What is the SAP GRC?
Posted On: Mar 14, 2020
SAP GRC abbreviated as System, Applications, and Products (SAP), Governance, Risk and Compliance (GRC) which is an integrated body combining of various activities which unite help the organizations to regulate several policies and reduce various risks. It is made up of three different terms viz. Governance, Risk, and Compliance which has specific definitions in this field which is as follows :
- GOVERNANCE: Governance is the combination of various processes which are established by various members of the board to automate various rules and conventions.
- RISK: Risk management is the proper procedure of managing risks in an organization and predicting future risks to run the organization smoothly and in a hassle-free manner.
- COMPLIANCE: Compliance focuses on following various rules regarding the company’s policies, procedures, laws, rules and regulations and many more.
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