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SAP is a Germany-based multinational software corporation that makes enterprise software to manage business operations and customer relations. It trades on the NYSE as SAP. Founded in 1972, SAP began with Enterprise Resource Planning (ERP) software but has since expanded into many other areas.
SAP's GRC offering is composed of a series of different modules: SAP Risk Management, SAP Process Control, SAP Audit Management, SAP Business Integrity Screening, SAP Access Control, SAP Cloud Identity Access Governance, SAP Enterprise Digital Rights Management, SAP Access Violation Management and more. SAP provides a platform to integrate the various modules. The goal is to be able to react quickly to changes in the economy, technology, and regulations with GRC features that automate and strengthen the business.
SAP has shifted from APIs as the focus to everything revolving around SAP HANA in-memory analytics. In-memory data access gives top of the line big data and predictive analytics capability that is tied to risk management. Those already using SAP and planning to stay on it would be wise to stick to SAP GRC.
SAP S/4HANA for compliance reporting helps corporate finance executives manage statutory reporting. It includes: efficient management of regulatory reporting obligations worldwide; unified user experience and transparency on global/local levels; and cloud deployment for fast adoption and timely integration of changed rules. This allows companies to manage, execute and analyze country-specific regulatory reporting processes worldwide, providing a unified user experience.
Markets and Use Cases
Large enterprise deployments.
Forrester classifies SAP as a Leader, its top rating signaling a strong product and strategy.
87% decrease in security risk level with a consolidated SAP governance model.
On-premises or cloud deployment