Know Your Risks, Respond Better

Nearly two-thirds of companies say they’re facing more and more complex risks and manual processes to identify potential risks, which provide little insight into using centralized systems to fully examine and manage their risks, leading them and improve compliance. Shouldn’t your business be doing the same?

How important is risk management to your company?

Does your business have a clear, enterprise-wide view of its risk exposures?

66%

of executives consider enterprise risk management somewhat or extremely important

More than half of survey respondents said that not having integrated processes

81%

see risk management’s importance growing. 1

Are your organization’s risk management technologies up to the task?

53.7%

pieces of data together and gain a clear view of the risks on an enterprise-wide basis 2

57.1%

Does your business assess risks quantitatively or qualitatively?

For those that do assess strategic risks, most do so in a predominantly qualitative manner or by using a blend of qualitative and quantitative techniques. 4

50%

of companies are using outdated risk management solutions. 3

What is your company doing to monitor its risks better?

Is your risk management process protecting you from surprises?

2009

19.6%

68.1%

2012

of organizations admit they

37.9%

A growing number of organizations are maintaining inventories of risks at the enterprise level. 6

an operational surprise 5

Is your company ready for an integrated, enterprise-wide solution for risk management?

Is your business ready to decrease risk and increase productivity?

60%

of respondents indicated that integrating processes reduced gaps in risk and compliance procedures

90%

of the time those companies engaged in integrating governance, risk, and compliance, results have met or exceeded expectations.8

42%

said that it reduced redundant activities. 7

Reduce loss and improve business value with the SAP® Risk Management Application. www.sap.com/grc

Sources Fact 1: SAPinsider Research into 220 SAP Clients Fact 2: OCEG 2012 Maturity Survey. http://hello.occg.org/grc maturity survey 2012 Fact 3: SAPinsider Research into 220 SAP Clients Fact 4, 5, 6: “Current State of Enterprise Risk Oversight: Progress is Occuring but Opportunities for Improvement Remain,” by Beasley Branson, and Hancock, July 2012, AICPA/NC State ERM Initiative.) Fact 7, 8: OCEG 2012 Maturity Survey. http://hello.occg.org/grc maturity survey 2012

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