Logica and SAP launch GRC collaboration

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LONDON – Business software producer SAP and financial consultant Logica have launched a collaborative strategy to provide integrated IT implementation of governance, risk and compliance to customers using SAP software.

Governance, risk and compliance (GRC) is a new concept, and firms are still getting to grips with implementation, which requires the interconnection of previously disparate risk, compliance and corporate governance policy frameworks. The Logica-SAP partnership is one of the first European-based collaborations for GRC services.

Nigel Turner, managing director of Logica’s SAP division, says: “We are seeing a growing number of organisations struggling to handle the dynamics and complexity of increasing regulatory pressures. In the past, the risk management approach has often evolved through years of tactically responding to risk, which results in disparate processes and duplication of effort. Clearly, it does not provide a unified picture of all the internal and external risks and legislation an organisation must adhere to.

“Today, businesses need to apply an integrated, corporate-wide IT solution that effectively manages all governance, risk and compliance issues, and forms an integral part of day-to-day business activities,” says Turner.