analyses.

Balance Business Opportunities with Risk Exposure to Minimize Penalties

With SAP GRC Risk Management application, you can implement proactive, collaborative processes throughout your enterprise – enabling you to balance new business opportunities with financial, legal, and operational risks.

The application provides a best-practice framework for enterprise risk identification, collaborative risk analysis, risk-response management, and continuous risk monitoring and reporting. So you can effectively anticipate and respond to changing business conditions.

SAP GRC Risk Management enables you to:

• Protect existing value – Streamline and automate cross-enterprise risk identification, analysis, mitigation, and notification for proactive monitoring of key risk indicators.
• Create new value – Address corporate risk strategically by balancing risk avoidance costs against new business opportunities. Organize and share best-practice risk responses across the extended enterprise. Rely on risk self-assessments to capture, track, and address risk and loss events that would otherwise not be captured.
• Increase enterprise transparency – Determine cross-enterprise, aggregated, and actionable risk analytics regardless of the source system. Develop and manage customizable risk scorecards and watchlists. Automatically identify risks to business performance based on business metrics, policies, and thresholds.