What is SAP Business Objects Risk Management?
Risk Management is an SAP application which forms part of SAP's Business Objects GRC solutions. It enables an organisation to manage their enterprise risks with greater transparency and awareness, allowing corporate performance to be optimized whilst adhering to regulatory and policy compliance requirements.
Effective risk management can help improve strategic planning and decision making within an organisation, which can create significant value for an enterprise when performed as part of a unified GRC solution.
The SAP Business Objects Risk Management application enables an organisation to develop an automated and proactive risk management practice - ensuring identification and monitoring of critical risks, analysis of risk-reward tradeoffs using both qualitative and quantitive data, and the creation of resolution strategies for those risks which maximise return on investment.