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Many risk managers complain about a lack of enterprise insight and alignment of risk management to the strategic objectives of their organization. With a rather manual and inconsistent approach based on emails and spreadsheets, they often fail to oversee the impact of risks to the strategic goals and whether appropriate risk responses were implemented to…...…

Ensure that your enterprise’s risk management procedures comply with the Dodd-Frank Act’s requirements pertaining to the management of systemic risks by using SAP BusinessObjects Risk Management 10.0. It supports the five phases of risk management. Key Concept The Dodd-Frank Act was signed into law in July 2010 in response to the 2007 US financial crisis…....…

FinancialsAn SAP executive answers a few questions about internal auditing and risk assessment in today’s enterprise business environment. Key Concept Emerging risks, according to Institute of Internal Auditors President Richard Chambers, are “newly developing risks that cannot yet be fully assessed but that could, in the near future, affect the viability of our organizations’ strategies…...…

A risk is basically any event that can prevent executive management from meeting the defined business goals of an organization. Learn how to perform risk analysis using a simplified score-based concept that involves numeric-centric evaluation. Key Concept Risk management is the identification, analysis, and prioritization of risks followed by the optimal use of resources to…...…

In most organizations, strategic management and risk management are completely separate processes. As a result, it’s often difficult to track strategic goals over time while assessing the risks that might affect strategic initiatives. With an integrated approach to strategy and risk management, you can ensure that business owners are focusing on the right initiatives both…...…

Learn about the second phase in the enterprise risk management (ERM) process, risk identification. The knowledge about your business risks is spread across your organization and lines of business. A collaborative approach is required to identify and document all risks threatening your enterprise involving many different stakeholders. Discover how SAP BusinessObjects Risk Management 3.0 provides…...…

Kehinde Eseyin shows how to configure, create, and process ad hoc risk escalations using SAP Risk Management 10.1. Key Concept Risk threshold is a reflection of the amount of risk an organization is ready to tolerate. Because risk threshold can be defined at the organizational unit level based on specific metrics, such as size, revenue,…...…

Mitigation controls in SAP GRC 10.0 enable you to respond proactively to operational risks. See how several SAP GRC 10.0 integration scenarios can be used in response to the operational risk of fraud and money loss in the procure-to-pay (P2P) process. Key Concept SAP GRC 10.0 helps your risk management department put in place on-time…...…

A risk monitoring framework delivers actionable alerts and reports that support decision makers in managing risk responses. It includes automated key risk indicators (KRIs) that trigger early warnings, meaningful reports of the current risk status, and records of risk incidents and losses as lessons learned. Learn how to set up KRIs in SAP BusinessObjects Risk…...…

Become acquainted with the third of the five-phase enterprise risk management (ERM) process: risk analysis. Step through the configuration to customize the risk analysis to your business needs. Learn how a risk analysis is initiated either directly by a responsible risk owner as a scheduled workflow task or by a key risk indicator (KRI) showing…...…