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Strategic planning, risk management, and governance are critical components of any successful organization. However, many organizations struggle to implement a holistic approach to these functions, which can hinder effective decision-making at the executive level and prevent the organization from executing its strategy while managing risks and ensuring compliance with industry standards.
In our previous article on GPRC, we looked at the end-to-end implementation process in the form of a 5-stage roadmap - basically “what” needs to be done. In this article, we’ll look at “how” the necessary activities which make up GPRC implementation can be carried out, and, more specifically, how the right software can make the process more efficient, and more successful.
Implementing an integrated GPRC strategy aims to synchronize each of these four components, giving leadership greater visibility and insight into the interdependencies between them, and resulting in improved outputs across the board. Let’s look at how organizations just getting started with GPRC can follow a 5-stage roadmap to achieve a successful implementation.
In our last article, we looked at how a combined governance, performance, risk management and compliance strategy (GPRC) can deliver positive outcomes across a range of business functions. In this piece, we’ll look more specifically at how GPRC impacts organizational efficiency and corporate performance, in both a practical sense and, more broadly speaking, in its effect on the wider organizational culture.
The importance of governance, risk management, and compliance (GRC) to a business is well understood. Increasingly though, forward-thinking organizations are adding a final piece to the puzzle - performance.
The second edition of our SAP® Strategy Management (SSM) Expert Session took place in Muscat, Sultanate of Oman on November 26. It brought together SSM senior executives from SAP, SSM experts from Clariba, strategy execution experts from The Palladium Group and a range of companies from the Muscat area.
