Simplifying Compliance with SAP GRC  (Governance, Risk and Compliance)

With the increasing complexity of the regulatory space, companies need to make sure they effectively handle governance, risk, and compliance challenges. This is especially important for companies that operate in multiple countries or regions as they need to keep track of the changing governmental requirements. This creates the need for a strong governance, risk, and compliance (GRC) strategy and a solution that supports that strategy. In addition, more than half of respondents (58 percent) to recent SAPinsider research said that technology upgrades and migrations, such as the move to SAP S/4HANA and the cloud, were also major factors infuencing GRC strategy.

SAP GRC helps companies manage business governance, risks, and ensure compliance. It also streamlines global trade through flexible compliance procedures. SAP GRC has advanced predictive capabilities for improved risk management and helps track cyber threats in addition to identity and access governance. With SAP GRC, companies can increase agility and maximize the potential of trade strategies through centralized management of regulatory requirements, geopolitical risks, and changing market opportunities.

Ensuring that access to sensitive information is granted based on roles and responsibilities, SAP Access Control plays a crucial role in preventing unauthorized data access. This is essential for avoiding data breaches and for keeping the organization compliant with privacy regulations. SAP GRC’s automation of access control processes not only improves security but also guarantees continuous compliance. It also enables real-time monitoring and regular reviews of access permissions.

SAP Process Control enables organizations to automate the monitoring of their business processes, ensuring alignment with internal policies and external regulatory requirements. SAP Process Control provides tools to identify deviations in data management and operational workflows. Integrating process control with access control allows organizations to establish a comprehensive compliance strategy. This ensures that users have appropriate access levels and that every aspect of a business process complies with standards. Companies can meet regulatory requirements, automate, and enforce compliance, and maintain internal standards through SAP access control and process control.

An SAP GRC implementation can be completed quickly when working with an experienced SAP implementation partner. Delta Systems and Software Inc operates as an independent partner for SAP implementation, offering assistance throughout every phase of the implementation process. Through Delta’s customized implementation plan and support, companies can adopt SAP GRC efficiently and ensure compliance, regulations and manage risks.