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by Beth Stackpole, Contributing Editor
Posted on Wednesday, September 06, 2006 5:34:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | SAP and Cisco partner to offer an integrated service-oriented applications platform to help streamline regulatory compliance processes over ubiquitous TCP/IP networks.
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| Keywords: | SAP, Cisco, SOA, regulatory compliance, corporate governance, GRC, SONA |
Enterprise software powerhouse SAP AG is teaming up with network giant Cisco Systems, Inc. to converge business and IT controls into a single, integrated platform for governance, risk, and compliance (GRC). The new SAP Solutions for GRC 2.0 consists of a unified set of products and a shared foundation based on existing SAP applications as well as on those resulting from SAP's April acquisition of compliance software maker Virsa Systems Inc. The GRC framework -- which includes dozens of products that address initiatives from Sarbanes Oxley to regulatory requirements in health care and other vertical industries -- is designed to give large and medium-sized companies the transparency and visibility to meet quarterly regulatory obligations and work proactively to streamline compliance-oriented business processes, SAP executives said during a webcast to announce the initiative. With a holistic view, SAP executives explained, companies can push compliance and governance to the next level, forgoing the inefficiencies associated with conducting separate initiatives around individual compliance efforts and instead embedding activities into their regular business processes. "This kind of solution is critical because of the looming issue of cost associated with point solutions for governance, compliance, and risk," said Amit Chatterjee, senior vice president of SAP's GRC business unit, formed in May, in an interview with Managing Automation. "But it also helps companies find smarter ways to run their businesses."
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