Working closely with the client, we deliver a rigorous and effective integrated GRC (Governance, Risk and Compliance) solution – one that is not only right for the client, but also available for them.
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GRC
1. >
GRC
A BearingPoint Accelerator
Working closely with the client, we deliver a rigorous and
effective integrated GRC (Governance, Risk and
Compliance) solution – one that is not only right for the
client, but also available for them.
3. Market Drivers
Organizations are facing ever-increasing global, local, and industry-specific regulatory challenges.
These challenges have been cumbersome to meet with manual, non-structured efforts in the past - but
with mounting complexities and quantities of regulatory requirements, this becomes impossible.
Organizations need to structure their compliance activities and consider how automation can help
them manage regulatory compliance effectively.
In some areas, with the availability of automated tools, regulators intensify their regulatory
requirements in such a way that impacted organizations have no choice but to use such automated
tools and processes - for example within the area of Anti Money Laundering.
Beyond the external requirements brought forward by regulators, organizations understand more and
more that GRC is not only a cost and a compliance topic, but it can also help shape a more effective,
more streamlined and more transparent organization.
GRC functions are increasingly becoming integrated within the discipline and they connect across
other disciplines such as the finance function.
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GRC | A BearingPoint Accelerator
4. Market Drivers
Companies face many sources of risk - what
could go wrong, what will go wrong
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GRC | A BearingPoint Accelerator
Risk Sources in Context of PESTEL Analysis: Political, Economic,
Social, Technological, Environmental and Legislative.
Supply Stability
• Bankruptcy of suppliers
Information Security
• Swiss National Bank
• LGT
Theft
• Retail companies typically loose about
10 % of products because of theft
Incorrect Financial Statements
• Enron (2001)
• Worldcom (2002)
• Parmalat (2003)
Environmental Risk
• BP Deepwater Horizon (2010)
• Tepko (Fukushima)
Others (Reputation)
• Shell
• Total
• Glencore
Non Compliance (with Regulation)
• Collaboration
External Fraud
• Google (Chinese environment)
• SecureID
Internal Fraud
• Societe General (2008)
• UBS (2011)
• Gate Group
5. Market Drivers
Fragmented, manual activities increase cost
and fail to provide strategic value
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GRC | A BearingPoint Accelerator
Executive Management
Lack of Transparency
• Poor visibility into enterprise risk exposure
• Processes are too reactive and defensive
• Fragmentation limits effectiveness of risk
and compliance initiatives
Compliance, Risk and Audit
Lack of resources
• Limited time and personnel to effectively
manage risk and compliance
• Inefficient and costly manual processes
• Inability to proactively mitigate risk events
Business Owners
Lack of Alignment
• Risk and compliance management processes
are not embedded within the business
• Controls are not aligned to key risks
• Limited risk and compliance influence on
business decisions
9. References
Project details
• Adaptive solution to manage increasing
data amounts and complexity
• Real time reporting and one click
consolidation features
• Integrate GRC cycle from Access,
Compliance and Risk Management
• Understanding Compliance and Risk
Management and bringing expertise
BearingPoint achievement
• Gather the requirements (workshops with stakeholders)
• Align the solution with the key stakeholders
• Build up a specific prototype to visualize potential
solutions
• Assess the financial impacts of key requirements and
illustrate potential solutions
• Close relationship to SAP to discuss enhancements to
product needed to meet requirements
Client results
• SAP GRC 10.0 Process Control and Risk
Management Blueprint
• Prototype equipped with master data
• Business Processes adapted to the needs but
aligned to SAP product capabilities
• Good understanding of the product for the involved
team
• User Management Integration scenario
Project details
• Develop and implement comprehensive
governance for the SAP user- and
authorization management for all
administration entities.
• The chosen software solution ensures
compliance to the SAP governance,
given the complex environment.
• Raise the Internal Control System
awareness.
• Choosing a particular software.
BearingPoint achievement
• Organizing workshops to gather requirements
• Develop a governance document aligned to business
needs
• Develop and implement a SAP GRC AC 10.0
prototype with the following components
- Access Risk Analysis (ARA)
- Access Request Management (ARM)
• Potential implementation scenarios
• Train stakeholders
Client results
• Fully working SAP GRC 10.0 AC prototype
• SAP Governance
• Business and IT rule set for Segregation of Duties
and critical authorizations
• Implementation scenarios and their financial
impact
• Basis for the software decision, linked with
know-how of the client prototype
SAP GRC 10 Process Control/Risk Management blueprint for a leading automotive supply manufacturer
BearingPoint was engaged to implement and integrate the Process Control and Risk Management modules of SAP`s GRC 10.0 solution.
BearingPoint is engaged to establish a GRC infrastructure in the SAP space which includes the definition of a governance, a client specific risk rule set and a SAP GRC 10.0 AC prototype.
Risk analysis concept and implementation in the public services environment
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GRC | A BearingPoint Accelerator