SAP advises importance of new clarity for business risk avoidance

SAP says its Business Objects Risk Management and Business Objects Process Control applications enable users to get automated, unified risk management and compliance strategies. Narina Sippy, senior vice president and general manager of its GRC division, explains that the holistic views now enabled provide the clarity required to comply with regulations and manage business risks. She also says they will help customers take a preventative approach to risk and better protect themselves against future vulnerabilities caused by rapidly changing conditions. "Today we're taking a significant step forward, giving customers the clarity required to successfully navigate risk more effectively in the current financial climate, help position them for future growth," says Sippy. "The enhancements allow customers to clearly see where they are most vulnerable to risk and where they need to bolster controls to mitigate that risk. With the continuous monitoring and transparency SAP provides, companies can respond quickly to new business threats and help comply more efficiently with new regulations." She explains that the new releases also embed SAP Business Objects BI solutions, enabling simplified reporting, dashboarding and analytics. For risk and compliance programs to succeed, she insists, business users across the company must have access to risk information. "Integrating SAP Business Objects BI solutions provides a powerful way to share this data via reports and interactive dashboards." For example, Sippy says business users can easily create, customise and distribute a report from Crystal Reports software or a dashboard from Xcelsius software to highlight a potential problem. Harnessing technologies like Xcelsius to build 'heat maps' offers companies a visually powerful way to demonstrate trouble spots, such as supply chain disruptions and its potential financial impact, she says.