Perfect your Governance, Risk & Compliance Strategy with SAP GRC

Solutions

Managing risks in the enterprise is everyone’s job. From the board and business executives to individuals in Finance, IT, Risk & Compliance, Audit, Operations, or Human Capital Management, a concerted effort to ensure that risks are well managed is called for. In ensuring the attainment of the enterprise’s strategic objectives, a proactive approach to Governance, Risk and Compliance management is not only a vehicle to attain quick wins but a strategic imperative. In addressing compliance, operational, financial, and strategic risks, the need to enforce a sound Enterprise Risk Management framework takes centre stage. SAP GRC solutions help organisations avoid the

challenges emanating from a fragmented approach to risk management by enforcing an integrated and holistic approach to enterprise-wide governance, risk and compliance management. As your organisation employs technology-enabled strategies in the face of ubiquitous change, operate with confidence by taking advantage of SAP GRC solutions in ensuring absolute visibility of risks and build a risk intelligent organisation.

Why TTCS?TTCS, an SAP Gold Partner, has over 18 years implementing SAP across Africa and the Middle East, and cutting across various industries. Trust TTCS, an experienced implementation partner with a proven record.

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SAP Governance, Risk & Compliance

WHAT IS SAP GRC?

SAP Governance, Risk and Compliance (SAP GRC) is a solution for an end-to-end enforcement and management of an organisation’s enterprise risk management framework, offering an integrated and holistic approach to entity-wide governance, risk and compliance management. SAP GRC ensures that organisations operate in accordance with their risk appetite, internal policies and external regulations through the alignment of strategy, processes, technology and people. It helps in improving visibility of risks thereby enhancing efficiency and effectiveness in the organisation’s GRC initiatives.

It also helps organisations adopt a Risk Based Approach (RBA) to managing enterprise risks, while reducing the cost and effort of managing GRC initiatives in the organisation. SAP GRC offers a way through which organisations can automate and embed GRC processes in business processes, thereby promoting a culture which values effective GRC management. This, in turn, helps companies protect revenue streams, shareholder and stakeholder value, and brand reputation. Organisations can also leverage on common GRC content and rules in SAP GRC built based on best practices in leading Enterprise Risk Management frameworks.

SAP GRC’s solutions can monitor activities in all the enterprise’s business applications (both SAP and non-SAP) and the GRC framework is embedded in core processes, and so, does not operate separate from the main processes.

WHAT GRC PROBLEMS ARE FACED BY ORGANISATIONS? Enterprises face the following key challenges among other issues:

■ Fragmented approaches to entity-wide Governance, Risk and Compliance management

■ Lack of visibility and transparency into the enterprise’s Governance, Risk and Compliance gaps or challenges, which result in incorrect and unbalanced

entity risk profiles ■ Lack of risk ownership, leading to inefficient prevention or mitigation of risks

■ Increased cost of compliance and heavy penalties due to non-compliance

■ Lack of alignment between strategy and organisation’s governance, risk and compliance initiatives

■ Loss of revenue streams, shareholder value and damage to brand reputation. Both the top line and bottom line of the organisation is adversely affected

■ Lack of standardisation in the ERM initiatives as business units work in silos in their GRC initiatives

KEY SOLUTIONS IN SAP GRCSAP GRC offers the following Key GRC applications, among others:

■ SAP GRC Access Control seeks to address access risk and enforce sound Segregation of Duties (SoD) through functionality that covers Access Risk Analysis and Remediation, Access Request Management, Business Role Management (BRM) and Emergency Access Management.

■ SAP GRC Process Control - This application is a solution for compliance and policy management. The compliance management capabilities enable the organisation to manage and monitor its internal control environment as well as compliance with external regulations. It ensures compliance with internal policies and best practices against the organisation’s control objectives in the various business cycles as implemented through SAP and/or other applications.SAP Process Control functionality covers Risk-Managed Financial Compliance, Continuous Controls Monitoring, Policy Management, Issue Management and Survey Management.

■ SAP GRC Risk Management helps the organisation to maximize risk visibility with comprehensive analytics, ensuring balancing risk and opportunity and to protect business value by proactively preventing and mitigating risks. The application highlight risk exposure and response at all levels of your organization. It helps the organisation run intuitive risk assessments – and “what if” simulations and analyses, integrate risk mitigation and prevention with key business systems, leverage best practices for industries and lines of business with predefined content, as well as automate key risk

indicator monitoring within SAP and heterogeneous systems.

