Selecting the right GRC solution for your organization
SAP’s solutions for customers’ governance, risk, and compliance (GRC) processes are getting increased levels of traction. In a blog post at http://normanmarks.wordpress.com/, I review a recent article that provides advice on selecting the right solution for your GRC needs – and offer my own thoughts and advice.
The principle point in the post is that each customer should understand their own specific needs and look for related solutions. There are too many different definitions of “GRC” for that to be a useful description of the functionality that should be addressed.
There are several advantages with going with SAP’s solutions, beyond the standard functionality and cost discussions:
- They are from SAP, a solid vendor rather than a niche provider of solutions that may not survive as the market consolidates
- They are from SAP, using the same technology. You don’t have to bring another technology in-house, with all the support implications
- They are from SAP and are integrated with your SAP applications for transaction management (ERP) and performance management (EPM)
- They are from SAP and part of the company’s vision and road map for enabling customers with best of breed application software