SAP GRC: Streamlining Compliance and Risk Management with KPMG

In today’s complex regulatory landscape, businesses need robust Governance, Risk, and Compliance (GRC) strategies to ensure smooth operations and protect their reputation. SAP GRC offers a strong suite of tools for managing these critical processes. KPMG, with its deep expertise in SAP and GRC, is an ideal partner for implementation and optimization.

What is SAP GRC?

SAP GRC (Governance, Risk, and Compliance) is a set of integrated modules within the SAP ERP system that help companies automate and streamline their GRC processes. Key components include:

• Access Control: Manages user access, segregation of duties (SoD) controls, and role-based permissions, reducing the risk of fraud and unauthorized activities.
• Risk Management: Provides tools for risk identification, assessment, mitigation planning, and continuous monitoring.
• Process Control: Automates and standardizes business processes, ensuring compliance with internal policies and external regulations.
• Business Integrity Screening: Enables screening of employees, vendors, and business partners against sanction lists and other watchlists.

Why Partner with KPMG for SAP GRC?

KPMG is a global leader in risk consulting with a dedicated SAP practice. They bring several unique advantages to SAP GRC implementation projects:

• Industry Expertise: KPMG’s consultants have deep knowledge of industry-specific regulations and best practices, helping tailor SAP GRC solutions to your organization’s needs.
• Technical Prowess: KPMG understands the technical aspects of SAP GRC, ensuring smooth integration with your existing SAP landscape and other enterprise systems.
• Strategic Focus: KPMG goes beyond implementation; they help you develop a comprehensive GRC roadmap that is aligned with your overall business objectives.
• Global Reach: KPMG’s network of professionals can support multi-national organizations with complex compliance requirements across diverse geographies.

Critical Use Cases for SAP GRC with KPMG

KPMG’s SAP GRC services can address a wide array of business challenges:

• Sarbanes-Oxley (SOX) Compliance: Streamline financial controls, automate testing, and ensure audit readiness.
• Cybersecurity and Data Privacy: Bolster SAP security, implement access controls, and protect sensitive data in compliance with frameworks like GDPR.
• Anti-Fraud and Anti-Corruption: Detect and prevent fraudulent activities, enhance due diligence, and comply with anti-bribery regulations.
• Operational Risk Management: Mitigate supply chain disruptions, health and safety risks, and other operational risks that could impact the business.

The KPMG Difference

KPMG’s approach to SAP GRC centers on:

• Value-driven Implementation: KPMG focuses on delivering measurable business outcomes, not just technical deployment.
• Integrated Methodology: Their methodology links GRC with broader business processes, optimizing efficiency and minimizing redundancy.
• Change Management: KPMG recognizes the importance of user adoption and provides practical training and support.