SAP Offers Effective Risk Management And Compliance Solutions To Drive Increased Value And Insights On India Companies Act 2013
To complement the Companies Act 2013, one can configure the SAP solutions which will proactively balance risk and opportunity through a real-time approach to GRC.
It enables the organizations to achieve defined goals, assist in decision making and ensure that entities are transparently governed and enable better management of risk and compliance by automating key risk-management, compliance and monitoring activities.
SAP Governance Risk and Compliance solutions are designed to provide organizations with transformational opportunity by facilitating: -
• Enterprise Approach
• Integrated GRC thus eliminating redundancies in the Risk Management and Assurance functions
• Program based approach rather than a check in the box activity
• Embedded within mainstream processes and supporting decision-making and ownership at all
Levels.
“Managing risk is no longer an afterthought for organizations. With highly regulated markets and complex compliance requirements, stakeholders, today, are demanding greater transparency and more effective management practices,” said Maneesh Sharma, Head-Business Development, SAP India.
“With the SAP GRC solutions, we are enabling an Integrated Approach to Risk Management, Controls and Compliance to complement the Companies Act 2013,” he added.
SAP solutions for GRC continue to benefit from SAP HANA platform which enables GRC professionals to monitor high data volumes from various sources and ensure real time decision making.
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