Compliance with the ever changing environment of external regulations and internal
policies is a problem for companies. The C in SAP GRC which stands for Compliance
is an automated system of Compliance. The other two letters in GRC stand for Governance
& Risk. Taken together SAP GRC helps a company run efficiently by automatically
making you observe all the regulations and policies, put stipulated controls, understand
risk and choose opportunities to avoid those risks. All these by gathering information
from various sources.
Moreover, threats to IT security have been increasing day by day. There are attacks
on systems resulting in the theft of customer sensitive information or denial of
services. SAP security can help to mitigate these risks with solutions that adhere
to security standards rigorously. Companies are able to manage risks and leverage
the best practices followed in the industry with the help of a state of the art
infrastructure with the help of SAP security.
So SAP security & GRC taken together helps a company streamline its operations,
reduce risks and adhere to all kinds of industrial regulations, government rules
and internal policies while at the same time reduces risks, spawns a web of security
around the whole enterprise operation along with safeguarding the entire sources
of information and manages risks by creating automated alerts when operations start
to veer off the track. It even helps to take measures that can prevent a financial
fraud by ensuring the accuracy of financial reports and that there is no leakage
of money in the entire system.