2014 – What a Year for GRC at SAP
Is it 2015 already!?! Wow, how time flies. The SAP governance, risk, and compliance (GRC) team is already off to a fast start for 2015. Given this, I thought I’d use this week’s GRC Tuesday blog to reflect on 2014 as well as look forward into 2015.
2014 New Products
2014 was both a busy and successful year for those of us who watch over GRC here at SAP. I hope the same was true for you and your organization. One measure that I use to rate how busy we’ve been is the number of new products we’ve launched. In 2014, we made five entirely new products available to you, our customers, for use when dealing with a number of specific risk and compliance challenges. I invite you to learn more about each of these solutions:
- SAP Audit Management
- SAP Global Trade Services for Processing Trade in China
- SAP Regulation Management by Greenlight
- SAP Access Violation Management by Greenlight
- SAP Fraud Management for Banking
2014 Awards and Recognitions
I can also measure our success by looking at the awards and other recognition that our solutions have garnered. In the last year, our GRC solutions have been rated and recognized as world-class more than a few times. One example is that Ventana honored us with their Overall Business Technology Innovation Award for our SAP Audit Management and SAP Fraud Management solutions. This award and others like it help you to understand the capabilities we’ve included, as well as just how successful our customers have been through their use.
2014 Customer Successes
But I’m even more proud of the accomplishments that our customers made using our solutions and technologies as a cornerstone of their GRC programs. Our customers’ success is the greatest measure of our own. GRC 20/20 recognized Exxaro, its implementation partner CQS, and SAP with a 2014 GRC Value Award in the domain of Internal Control Management. Exxaro is one of South Africa’s largest mining and materials companies. This award recognizes the efficiency, effectiveness, and agility of Exxaro’s controls program. Read this case study for more information. Way to go Saret and team!
2014 Internal SAP Implementation
A second 2014 GRC Value Award was given by GRC 20/20 to SAP for its implementation of an integrated GRC architecture and use of technology to support and enable a global risk assessed internal control monitoring and assurance program. Yes, of course, we use our own products, but this is not the typical “drink your own champagne” use of one’s own software products. SAP’s own risk, compliance, controls, and policy teams are world-class. These teams impressively support all of SAP’s GRC requirements and this award is proof. In fact, some that know our GRC programs well have indicated that this is the most comprehensive, successful, and global implementation of GRC in the world. Congrats to the SAP’s own GRC team!
And now some predictions for 2015…
Uh oh! They tell me that I’ve run out of time and space here. Tune in next time for my thoughts on the GRC market in 2015 and how SAP will help your organization meet its risk and compliance requirements.