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SAP Collaborates with GRC Partner Community

Published: August 12, 2008

SAP's new initiative is to equip customers with the solutions and services they need to best prepare for Standard & Poor's new enterprise risk management evaluations.

SAP AG announced a new initiative, in collaboration with key partners, to equip customers with the solutions and services they need to best prepare for Standard & Poor's (S&P) new enterprise risk management (ERM) evaluations, which the agency recently announced will soon be included in its credit ratings analysis for non-financial corporations. Together with its leading governance, risk and compliance (GRC) consulting partners.

SAP solutions for GRC are part of Business Objects, an SAP company, which combined with the Business Objects enterprise performance management and business intelligence solutions, deliver a comprehensive portfolio for business performance optimization.

"S&P's decision to apply ERM analysis to its corporate ratings further thrusts risk management into the spotlight, and ultimately is a good thing for companies and investors alike," said Narina Sippy, Senior Vice President of SAP's governance, risk and compliance business unit. "With dramatic corporate events continuing to make headlines around the world – from numerous product recalls, to rogue bank trading activity, to the continued fallout from the sub-prime mortgage crisis – one thing is clear: executive management teams and their Boards are fundamentally rethinking their focus on risk management. Together with our partners, SAP is uniquely positioned to help our customers implement a forward-thinking, strategic risk management program."