Enterprise Resource Planning (ERP) is a system of integrated business applications covering broad operational end-to-end processes that include finance, HR, manufacturing, distribution, service, and supply chain. Governance, risk, and compliance (GRC) is an organization's strategy to manage governance, enterprise risk management, and compliance with applicable regulations. Governance, risk, and compliance is a structured approach to align IT with business objectives, while effectively managing risk and meeting compliance requirements.
Enterprise Resource Planning (ERP) system security and Governance, Risk, and Compliance (GRC) are critical to an effective enterprise security program. An efficient GRC strategy delivers numerous benefits: enhanced decision-making, optimized IT investments, elimination of silos, and reduced fragmentation among divisions and departments.
GRC has three main components in the IT environment:
- Governance: Support business goals by ensuring that organizational activities, like managing IT operations, are aligned and well-maintained.
- Risk: Reinforce business objectives by ensuring any risk or opportunity in organizational activities is recognized and addressed. This includes having a comprehensive IT risk management process that rolls into an organization's enterprise risk management function.
- Compliance: Making sure that organizational activities operate to meet the laws and regulations impacting those systems. In an IT context, this means making sure that IT systems, and the data contained in those systems, are used and appropriately secured.
Implementing ERP System Security & GRC Programs with Arbour
At Arbour Group, whether it is ERP/GRC system security assessments, ruleset design, implementation & testing, conflict analysis & remediation, or firefighter process assessment, we can help you achieve your goals related to ERP system security & GRC. Along with these methods, we partner with our customers on decision-making, resource and portfolio management, risk management, and regulatory compliance functions to ensure that their GRC solution is adequate and the organization's executive leadership supports the cultural change. Finally, we partner with major technology solution providers such as SAP and Oracle to assess their ERP solutions.
For more information on Arbour Group’s ERP system security and GRC services, contact us today!