SAP is expanding its range of products designed to help enterprises manage governance, risk and compliance.
The enterprise software provider is adding three products to its governance, risk and compliance offering: SAP GRC Repository, SAP GRC Process Control and SAP GRC Risk Management.
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SAP GRC Repository will document and maintain governance, risk and compliance information in a single central system of record, including corporate policies, board of director minutes, regulations, compliance and control frameworks, as well as key business processes.
The product will also store and link risk and control libraries to multiple control frameworks and international regulations.
This centralisation of key governance, risk and compliance information simplifies risk management, promotes business transparency and cuts the costs associated with governance, risk and compliance initiatives, said SAP.
SAP GRC Repository and SAP GRC Process Control will be generally available on 30 November. SAP GRC Risk Management will be introduced in December 2006. All three products will be sold individually.
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