Know Your Risks, Respond Better

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are using outdated risk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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