Head To Head SAP’s Governance Risk And Compliance(GRC) Solution Vs IBM’s OpenPages GRC Platform

A large number of enterprises spend a large amount of funds on periodic audits conducted independently for IT, finance, accounting, operations and regulatory compliance.

The fragmented approach makes it difficult for executives to have a uniform and consistent view of risk and compliance across all functional areas which is why a need for an agile GRC solution is arising in almost every organisation.

To ease up things in the selection process of a right GRC solution we bring you a head to head comparison of two GRC offerings by  SAP and IBM

SAP’s GRC Solution- The SAP’s GRC solution banks on a unified and comprehensive approach to managing risk and compliance. Also SAP claims that its offering is capable of fetching a repeatable and automated response.

Low Operating Costs-SAP also claims that its solutions help to reduce the cost and effort of managing GRC while protecting revenue streams and optimizing financial performance by reducing the number of redundant and duplicative controls and by unifying risk responses at the process and strategic levels.

Access Risk Management-SAP has also embedded an Access Control application with which organizations can automate key processes to detect, remediate, and prevent access violations, streamline user provisioning, and centralize role management. Which reduces the cost of access management, audit, and ongoing compliance activities and minimize the risk of internal fraud.

Nimble And Agile-The SAP’s GRC solution offers compatibility with an organizations existing IT investments thereby reducing total cost of ownership and smoothing GRC processes.

IBM’s OpenPage GRC platform- IBM OpenPages  GRC Platform boasts of an  integrated governance, risk and compliance platform which enable companies to manage risk and regulatory challenges across the enterprise.

IBM claims that its GRC platform fetches a set of core services and functional components which span across the risk and compliance domains including operational risk, policy and compliance, financial controls management, IT governance and internal audit.

An Adaptable Solution- The OpenPages GRC platform not only embeds with the existing risk and compliance management process of an organization but also improve overall efficiency and performance.

 Low Deployment Cost – The solution according to IBM requires no mandatory custom programming which is an additional cost saving advantage with the solution.

 Flexible Solution- The solution enables the organization to expand on risk and compliance management efforts as needed to meet future challenges.

Verdict- Both the solutions offer the blend of agility and compatibility with custom changes. Also the two IT giants claim there solution to be the most cost effective for an organization. Since each organization has its own requirements, there is a potential for both the solutions to witness a parallel growth.