By Eleanor Reader
SAP GRC and security specialist, Turnkey Consulting, has launched an SAP risk management tool to enable organisations to identify, evaluate and mitigate risks across the enterprise in a single system.
After seeing an increase in demand for enterprise risk management solutions, Turnkey engaged SAP as a collaborator and CQS – an SAP partner and GRC specialist based in South Africa – as a co-developer to create the solution.
The new solution standardises risk management best practices and tools across the enterprise based on the ISO31000 and COSO frameworks.
Turnkey said in a statement that the informed insight the solution facilitates “provides management teams with a complete view of the threat landscape and enables them to plan and execute responses to mitigate the effects”.
“Organisations are increasingly aware that they face risk from many directions, as well as the detrimental effects these have on their operations,” said Richard Hunt, managing director at Turnkey Consulting.
“This new solution enables our customers to be proactive in minimising these threats by taking an all-important enterprise-wide approach that is straightforward to deploy.”
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