Banks Taking GRC More Seriously

  • by Davin Wilfrid, Former Contributing Editor, SAP Experts
  • April 28, 2009
/GRC/Project Management
An SAP-sponsored study by the Economist Intelligence Unit has found that while many banks hesitate to implement enterprise-wide solutions for governance, risk, and compliance (GRC), more banks are including GRC initiatives as part of a strategic view of their financial processes.

“A sober appraisal of banks’ efforts will reveal that cost considerations have limited the extent to which manual processes have been eliminated and, far more importantly, that sophisticated GRC isolated within lines of business or internal control functions is no substitute for an integrated, enterprise-wide approach to risk management,” according to the study’s conclusion.

Davin Wilfrid

Davin Wilfrid was a writer and editor for SAPinsider and SAP Experts. He contributed case studies and research projects aimed at helping the SAP ecosystem get the most out of their existing technology investments.

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