SAP Collaborates with Partners for S&P ERM Evaluations
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TMCnews
[August 19, 2008]

SAP Collaborates with Partners for S&P ERM Evaluations

(Wireless News Via Acquire Media NewsEdge)
SAP announced a new initiative, in collaboration with key partners, to
equip customers with the solutions and services they need to best
prepare for Standard & Poor's (S&P) new enterprise risk management
(ERM) evaluations, which the agency recently announced will soon be
included in its credit ratings analysis for non-financial corporations.

Together with its governance, risk and compliance (GRC) consulting
partners, including Deloitte, IBM Global Business Services,
PricewaterhouseCoopers and Protiviti, SAP stated that its is positioned
to deliver the most robust set of risk management software tools,
value-added services and best practice frameworks to help customers
address S&P's forthcoming ERM evaluation requirements.

SAP solutions for GRC are part of Business Objects, an SAP company,
which combined with the Business Objects enterprise performance
management and business intelligence solutions, deliver a comprehensive
portfolio for business performance optimization.

"S&P's decision to apply ERM analysis to its corporate ratings further
thrusts risk management into the spotlight, and ultimately is a good
thing for companies and investors alike," said Narina Sippy, senior


vice president of SAP's governance, risk and compliance business unit.
"With dramatic corporate events continuing to make headlines around the
world -- from numerous product recalls, to rogue bank trading activity,
to the continued fallout from the sub-prime mortgage crisis -- one
thing is clear: executive management teams and their Boards are
fundamentally rethinking their focus on risk management. Together with
our partners, SAP is uniquely positioned to help our customers
implement a forward-thinking, strategic risk management program."

((Comments on this story may be sent to newsdesk@closeupmedia.com))



((Distributed on behalf of 10Meters via M2 Communications Ltd -
http://www.m2.com))
((10Meters - http://www.10meters.com))

Copyright ? 2008 Wireless News

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