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Risk Management Infographic

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http://spr.ly/SAP_GRC - A growing number of businesses are using centralized systems to fully examine and manage their risks, leading them to reduce unanticipated losses, lower costs, increase …

http://spr.ly/SAP_GRC - A growing number of businesses are using centralized systems to fully examine and manage their risks, leading them to reduce unanticipated losses, lower costs, increase productivity and efficiency, and improve compliance. Shouldn’t your business be doing the same?

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  • 1. Know Your Risks, Nearly two-thirds of companies say they’re facing more and more complex risksRespond Better 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 Does your business have a clear,to your company? enterprise-wide view of its risk exposures? 66% More than half of survey respondents said that not having integrated processes 53.7% of executives consider enterprise risk pieces of data together management somewhat or extremely important 81% and gain a clear view of the risks see risk management’s on an enterprise-wide basis 2 57.1% importance growing. 1Are your organization’s risk management Does your business assess riskstechnologies up to the task? quantitatively or qualitatively? For those that do 50% assess strategic risks, most do so in a predominantly of companies qualitative manner are using outdated risk or by using a blend of qualitative management solutions. 3 and quantitative techniques. 4Is your risk management process What is your company doingprotecting you from surprises? to monitor its risks better? 2009 19.6% 68.1% 2012 37.9% of organizations admit they A growing number of organizations an operational surprise are maintaining inventories of risks 5 at the enterprise level. 6Is your business ready to Is your company ready for an integrated,decrease risk and increase productivity? enterprise-wide solution for risk management? 60% of respondents indicated that integrating processes reduced gaps in risk and 90% compliance procedures 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. 7Reduce loss and improve business value with the SourcesSAP® Risk Management Application. Fact 1: SAPinsider Research into 220 SAP Clients Fact 2: OCEG 2012 Maturity Survey. http://hello.occg.org/grc maturity survey 2012www.sap.com/grc 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 ©2012 SAP AG. SAP and the SAP logo are trademarks and registered trademarks of SAP AG in Germany and several other countries.