SAP’s Governance Risk and Compliance tool solves a number of important business problems.
But, like many of SAP’s solutions, it is complex and expensive to run.
So what’s the alternative to GRC?
Is SAP GRC about security and user provisioning?
GRC has its roots in the space of providing and managing user access within an SAP environment. This includes role provisioning and the whole processes of managing movers, joiners and leavers.
But despite these origins, GRC has evolved to solve a broader business problem.
Managing Risk (and Cyber Security) in SAP
GRC tools also provide a critical insight into who’s doing what, when and where. They highlight risks which could lead to financial fraud - Segregation of Duties breaches, access to sensitive transactions, ineffective controls and Cyber Security threats - given that the average organisation loses 5% of its revenues to financial fraud (estimated to be $4 trillion per annum globally and increasing) it’s a crucial process to be on-top of.
The trouble is, SAP’s GRC tool is designed for very large organisations and it simply too complex and expensive for most SAP customers.
The alternative to SAP GRC
ProfileTailor Dynamics provides a low-cost and functionality rich alternative to SAP GRC. It covers all of the standard GRC 10 functionality and offers a number of additional features not available in the standard SAP product, including a web based user interface which is intuitive and easy to use.
What’s more, ProfileTailor Dynamics is fast to implement and doesn’t require specialist SAP GRC resources (or managed services) to operate.
ProfileTailor Dynamics uses AI, Machine Learning and Predictive Analytics to provide continuous controls monitoring, identifying specific security threats based on individual user behaviour profiles. It continually monitors and records the real-time activity of every SAP user and provides automatic alerts if an activity, or combination of activities, violates defined business rules.
As well as comparing a user's behaviour against their own 'typical' behaviour, ProfileTailor Dynamics also compares their behaviour against others from their department or against others with equivalent roles within their department.
SAP GRC Replacement Programme
Most SAP customers who are frustrated with GRC look to both improve their security processes and reduce the cost involved in its administration.
Whether you’re looking to simplify processes, replace like-for-like functionally or gain the advantage of more meaningful continuous controls monitoring it is possible to replace SAP GRC with ProfileTailor Dynamics with an ROI of less than12 months.
What's more, support for SAP GRC 10.1 ceases at the end of this year and SAP is encouraging current customers to upgrade to SAP GRC 12 - this presents a real opportunity to move away from the cost and complexity of SAP GRC and benefit from the significant advantages available with ProfileTailor Dynamics.