SAP Governance, Risk, and Compliance

One of the critical challenges faced by enterprises is the need to manage governance requirements and comply with regulations. It is important to manage these risks in order to prevent organizational processes from collapsing. For example, Enron, one of the largest energy companies based in the United States, failed because it didn’t implement governance, risk, and compliance (GRC) control measures; it lost its value, impacting millions of shareholders.

Suppose you’re driving a car. You have requirements such as holding a driver’s license, adhering to the government’s pollution standards, and following ...

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