Transcript

SAP GRC's Role in Removing Spreadsheet Costs in Compliance and Risk Management

A SOLUTION BLUE HILL HIGHLIGHT Plugging the Cost Leaks, Spreadsheets Create in Compliance and Risk Management SAP SHARE THIS REPORT 8 fy in Due to their versatility and ubiquity, Spreadsheets tend to become the default solutions for a variety of compliance and risk management activities. "FREE Hidden Cost However, despite their familiarity and ease of deployment, spreadsheets often tie organizations to Manual Limited Processes Collaboration Blue Hill Research interviews with seven compliance and risk executives identify the costs leaks that spreadsheets create as well as how governance, risk and compliance (GRC) solutions help to plug these leaks. Inefficient And Manual Processes for. COST LEAKS SPREADSHEETS CREATE Interference With Distributing Data to Stakeholders Entering Data Cuating Reperts Business Operations Providing information To Compliance And Risk Waiting for Approval Delays While APPROVE Compiling and Reconciling Feedlack Responding Responding Time Required to Identify Requirements Time Required to Change to Meet Requirements Risks Exposures Penaties And Legal Liability Increased Egulator Or Auditor Scrutiny Consequences in Business Outcome Reputational Harm Financial Harm IMPACT OF A GRC PLATFORM Productivity Gains Visibility and Clarity Less Time Updating Data Less Time Compiing s Mutile Documenti Less Time Distributing Data Reduction in Erers And mprved Understanding Inaccurate Data Of Requirements Less Time Responding Taloouies duced pact on Business Pocesses Real-Time Insight into Improved insight into dhanging performance Decision Consequences 711 Risks Reduction Less topere te Poor Busines Outcomes Less Expose From Regulators Penalies O Liabty And Financial Harm STOP THE THREAT Organizations replacing spreadsheets with GRC solutions report 25%- 30% JUN AUG reduction in time spent completing compliance and risk tasks The most valuable advantages reported resulted from earlier and improved insight into potential business risks or problems SOLUTION HIGHLIGHT: SAP GOVERNANCE, RISK AND COMPLIANCE O Provides Core GRC Functionality with an enterprise reach and integrations O HANA Database And Analytics offers support for large volume and real time data aCros SAPplications A centralized enterprise platform for risk and compliance activities Fraud HANA Manageme Expanded Audit Management Suites SAP O Embeds Best Practices/Controls O Provides Mobile GRC Capabilities O Automation of Workflows, Monitoring. And Reporting Learn more at BLUE HILL RESIARCH T ng Spreadsheet GRC

SAP GRC's Role in Removing Spreadsheet Costs in Compliance and Risk Management

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Due to their versatility and ubiquity, spreadsheets tend to become the default solutions for a variety of compliance and risk management activities. However, despite their familiarity and ease of depl...

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