The Cloud Helpers Blog Series - GRC (governance, risk management and compliance)
GRC (governance, risk management and compliance) software allows companies to integrate and manage IT operations that are subject to regulation. Such software typically combines applications that manage the core functions of GRC into a single integrated package.
GRC software enables an organization to pursue a systematic, organized approach to managing GRC-related strategy and implementation. Instead of keeping data in separate "silos," administrators can use a single framework to monitor and enforce rules and procedures. Successful installations enable organizations to manage risk, reduce costs incurred by multiple installations and minimize complexity for managers.
Why is GRC software important?
GRC software can satisfy the needs of multiple stakeholders, including:
Business executives that need to identify and manage risk.
Finance managers assigned to meet regulatory compliance requirements.
Legal counsels grappling with discovery and records retention.
IT directors managing software installations related to GRC projects across an organization.
Data retention and risk management procedures mandated by the Sarbanes-Oxley Act (SOX), HIPAA, Basel II and regional regulations have all placed unprecedented pressure on IT administrators to coordinate enterprise-wide tracking and organization of compliance measures. As a result, the GRC software category has rapidly become a hotly contested space between industry giants like SAP, Oracle, IBM, CA and a host of other companies. Given the complex regulatory burden imposed upon both executives and IT administrators, the tools provided by GRC software will become increasingly important to meeting the new standards.
SAP GRC Powered by Approyo
SAP GRC Powered by Approyo provides customers with a flexible, innovative solution that can include SAP maintenance fees, hosting and hardware, and implementation and functional support services. In addition, customers may deploy the GRC applications as an entire suite or as individual elements, based upon needs and budget.
SAP GRC Powered by Approyo offers clients accelerated deployment with the benefit of a significantly lower operating cost model.
SAP GRC Software in the Cloud - Obtain SAP software licenses and maintenance for multi-year term on a monthly OpEx model.
Managed SAP Application Services Delivered in the Cloud - Application management services and business process solutions to ensure your applications adapt as your business grows.
Application Support / Managed Services for Your SAP Applications - Functional application support for Security, GRC and IDM applications post Go-Live. Result driven with ongoing remediation and process improvement.
Rapid Deployment of GRC Applications - Leverage a range of implementation, education, training & project management accelerators, to drive a rapid time to value for the deployment of your SAP GRC Application.
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