SAP Governance, Risk and Compliance solutions enable organisations to manage regulations and compliance and remove risk in managing organisations’ key operations.
Due to the changing market situation, organisations are growing and rapidly changing. As a result, inappropriate authorisations and activity are not acceptable for external auditors and regulators and this has implications on corporate risk management and fraud management.
SAP GRC prevents fraud and mitigates risk by adopting preventive controls.
FORFIRM takes care of your needs and challenges from the beginning offering you an independent and complete definition of the process before proceed in the execution. Our joint venture starts without obligation your side, and together we design the goals, identify risks, solutions and budget
We invest the 70% of our profit in R&D into delivering methodologies and experimenting with new paradigms. Our technology partners are accurately selected and tested in the FORFIRM environment or laboratory. Our observatory screens over 400 start-ups per year
We are Agile by definition and aware that the world is changing rapidly and consequently projects need to be readapted constantly. Our management methodologies are agile and risk-based, focusing on delivery instead of ritual and protocols.
Our talent performance can be compared to "Big Three standard: Boston Consulting Group, McKinsey and Bain. The transversal knowledge of our people permits them to drive Business and Technology challenges, without the support of external layer of consultancy
The success of an organisation is no longer measured simply in short-term profitability. Stakeholders now want to know that businesses in which they are involved are making responsible decisions, are healthy in every aspect, and that they are resilient and compliant.
Today, stakeholders want to see evidence, on demand and in real time, that an organisation which they are backing is managing their financial, social, and environmental activities efficiently, profitably, and responsibly.
They want to see clear corporate accountability in governance, risk, and compliance.
Risk management measures that are taken to meet this demand can often be frustrating for senior managers who feel distracted from doing their day-to-day work. Often the plans and their execution are ineffective and unstructured.
Any risk management measures must focus on the specific value drivers unique to the business and these can be difficult for you to identify.
Managers must look beyond financial line items to the activities and processes that are integral to the organisation’s business model. For example, for an airline the customer experience may be a crucial value driver. For a utility company, reliability is key. For oil and gas, it’s proved reserves or refinery capacity.
The SAP® Risk Management application can help you to integrate and coordinate risk management activities, gain a deeper understanding of risk, and plan timely, reliable responses. You’ll have reliable, accurate information so that you can make better decisions about risks and opportunities and ultimately improve and sustain your profitability. You’ll be able to see and assess current and future risks, link them to business value drivers, and preserve and build on that value.
From now on your organisation can easily integrate and coordinate risk management activities, from corporate and executive levels to audit committees and operating managers. You’ll gain new and reliable insights into how value is created, and destroyed, by understanding and linking risk drivers, key risk indicators, and related impacts. The instant access to information from key risk indicators and integration with SAP S/4 HANA® means you can act quickly and decisively on emerging risks and opportunities.
What drives the value of the business?
This where risk management starts
How is that value created or eroded?
Risk management will provide insights here
What are the emerging risks and opportunities?
Risk management must look at the horizon as well as the past
SAP Risk Management gives you a framework for risk management throughout your enterprise. You can use it to identify specific events and circumstances that pose risks and opportunities, assess their likelihood and potential impact, develop counter-strategies, and monitor the progress of your initiatives.
As you encourage continuous improvement and risk accountability you’ll also ensure your risk management disciplines are applied to appropriate decision-making processes throughout the business. It also assists
collaboration and coordination among your various departments, branches, and offices.
Now you can focus your risk management efforts on the activities and processes that are most important to your business. You can track the progress of an initiative and measure its maturity and gain a deeper understanding of what drives risk levels, how risks affect value, and how your organisation should respond to risks. It also lets you make predictions about the potential impact of unplanned events and to see them more clearly and faster than before.
SAP Risk Management lets you focus your risk management efforts on the fundamental processes and activities that are most important to your business by aligning value drivers, critical activities, and high-impact risks. It also fees you up to concentrate on your core business activities.
You can prioritise risks according to their impact on your defined drivers and build risk catalogues for all risk categories, related drivers, key risk indicators (KRIs), and industry-specific content.
You can create reliable insights into value creation and losses, see what factors drive risk levels,
judge how risks impact business value, and consider how you are responding to them. Residual risk reflects the effectiveness of controls and policies implemented. Visualisation shows risk event causes and effects and gives a horizontal view of the anatomy of risk: where it is coming from, what is driving it, and where it is going in a 360-degree risk management and comprehensive risk insight.
Reporting and analytics provide visibility into risk events and current risk profiles. KRI alerts prompt management action and deliver risk information to right people at the right time.
SAP Risk Management helps you to protect and build business value. It will also help you to increase the gains you make by identifying and capitalising on promising opportunities and enable compliance with effective risk oversight and disclosure.
You can use the application to make your organisation better prepared for emerging risks and opportunities and to minimise the potential impact of catastrophic losses. It will also help you
to recover more quickly from unplanned events and be ready to overtake the competition by exploiting emerging opportunities more quickly.
With all the information SAP Risk Management provides, you can implement proactive, collaborative processes to balance opportunities with financial, legal, and operational risks at all levels of the enterprise. It can also identify and so help you to exploit opportunities in international trade preference agreements.
Monitor and Report
Greater insight, efficiency, and flexibility
SAP Risk Management is part of SAP solutions for governance, risk, and compliance (SAP solutions for GRC). These solutions provide a preventive, real-time approach to these issues, providing complete insight into risk and compliance initiatives, enabling resources to be used more effectively, and helping a faster response to changing business conditions.
A common approach to risk and compliance provides deeper insights. By continuously monitoring your initiatives, you can better understand business conditions and manage risks to improve decisions.
It supports the documentation and implementation of automated controls for any framework, reducing cost and allowing effective use of resources by automating risk and compliance activities.
Working together, SAP solutions for GRC give you a continuous approach throughout your organisation. Performance indicators across fragmented control environments are aggregated to deliver a common, system-wide view and unify management of strategic, financial, operational, and compliance-related risks.