Governance, Risk and Compliance (GRC) business unit. In this role, she is responsible for product strategy and marketing for SAP’s GRC products. Holly. 4 Feb SAP GRC For Dummies untangles the webof regulations that but you can make themost of it with a little help from SAP GRC For Dummies. SAP GRC for Dummies. SAP needed to tap into a bigger audience. So they turned to the For Dummies brand to publish a book about Governance, Risk and .

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Discovery of fraud or other bad behavior is of course the most dramatic reason.

The increased revenue substantially offsets the cost of the additional compliance requirements, given that these requirements can be met efficiently because of the SAP GRC implementation that is already in place. Governance, Risk, and Compliance Demystified Where should we produce?

From this sap grc for dummies of view, GRC should be something for which every line of business is responsible. And in doing so, their sap grc for dummies approach is often very informal. This new approach to risk management enables you to embed a strategic risk methodology across your enterprise, at all levels, from operational management, to line of business owners, risk managers, and senior executives and directors.

In a modern computer system like SAP ERP, for example, there can be more than 20, transactions and more thandata elements. Automated controls can also generate sap grc for dummies and cases that can be assigned to the appropriate manager for remediation.

Controls are determined by the direction provided by corporate governance and risk management and then are applied to the most important processes of the enterprise. Executives gain transparency across all enterprise risks that can help them be proactive, because sap grc for dummies can view the most up-to-date risk data in dashboards, reports and alerts.

SAP GRC for Dummies (ISBN – 0470333170)

R Is for Risk: Write a customer review. Choosing to see GRC as an opportunity can mean significant savings trc auditing costs, creating new sources of information for sap grc for dummies processes, finding risks earlier, and most of all, avoiding those nasty surprises that spark a punishing reaction in the stock market.


Roland No preview available – Identification of risks also leads to discovery of opportunities. Hitting sap grc for dummies Audit Trail Increased attention to GRC has been a boon for auditing firms as companies have hired them to help make sure they are complying with Sarbanes-Oxley and other regulations. If you fit one of these assumptions, this book sap grc for dummies for you: The operational executives then carry out programs and put in place controls that ensure compliance, frequently with the fod of consultants or auditors who are expert in applying GRC.

Amazon Drive Cloud storage from Amazon. Selected pages Title Page.

: SAP GRC For Dummies (): Denise Vu Broady, Holly A. Roland: Books

Katie Feltman Layout and Graphics: If you are a seller for this product, would you like to suggest updates through seller support? Human resources supports the organization with detailed information about health insurance and the like. The general manager assembles the sap grc for dummies team to quickly convene and sap grc for dummies dummiea Chinese plant from a risk standpoint.

By complying with laws, you avoid fines and ensure that your business processes and policies are effectively implemented. A manual control that tests every transaction would find such a problem, but the more common approach — sampling transactions — is unlikely to find needles in asp. They put the C in GRC, if you will.

Growing imperative to achieve process-oriented improvements and automation Year One Figure Combined Code of Corporate Governance: Making Your Products Environmentally Friendly. What will be the consequence?

For example, in a manufacturing plant, what if spare parts inventory for a key piece sap grc for dummies equipment drops to dangerously low levels?

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Recovery took a long time — more than a year for half of those affected. Implement the process and access controls needed to address the risks identified.


After finishing this evaluation, the team settles on the Romanian plant and creates a draft of the operational plan. Turning Risks into Opportunities export declarations are being rejected due to improper product classifications for customs. In order for that to happen, you have to notice the problem and do something about it.

Upon further examination, Deloitte found that the loss of stock value was not the result of a single sap grc for dummies rather, 80 percent of the losses occurred when two or more risks in different areas of the company turned into loss events at the same time. And because risk management takes into account what could go wrong, your risk-adjusted strategy sap grc for dummies a much greater chance of being executed effectively.

A revised Clause 49 was released on October 9, By having a common set of risk content embedded in the technology solution, lines of business managers can now manage risk by using a common system to classify risk. Problems discovered by controls can sap grc for dummies to the redesign of processes to better meet both business and compliance goals. An effective risk management program helps you foresee problems and prevent or mitigate them.

Complying with financial regulations New laws in the United States and in many other countries mean that if serious errors in financial reports are found, those responsible will face criminal prosecution. Governance, Risk, and Compliance Demystified Table continued Line of business managers Line of business managers need tools to be able to drive their performance and respond to their top risks to help them achieve their sap grc for dummies.