As companies deploy digital solutions across their enterprise, business leaders are increasingly focused on risk management and cybersecurity. To support business objectives while also managing risk, Chief Compliance Officers (CCOs), Chief Financial Officers (CFOs), and other executives need a unified strategy to succeed.
With evolving tech stacks, new business models, regulatory developments, and growing data volumes, compliance and controls remains an area of focus for many companies. To maintain an effective risk and compliance environment, business leaders must find solutions for efficient process management and testing that are embedded in systems and processes.
SAP Governance, Risk, and Compliance (GRC) and SAP Account Substantiation and Automation by BlackLine are solutions that embed into the foundation of your business operations. They enable automation, provide real-time visibility, and allow business leaders to focus on what matters most.
There may be some questions regarding each solution—like what are the benefits? How are the two solutions different and how do they work together? This blog highlights the value of SAP GRC and SAP Solution Extensions by BlackLine and explains how the two solutions work together to improve compliance and controls.
SAP GRC was built to provide a comprehensive, integrated portfolio of solutions that help CCOs secure applications and day-to-day interactions—inside and outside their organization—while mitigating risk and providing visibility into existing and future threats. SAP GRC provides a structured and standardized process for all types of controls and can be relevant for multiple compliance initiatives including SOX, FCPA, and operational controls.
SAP GRC solutions span the entire enterprise to drive comprehensive, integrated Group Reporting Data Collection (GRDC) for real-time visibility across numerous categories, including:
Enterprise risk and compliance
Identity and access governance
Cybersecurity and data protection and privacy
International trade management