GRC customers, consultants, and even some employees think SAP GRC is the former Versa product, now named SAP BusinessObjects Access Control product. Its not.
SAP has multiple solutions that enable our customers to optimize their governance, risk management, and compliance products. See here for more.
Another error is to think that GRC is a term popularized by vendors and consultants (I hear this a lot) and is about their solutions for risk management and compliance. GRC is much broader, encompassing (as discussed in the above post) the various organizations, processes, and systems involved in governance, risk management, and compliance that need to work together to optimize achievement of organizational goals and strategies – realizing value for stakeholders.
This is explained, with a diagram that shows it all, in this new post.
SAP’s customers are blessed in many ways. One is that SAP is focused on optimizing all business processes, including those for GRC, individually and taken as a whole. Our solutions for GRC work off the same technology as the ERP, and are optimized for the SAP ERP environment – although they also work effectively with other infrastructures.
GRC is about how you run the business. SAP is all about running the business better.