CareNetWest Benchmarking
University of Phoenix
CareNetWest Benchmarking
(International Compliance): eject AG
Since it started in 1972 in Germany, SAP has braggart(a) from a regional software firm to the world’s largest provider of business applications. SAP has acquired a wide-ranging disposition of 75,000 customers in more than 120 countries worldwide. 75% of the Fortune spheric 500 companies run the SAP enterprise resource formulation (ERP) trouble software. SAP as well provides businesses with a betray of services such as support, consulting and training. (SAP Facts and Figures, 2008, p1)
SAP corporate brass system follows the German system which is governed by the German line of descent Corporation Act. From the Sarbanes-Oxley Act of 2002 (SOX) in the US, to Bill 198 in Canada, to japan’s Financial Instrument and Exchange Law (J-SOX), the authentic worldwide regulatory environment is one which demands that enterprises take each step to ensure the integrity of their finances, their data, their processes and their employees.
(Roland, 2007, p50) Being a global company, SAP had to put into practice rigorous risk attention processes in order to comply with the complex regulatory requirements and at the same time achieve greater efficiency in the way business is conducted. As the new risk management processes were being rolled out and due to the company’s global presence and its continuous expansion into new territories it was seeming(a) that without an automated approach the company was spending too a great deal time and resources to identify and manage risk. At that stage SAP decided to split the task and focus initially on key operational processes that reduce cost and improve efficiency. This provided an interior system that made available key process controls that enabled separate mitigation of financial risks. In the second stage, SAP implemented risk management across the whole enterprise, which allowed it to integrate and get hold risk...If you want to get a full essay, order it on our website: Orderessay
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