First-generation Fix

When Sarbanes-Oxley (SOX) was first enacted in 2002, the main focus was on Segregation of Duties (SOD) at a very granular level. A first-generation GRC (Governance, Risk and Compliance) solution could respond to, and fully satisfy, these specific needs, and companies would spend whatever resources necessary to comply.

Today, organizations are being asked to provide results well beyond SOD with fewer resources. In other words, they must deal with even higher levels of compliance reporting requirements, along with heightened security and risk issues, while working within a finite budget.

Auditors and companies alike realize that well-managed and well-controlled systems extend beyond SOD, and in fact affect a wide range of IT processes. They also have learned that in addition to meeting SOX compliance demands, they need to safeguard investors and other constituencies from fraud, theft of data, system failures due to lack of controls, and catastrophic outages.

As a result, compliance can no longer take the form of a yearly, after-the-fact audit. It needs to be embedded into day-to-day operations and into business processes.

Second-generation Innovation

SymSoft Corporation provides a second-generation GRC suite of modular, integrated applications that address the major areas of compliance concerns for SAP® users, especially in heavily regulated industries. Its software solution, ControlPanelGRC, reduces the overall cost of compliance by accelerating administrative tasks in SAP Security and Basis, and addressing the major areas of concern for compliance in SAP.

Developed by SymSoft and supported by Symmetry Corporation’s 14 years of SAP experience, ControlPanelGRC provides an affordable, robust toolset with functionality not available from first-generation products. As a result, executives can satisfy compliance requirements while workflows for SAP Security and Technical Administration are accelerated for improved productivity and responsiveness.

While first-generation GRC solutions responded to SOX, they didn’t increase the automation of processes that would result in tangible operational improvements, nor did they do anything to manage the high ongoing maintenance costs. ControlPanelGRC software is a flexible, easy-to-use toolset for the SAP environment that creates real-time analysis, risk mitigation and reporting through an intuitive interface that facilitates self-generated queries, ultimately leading to greater ROI from the ERP solution.

Learn about the product and the solutions available through ControlPanelGRC