GRC Strategy in 2022 for EMEA

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Key Takeaways

⇨ The impact of an organization’s GRC strategy and investment

⇨ The actions an organization takes to support its current GRC strategy

⇨ The GRC technologies a company can use

GRC Strategy in 2022 for EMEA

Governance, risk, and compliance (GRC) professionals are seeing their responsibilities expand, particularly in the areas of cybersecurity. This is true in North America and it follows the same in Europe, the Middle East, and Africa (EMEA). Despite security threads and rapid compliances being similar top drivers in both regions, EMEA GRC strategy does have key differences from North America.

SAPinsider surveyed 124 members in the GRC space worldwide during April and May 2022 about their top GRC drivers, actions, and technologies for this year. The findings were published in the Governance, Risk, and Compliance: State of the Market 2022 benchmark report.

This market insight will focus on the data from EMEA respondents, 29% of which indicated having smaller GRC-related budgets in 2022, much higher than 12% of North American respondents. Staff sizes are also more likely to be trimmed at EMEA respondents’ organizations in 2022. To find out how this impacts EMA GRC strategy and what’s driving the actions and technology companies deploy, we asked the following questions, among others:

  • What most impacts your organization’s GRC strategy and investment?
  • What is most important to your GRC strategy?
  • Which GRC technologies is your company using or plans to use?
  • What SAP-related skillsets are most important for you in 2022?
  • What are your biggest challenges this year?

We’ll explore how EMEA respondents differed from North American respondents when it came to these important questions around GRC strategy and look at key differences including:

  • The role that globalization plays in EMEA GRC strategy.
  • How EMEA GRC strategy are impacted by budgets and staffing.
  • Why smaller application stacks are influential. For example, EMEA organizations have few applications tied to GRC on average:

EMEA GRC Strategy

Source: SAPinsider, May 2022

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