by Michael Lortz, GRC Solution Marketing, SAP
Today, Sybase, an SAP company, received one of four 2012 GRC Achievement Awards from OCEG presented at the annual Compliance Week conference in Washington, DC. Separately, Sybase also won the first annual OCEG Principled Performance Award, representing the “first prize” among the four winners. John Chen, Sybase chairman and CEO, was on hand at the event to accept the award.
This award signifies the great success and significance of Sybase’s risk and compliance programs. Underway since 2006, the programs and projects include identification and management of key risks that could prevent senior executives and the company from meeting their key objectives. John Chen, who eagerly serves as the executive sponsor for Sybase’s GRC programs, wanted a GRC framework that was integrated across departments and risk management, business-focused, and driven by management. John’s sponsorship and involvement impressed the judges and serves as a great example and best practice to other companies.
SAP Risk Management, SAP Process Control, and the audit management capabilities in SAP NetWeaver serve as the technical foundation for Sybase’s success. The successful implementation of these SAP solutions eliminated, among other things:
- Multiple and disparate manual Excel-based tools that didn’t easily accommodate changing risks
- A general lack of real-time reporting ability
- An inability to continuously monitor ERP system data for control effectiveness and key risk indicators
So, how do you get started with your own risk and compliance program?
- Follow Sybase’s lead and get your senior leadership team engaged – risk is a topic for the board room and water cooler
- Consider the role that technology should play – SAP solutions for GRC are helping leading companies, like Sybase, to run better.
- Learn more about Sybase’s risk and compliance programs.
Congratulations to the entire Sybase risk and compliance team!
Interview with John Chen, chairman and CEO of Sybase, an SAP company
A Great GRC Success Story Blog Post by Bruce Carpenter