New GRC Solutions from SAP Help Mitigate Trade Risk Across Global Supply Chain

March 18, 2009 by SAP News 0

New Version of SAP® BusinessObjects™ Global Trade Services Combined With SAP® BusinessObjects™ Risk Management Promotes Proactive Compliance and Risk Management Across Trade Processes

LAS VEGAS


A global trade risk indicator viewed from the SAP BusinessObjects Risk Management application.

The current economic downturn, combined with an increasingly complex global business and regulatory environment, has left international businesses more vulnerable than ever to supply chain risk, and it is imperative that they find better ways to manage that risk. SAP AG (NYSE: SAP) today announced a new version of the SAP® BusinessObjects™ Global Trade Services application, part of the SAP BusinessObjects governance, risk, and compliance (GRC) family of solutions. Combined with the SAP® BusinessObjects™ Risk Management application, also an SAP BusinessObjects GRC solution, the new application automates regulatory compliance across numerous trade processes such as logistics and order fulfillment, helping customers to identify and mitigate supply chain risk easily, quickly and effectively. The SAP BusinessObjects GRC family of solutions promotes a unified approach to addressing compliance issues across lines of business, regions and industries. Today’s announcement enhances these solutions by helping companies address supply chain risk and improve performance. The announcement was made at GRC 2009, being held in Las Vegas, Nevada, March 17-20.

“Supply chains have become both more strategically important and risky over the last several years,” said Mark Smith, CEO & EVP, Research, Ventana Research. “The world’s economies have become simultaneously more integrated and uncertain as companies have expanded the geographic scope of their potential sourcing and addressable markets. That’s why businesses are examining SAP for better visibility into increasingly complex, geographically dispersed supply chains. Solutions from vendors like SAP can help organizations spot potential risks before they become problems and enhance supply chain performance.”

Supply chain and logistics professionals need solutions that help them increase their control over risk factors that impact operational efficiency. By leveraging SAP BusinessObjects Global Trade Services with SAP BusinessObjects Risk Management, supply chain executives improve their visibility and management of global trade risk factors and performance issues. SAP BusinessObjects GRC solutions help give customers updated status information on supply chain logistics and order fulfillment including: supplier and customer service, cross-border trade and international trade regulations. With prompt access to data, supply chain professionals can formulate smarter action plans and risk-mitigation strategies that can ultimately improve “delivery performance,” or the time from the supplier’s receipt of an order to customer delivery.

SAP BusinessObjects GRC solutions provide a proactive, preventive approach to helping minimize risk and improve performance. For example, if a vice president of supply chain wants to improve delivery performance, he or she can use SAP BusinessObjects GRC solutions to establish quantifiable key risk indicators (KRIs) that measure and monitor aspects of the order to help ensure that deadlines are met. These quantifiable KRIs estimate the financial impact of various risk factors, showing supply chain executives how risk vulnerability can affect their bottom line. Through the interaction of global trade services with risk management solutions, organizations can create KRIs that alert them to quantified risks associated with an inability to meet customer commitment goals or aggressive order fulfillment times. Additionally, KRI alerts let supply chain professionals know when they need to enact risk mitigation plans to help ensure delivery timelines are met. KRIs can also be triggered if there are errors in the electronic filing process, or improper, inaccurate or missing shipping documentation.

The comprehensive global trade services and risk management approach offered by SAP also helps customers determine if their suppliers are Authorized Economic Operator (AEO) certified, meaning that suppliers’ business transactions have been certified to be safe and transparent according to international trade standards. If an issue arises, customers are notified, thus helping to minimize some potential supply chain disruption and expedite the flow of goods through ports worldwide.

Consistent with the SAP BusinessObjects portfolio, SAP BusinessObjects GRC solutions work across customers’ heterogeneous IT environments. SAP customers gain additional benefits from deeper integration with SAP® Business Suite software, linking supply chain risk, trade compliance and execution. For example, the new version of SAP BusinessObjects Global Trade Services works with the SAP® Transportation Management application (part of the SAP Business Suite) to help customers further streamline cross-border trade and visibility. Together the SAP applications promote a holistic approach to trade and transportation, managing both trade compliance and transportation logistics issues, and helping ensure that organizations execute efficiently on their international trading strategy.

“Supply chain risk has become a top challenge for companies worldwide, and without a unified GRC approach these issues can spiral out of control if they are not proactively managed,” said Narina Sippy, senior vice president and general manager, GRC Solutions, SAP BusinessObjects division. “SAP recognizes that a company’s ability to meet its corporate objectives – ranging from revenue to customer satisfaction to sustainability goals – may hinge on how well it can identify and mitigate supply chain risk. That’s why the SAP BusinessObjects GRC offerings are designed to help proactively flag supply chain risks and vulnerabilities, empowering business users with the information they need to help develop an immediate plan of action to respond to a potential crisis across their global trade operations. With the insight provided by our solutions, companies may develop more risk-aware, productive business strategies and promote consistent execution upon them.”

About SAP
SAP is the world’s leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 82,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol “SAP.”

The SAP® BusinessObjects™ portfolio transforms the way the world works by connecting people, information and businesses. With open, heterogeneous solutions in the areas of business intelligence; information management; governance, risk and compliance; and enterprise performance management, the SAP BusinessObjects portfolio enables organizations to close the gap between business strategy and execution.

For more information, visit www.sap.com.

(*) SAP defines business software as comprising enterprise resource planning and related applications.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

Copyright © 2009 SAP AG. All rights reserved.

SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.

Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/stockfootage. On this newly launched platform you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via e-mail links and subscribe to RSS feeds from SAP TV.

For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)

For more information, press only:
Scott Behles, SAP, +1 (917) 494-2009, scott.behles@sap.com, EDT
Dana Dye, SAP, +1 (415) 928-1310, dana.dye@sap.com, PDT
Hilmar Schepp, SAP, +49 6227 7-46799, hilmar.schepp@sap.com, CET
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EDT; press@sap.com

Stan Weakley, Burson-Marsteller, +1 (202) 530-4554, stanley.weakley@bm.com, EDT

Tags: , ,

Leave a Reply