SAP Expands Its Market-Leading Family of Governance, Risk and Compliance Management Solutions

SAP Expands Its Market-Leading Family of Governance, Risk and Compliance Management Solutions

SAP AG (NYSE: SAP) today announced the expansion of its market-leading portfolio of solutions designed to help large and small enterprises manage governance, risk and compliance (GRC). SAP said it will be adding three new products to its robust GRC offering, a portfolio that already comprises dozens of products spanning numerous GRC requirements for multiple industries. SAP is delivering a unified foundation that allows for a comprehensive GRC solution, which provides proactive transparency across the entire enterprise. SAP also announced a strategic relationship in North America with Cisco Systems, Inc. to enhance the effectiveness of SAP® solutions for GRC by taking advantage of the Cisco Service-Oriented Network Architecture (SONA) within the IT network infrastructure (see related announcement at http://www.sap.com/company/press/press.aspx?pressID=6673).

SAP solutions for GRC deliver integrated applications that manage business process and IT infrastructure risks as well as operational and corporate-level risk across the entire enterprise. SAP announced today it will enhance this market-leading portfolio with the launch of three new applications—SAP GRC Repository, SAP GRC Process Control and SAP GRC Risk Management. The portfolio of proven applications addresses the specific GRC requirements of public sector organizations and companies across diverse industries, including, chemicals, financial services, oil and gas, pharmaceuticals and utilities.

“IDC believes that effective governance, risk and compliance management requires an ecosystem of solutions that form a platform that can be leveraged across multiple initiatives,” said Kathleen Wilhide, research director for Compliance and Business Performance Management (BPM) Solutions research, IDC. “By combining legacy solutions with the product portfolio of SAP’s recent acquisition of Virsa, SAP offers the opportunity for organizations to integrate flexible governance, risk and compliance capabilities and implement processes that support continuous governance and enhanced performance.”

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