GRC Journal - (Page 80) Finding the Right Controls for Success: SAP Solutions for GRC Governance, risk & Compliance SAP Corporate Performance Management After appropriate controls are in place, an organization can use SAP solutions for corporate performance management and the GRC Repository to track and report performance toward the highest level of corporate goals. SAP Corporate Performance Management supports the entire performance management lifecycle, from developing the strategic direction to reporting operational results. With SAP, companies can develop tailored analytics and report in real-time based on cross-enterprise transactional data by company, department or role. Integrated, real-time reporting ensures that companies can track success and make course corrections as necessary. Balanced scorecards or dashboards improve transparency by delivering KPIs that measure performance against any number of corporate strategies. The result is better-run businesses and success along multiple strategic objectives. Conclusion Ultimately, whether or not a company will achieve its corporate goals comes down to how well it helps employees align priorities with the company strategy. The best operational controls are the ones that fit the strategic direction and culture of the company, are supported by well-designed policies, and are embedded into business processes and information systems. With a combination of SAP solutions for GRC and SAP Corporate Performance Management, organizations will have the process controls and performance management tools in place to support any strategic direction. SAP solutions for GRC support embedded financial and operational controls by promoting transparency among strategy execution, metrics measurement and performance. A large number of companies in a variety of industries – including some of the world’s best-known brands – are already reaping the benefits of an integrated, comprehensive GRC solution. To find out more, visit www.sap.com/grc. holly roland sap HOLLY ROLAND is the VP of Marketing for SAP’s GRC business unit. In this role, she manages the marketing campaigns for SAP’s GRC products as well as contributes to leading the development of the GRC roadmap and strategy. Holly’s responsibilities also include managing industry events and creating collateral materials for the sales force. In addition, she leads the executive advisory board composed of customers, partners and SAP executives, and facilitates collaboration in the development of GRC solutions to solve industry challenges. SAP Solutions for GRC: More Than Just Sarbanes-Oxley Compliance Many organizations associate GRC primarily with Sarbanes-Oxley (SOX) controls. However, in addition to using automated controls for testing and managing financial reporting, companies can also use controls to ensure the operational effectiveness and efficiency of business processes or transactions – and achieve better bottom-line results. Using SAP solutions for GRC, companies can leverage the work they have done for SOX compliance to ensure key operational controls are in place and working properly. By documenting and assessing the usefulness and strength of operational controls, companies can ensure business processes and transactions are aligned with and supporting the overall corporate strategy – helping to build a competitive advantage. 2 Business Trends Quarterly Technology Solutions. Business Strategy. http://www.sap.com/grc
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