■ SAP Fraud Management - This is part of SAP Assurance and Compliance Software which enables enterprises in industries such as banking, insurance, public sector, etc to detect, investigate, analyse, and prevent irregularities or fraud in ultra-high volume environments. SAP Fraud Management helps organisations detect fraud earlier and improve prevention and uncover hidden trends and patterns in large amounts data to detect fraud in near real time. It reduce false positives – and increase productivity – with powerful simulation features and helps the business to quickly adapt to evolving fraud patterns and enhance prevention with improved fraud strategy management.

■ SAP Liquidity Management - Enables banking institutions to perform real-time, high speed liquidity reporting and risk management on large volumes of individual cash flows and granular assets and liabilities. It allows the analysis of risks based on aggregation of cash flows and calculations on cash flows arising from financial transactions. The solution is fully compliant to the latest global standard on bank capital adequacy and liquidity Basel III and strengthens risk resilience and build a more robust liquidity cushion with deeper visibility into your liquidity profile. SAP Liquidity Risk Management instantly measures key liquidity risk ratios including Basel III liquidity coverage ratio and Economic cash flow gap.

UNDERLYING TECHNOLOGYThe SAP GRC solution is powered by SAP Business Objects (SAP BOBJ) and/or by SAP HANA. High-Performance Analytic Appliance (HANA) is a platform that affords the business to run GRC predictive analytic processing in ultra-high volumes of operational and transactional data in real time.

SAP HANA is in-memory, column-oriented,

relational database management system developed and marketed by SAP and the architecture combines database, application processing, and integration services on a single platform to handle both high transaction rates and complex query processing.

Connection of the SAP GRC applications with other SAP related systems e.g SAP ERP / SAP TRM is done using Remote Function Calls (RFCs) and the use of SAP GRC in a non-SAP systems environment is achieved through the use of the Greenlight Connector.

SOLUTION BENEFITSSAP GRC solutions address the above challenges in the following ways:

■ Provides for an end-to-end management of the organisation’s Enterprise Risk Management (ERM) Framework.

■ Offers an integrated and holistic approach to organisation-wide Governance, Risk and Compliance

■ Ensures that the organisation acts ethically correct and in accordance with its risk appetite, internal policies and external regulations through alignment of strategy, processes, technology and people

■ Improves visibility of risks which enhances efficiency and effectiveness in the entity’s GRC initiatives

■ Reduce the cost and effort of managing GRC initiatives with SAP GRC solutions

■ Helps the organisation embed risk and compliance activities into strategy, planning, and execution.

■ Ensures that organisations continuously improve performance by accounting for risk

■ Helps protect revenue streams, shareholder value and brand reputation

■ Helps the organisation to standardise on common GRC content and rules based on global best practices

■ Delivers transparency for balanced

COMPANY OVERVIEWTwenty Third Century Systems (TTCS) is a Pan African business solutions provider. Since 1996, it has focused on implementing SAP based solutions across Africa and the Middle East in sectors such as government, mining, manufacturing, social security as well as tax and revenue collecting agencies. TTCS has a diverse pool of consultants who are both functional and technical experts in the scope of our various offerings. These include SAP’s various modules in financials, logistics and human capital management, as well as analytics, mobility, cloud and database technologies. TTCS also offers SAP on the cloud for various market segments including Small to Medium Enterprises (SMEs). We successfully achieve this using up-to-date SAP approved methods for timely and effective product delivery and support. TTCS has a presence in Zimbabwe, Zambia, Malawi, South Africa, Kenya, Uganda, Rwanda, Nigeria and the Middle East. Our philosophy is to collaborate with local partners to build local skills that then become part of our global skills pool but able to provide a local in-country delivery and support capability. Our reputation is one of superior responsiveness to customer’s

diverse needs; our goal being that of providing solutions that remain relevant to our customers’ businesses. We take a customer-centric approach to all problem solving, while striving to continually enhance customer experience to satisfaction. Our repeat and long-standing clients are testimony of TTCS’ excellence in how we value each one of our customers individually. TTCS, through its Customer Services Division was one of the first companies to be certified by SAP as a Partner Centre of Expertise (PCoE) through which online support is provided to clients on a 24/7 basis.

TTCS is the largest SAP Service Partner in Sub-Saharan Africa excluding the South African market and has over 18 years SAP experience.

OUR SAP PARTNERSHIP STATUS TTCS is an SAP Gold partner that has distinguished itself through excellent project delivery capabilities. SAP Gold Partners are recognised as experts who deliver transformational, highly functional SAP solutions across the entire customer engagement lifecycle - through sales, implementation services and support, system design and operational support for their customers.

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About Twenty Third Century Systems

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global risk profile ■ Automates and embeds GRC processes in business processes promoting a culture which values

effective GRC content, as well as automate key risk indicator monitoring within SAP and heterogeneous systems.