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SAP Risk Management description
SAP Risk Management, a tool within the SAP S/4HANA suite, helps businesses understand and manage potential risks. It allows you to centralize risk-related activities, analyze your company's risk exposure, and develop appropriate responses. This solution is particularly beneficial for integrating risk management into daily operations and improving decision-making across different departments.
Who is SAP Risk Management best for
We find that SAP Risk Management is best for large companies seeking to improve governance, risk management, and compliance. It's most effective for companies with over 1000 employees. Users appreciate its ability to streamline risk and compliance processes and centralize risk management activities. However, be aware of the reported slow performance and complex setup.
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Perfect for large enterprises (1001+ employees) seeking robust risk management within their SAP ecosystem.
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Suited for highly regulated industries like finance or manufacturing needing integrated risk and compliance processes.
SAP Risk Management features
Supported Centralized Risk Management: Centralized platform to manage all risk-related data and activities, enabling better organization and oversight. |
Supported Risk Analysis & Assessment: Tools to analyze and assess the potential impact of various risks on business operations. |
Supported Risk Response Planning: Helps develop strategies and actions to mitigate identified risks and minimize potential damage. |
Supported Integration with Daily Operations: Integration with daily operations to ensure risk management is embedded in regular workflows. |
Supported Improved Decision-Making: Supports better decision-making by providing risk insights across departments. |
SAP Risk Management reviews
We've summarised 62 SAP Risk Management reviews (SAP Risk Management G2 reviews) and summarised the main points below.
- Streamlines risk and compliance processes, improving efficiency.
- Centralizes risk management activities and improves decision-making.
- Provides tools for managing user access and data security.
- Automates risk monitoring and informs about SoD violations.
- Comprehensive solution for access management, risk analysis, and role management.
- Slow performance and system hangs are common issues.
- Steep learning curve and requires specialized training.
- Lacks a dedicated application and runs in a browser.
- Limited integration with non-SAP systems.
- Complex setup and configuration.
SAP Risk Management pricing
The commentary is based on 1 reviews from SAP Risk Management G2 reviews.
We find that pricing information for SAP Risk Management is not readily available. However, some users mention cost savings related to compliance and audit processes, suggesting a potential return on investment despite the lack of transparent pricing.
Users sentiment
See the SAP Risk Management pricing page.
SAP Risk Management alternatives
SAS Continuous Monitoring for Procurement IntegrityFinds procurement fraud and waste before it hurts your bottom line.Read more
Fusion Framework SystemAutomates risk and resilience management for smoother business operations.Read more
SAP Risk Management FAQ
SAP Risk Management, part of the SAP S/4HANA suite, helps businesses identify, analyze, and manage potential risks. We find it particularly useful for centralizing risk-related information, enabling better assessment and response planning, and ultimately supporting more informed decision-making across the organization.
What is SAP Risk Management and what does SAP Risk Management do?
SAP Risk Management, part of the SAP S/4HANA suite, helps businesses identify, analyze, and manage potential risks. We find it particularly useful for centralizing risk-related information, enabling better assessment and response planning, and ultimately supporting more informed decision-making across the organization.
SAP Risk Management integrates with other SAP modules within the S/4HANA suite. However, users have reported limited integration capabilities with non-SAP systems, which might be a consideration for businesses relying on a diverse tech stack.
How does SAP Risk Management integrate with other tools?
SAP Risk Management integrates with other SAP modules within the S/4HANA suite. However, users have reported limited integration capabilities with non-SAP systems, which might be a consideration for businesses relying on a diverse tech stack.
We find that SAP Risk Management's main competitors include ERMVare, Resolver, and Fusion Framework System. These alternatives offer similar risk management functionalities, catering to various business needs and potentially addressing some of SAP's shortcomings.
What the main competitors of SAP Risk Management?
We find that SAP Risk Management's main competitors include ERMVare, Resolver, and Fusion Framework System. These alternatives offer similar risk management functionalities, catering to various business needs and potentially addressing some of SAP's shortcomings.
Yes, SAP Risk Management is a legitimate product offered by SAP. It's a widely used tool for businesses to identify, analyze, and mitigate potential risks. We find it particularly helpful for large companies already within the SAP ecosystem.
Is SAP Risk Management legit?
Yes, SAP Risk Management is a legitimate product offered by SAP. It's a widely used tool for businesses to identify, analyze, and mitigate potential risks. We find it particularly helpful for large companies already within the SAP ecosystem.
I am sorry, but we do not have pricing information for SAP Risk Management. Contact SAP directly for a quote.
How much does SAP Risk Management cost?
I am sorry, but we do not have pricing information for SAP Risk Management. Contact SAP directly for a quote.
Based on the reviews, user experiences with SAP Risk Management customer service are mixed. Some users find the support helpful for compliance processes, while others have found the support lacking, especially with post-patching issues.
Is SAP Risk Management customer service good?
Based on the reviews, user experiences with SAP Risk Management customer service are mixed. Some users find the support helpful for compliance processes, while others have found the support lacking, especially with post-patching issues.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.
An AI tool that observes your work, finds inefficiencies, and suggests smarter ways to do things. Maybe you can use your tools better, automate tasks, or switch software.