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by Joshua Greenbaum, Contributing Editor   | Abstract: | SAP's foray into the burgeoning governance, risk, and compliance arena offers something for everyone. |
SAP's acquisition of Virsa Systems last spring got a lot of attention, mostly due to the fact that prospective partners everywhere saw the deal as a green light to get in bed with SAP and end up, like Virsa, tying the knot. What is now evident is that the Virsa acquisition was really the beginning of a massive push into what SAP is calling the governance, risk, and compliance (GRC) market. That market, where Virsa was an early pioneer, is about a lot more than just Sarbanes-Oxley compliance. GRC is about the enterprise-wide problem of making sure that your business practices, partnerships, products, supplies, inventory evaluations, bills of materials, and just about everything else in your company are made or processed or performed in the lowest-risk, most compliance-centric way possible. [Click to continue] |